CURRITUCK COUNTY FARM BUREAU INC (EIN 560794186) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

ROY HARRISON

Phone

2522322277

Tax Period

2024-01-01 to 2024-12-31

CURRITUCK COUNTY FARM BUREAU INC, founded in 1957, is a small nonprofit that reported $135K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 16% 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $107,950

Program Service Revenue $0

Investment Income $7,492

Other Revenue $19,822

TOTAL REVENUE $135,264

Expense Breakdown

Grants Paid $10,775

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $103,307

TOTAL EXPENSES $114,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,264	$108,623	+0.2%
Expenses	$114,082	$114,931	0.0%
Net Income	$21,182	$-6,308	-4.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN SMITH	SECRETARY	0.15	Officer Director	$0	$0	$0
LEAHA ODOM	MEMBER-BOD	0.15	Director	$0	$0	$0
ROY HARRISON	PRESIDENT	0.15	Officer Director	$0	$0	$0
MANLY WEST	MEMBER-BOD	0.15	Director	$0	$0	$0
FINLEY NEWBERN	MEMBER-BOD	0.15	Director	$0	$0	$0
JAMES GUARD	MEMBER-BOD	0.15	Director	$0	$0	$0
WILLIAM POWELL	MEMBER-BOD	0.15	Director	$0	$0	$0
HARVEY ROBERTS	VP	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	$135,264	$114,082	$561,746	$21,182
2023	$108,623	$114,931	$540,564	$-6,308
2022	$123,215	$104,778	$546,872	$18,437
2021	$124,926	$104,939	$528,435	$19,987
2020	$127,630	$94,914	$508,448	$32,716

CURRITUCK COUNTY FARM BUREAU INC