HENDERSON COUNTY FARM BUREAU INC (EIN 560794349) - 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

1963

Legal Domicile

Principal Officer

JERRED NIX

Phone

8286985534

Tax Period

2024-01-01 to 2024-12-31

HENDERSON COUNTY FARM BUREAU INC, founded in 1963, is a small nonprofit that reported $263K in total revenue in fiscal year 2024. Expenses of $234K left a modest 11% surplus.

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 $232,075

Program Service Revenue $1,650

Investment Income $7,715

Other Revenue $21,962

TOTAL REVENUE $263,402

Expense Breakdown

Grants Paid $21,352

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $212,158

TOTAL EXPENSES $233,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,402	$245,050	+0.1%
Expenses	$233,510	$228,298	+0.0%
Net Income	$29,892	$16,752	+0.8%

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

N/A

Volunteers

300

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
LARRY ROPER	MEMBER - BOD	0.30	Director	$0	$0	$0
DANIEL REID MCCONNELL	V-PRESIDENT	0.30	Officer Director	$0	$0	$0
JERRED NIX	PRESIDENT	0.30	Officer Director	$0	$0	$0
GERALDINE LAMB	MEMBER - BOD	0.30	Director	$0	$0	$0
CHIP WEBSTER	MEMBER - BOD	0.30	Director	$0	$0	$0
ADAM PRYOR	MEMBER-BOD	0.30	Director	$0	$0	$0
JACK RUFF	MEMBER-BOD	0.30	Director	$0	$0	$0
WAYNE CARLAND	SECRETARY/ T	0.30	Officer Director	$0	$0	$0
RONNIE JASON DAVIS	MEMBER - BOD	0.30	Director	$0	$0	$0
ALAN MICHAEL STEPP	MEMBER - BOD	0.30	Director	$0	$0	$0
DOUGLAS WAYNE BARNWELL	MEMBER - BOD	0.30	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	$263,402	$233,510	$1,041,980	$29,892
2023	$245,050	$228,298	$1,012,063	$16,752
2022	$246,403	$203,734	$995,336	$42,669
2021	$237,020	$194,798	$952,667	$42,222
2020	$248,463	$171,613	$910,445	$76,850
2019	$218,079	$175,099	$869,394	$42,980
2018	$212,754	$176,411	$893,589	$36,343

HENDERSON COUNTY FARM BUREAU INC