RICHMOND COUNTY FARM BUREAU INC

EIN: 560809198

ROCKINGHAM, NC

Total Revenue
$65,290
Total Expenses
$71,321
Total Assets
$433,597
Net Assets
$433,597
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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
NC
Principal Officer
CHRISTOPHER YAKLIN
Phone
9109975671
Tax Period
2024-01-01 to 2024-12-31

RICHMOND COUNTY FARM BUREAU INC, founded in 1957, is a micro nonprofit that reported $65K in total revenue in fiscal year 2024. Net assets of $434K represent 80 months of operating reserves.

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 $51,234
Program Service Revenue $0
Investment Income $0
Other Revenue $14,056
TOTAL REVENUE $65,290

Expense Breakdown

Grants Paid $12,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $59,321
TOTAL EXPENSES $71,321

Year-over-Year Comparison

2024 2023 Change
Revenue $65,290 $63,620 +0.0%
Expenses $71,321 $64,719 +0.1%
Net Income $-6,031 $-1,099 +4.5%
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
97

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETTY WILSON MEMBER-BOD 0.20
Director
$0 $0 $0
ANTHONY GROWE MEMBER-BOD 0.20
Director
$0 $0 $0
JORDAN CARROLL MEMBER-BOD 0.20
Director
$0 $0 $0
JOHN MULLEN V-PRESIDENT 0.20
Officer Director
$0 $0 $0
DONALD LAMBETH SECRETARY 0.20
Officer Director
$0 $0 $0
STEPHEN REAMS MEMBER-BOD 0.20
Director
$0 $0 $0
CHRISTOPHER YAKLIN PRESIDENT 0.20
Officer Director
$0 $0 $0
RICKIE DEWITT TREASURER 0.20
Officer Director
$0 $0 $0
LOWELL HILL SR MEMBER-BOD 0.20
Director
$0 $0 $0
BIOUS WILLIAMSON MEMBER-BOD 0.20
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 $65,290 $71,321 $433,597 $-6,031
2023 $63,620 $64,719 $439,628 $-1,099
2022 $67,220 $59,873 $440,727 $7,347
2021 $64,257 $53,378 $459,785 $10,879
2020 $64,628 $48,821 $475,502 $15,807
2019 $60,373 $56,881 $486,451 $3,492
2018 $61,375 $57,416 $501,646 $3,959
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