VANCE COUNTY FARM BUREAU INC

EIN: 560789525

HENDERSON, NC

Total Revenue
$112,194
Total Expenses
$92,521
Total Assets
$554,897
Net Assets
$554,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
NC
Principal Officer
JOSEPH THOMAS SHAW III
Phone
2524384119
Tax Period
2024-01-01 to 2024-12-31

VANCE COUNTY FARM BUREAU INC, founded in 1961, is a small nonprofit that reported $112K in total revenue in fiscal year 2024. The organization ran a surplus of $20K, a strong 18% operating margin.

Mission

PRIVATE, NON-PROFIT ORGANIZATION CREATED TO DEVELOP, FOSTER, PROMOTE AND PROTECT PROGRAMS FOR THE WELFARE OF FARM PEOPLE, INCLUDING THEIR ECONOMIC, SOCIAL AND EDUCATIONAL WELL-BEING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $95,000
Program Service Revenue $0
Investment Income $1,819
Other Revenue $15,375
TOTAL REVENUE $112,194

Expense Breakdown

Grants Paid $5,330
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $87,191
TOTAL EXPENSES $92,521

Year-over-Year Comparison

2024 2023 Change
Revenue $112,194 $110,958 +0.0%
Expenses $92,521 $102,961 -0.1%
Net Income $19,673 $7,997 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
127

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN RENN MEMBER-BOD 0.15
Director
$0 $0 $0
RODNEY DICKERSON MEMBER-BOD 0.15
Director
$0 $0 $0
RODNEY STAINBACK MEMBER-BOD 0.15
Director
$0 $0 $0
JOHN GRAY CLAYTON MEMBER-BOD 0.15
Director
$0 $0 $0
SAMUEL FRANKLIN JR V-PRESIDENT 0.15
Officer Director
$0 $0 $0
RONALD BENNETT MEMBER-BOD 0.15
Director
$0 $0 $0
EUGENE MATTHEWS MEMBER-BOD 0.15
Director
$0 $0 $0
TALMADGE BURGESS MEMBER-BOD 0.15
Director
$0 $0 $0
CLIFTON CAPPS JR SECRETARY 0.15
Officer Director
$0 $0 $0
JOSEPH THOMAS SHAW III PRESIDENT 0.15
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $112,194 $92,521 $554,897 $19,673
2023 $110,958 $102,961 $535,224 $7,997
2022 $114,225 $93,838 $527,227 $20,387
2021 $118,848 $90,251 $506,840 $28,597
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