IREDELL CO FARM BUREAU INC (EIN 560812539) - 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

1955

Legal Domicile

Principal Officer

RICHARD RENEGAR

Phone

7048762373

Tax Period

2024-01-01 to 2024-12-31

IREDELL CO FARM BUREAU INC, founded in 1955, is a small nonprofit that reported $306K in total revenue in fiscal year 2024. Net assets of $1.8M represent 71 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $271,700

Program Service Revenue $0

Investment Income $4,462

Other Revenue $29,541

TOTAL REVENUE $305,703

Expense Breakdown

Grants Paid $41,725

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $266,572

TOTAL EXPENSES $308,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,703	$317,804	0.0%
Expenses	$308,297	$290,381	+0.1%
Net Income	$-2,594	$27,423	-1.1%

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

597

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
ANDY GRAY	DIRECTOR	0.30	Director	$0	$0	$0
JAMES HOWARD	DIRECTOR	0.30	Director	$0	$0	$0
JAMES DOBSON JR	DIRECTOR	0.30	Director	$0	$0	$0
CARROLL GOODMAN	DIRECTOR	0.30	Director	$0	$0	$0
NEAL JOHNSON	DIRECTOR	0.30	Director	$0	$0	$0
SCOTT CLONTZ	DIRECTOR	0.30	Director	$0	$0	$0
DENNIS LEAMON	DIRECTOR	0.30	Director	$0	$0	$0
DOUG HOLLAND	DIRECTOR	0.30	Director	$0	$0	$0
AMANDA WHITENER	DIRECTOR	0.30	Director	$0	$0	$0
LEON BEAVER	DIRECTOR	0.30	Director	$0	$0	$0
THAD GAITHER	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL HOWARD	DIRECTOR	0.30	Director	$0	$0	$0
MATTHEW PENCE	DIRECTOR	0.30	Director	$0	$0	$0
SEAN TURNER	V-PRESIDENT	0.30	Officer Director	$0	$0	$0
TRACY JENKINS	DIRECTOR	0.30	Director	$0	$0	$0
DANNY ALLEN JR	DIRECTOR	0.30	Director	$0	$0	$0
JEFF SLOAN	SECRETARY	0.30	Officer Director	$0	$0	$0
JACKSON LOWRANCE	DIRECTOR	0.30	Director	$0	$0	$0
RICHARD RENEGAR	PRESIDENT	0.30	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	$305,703	$308,297	$1,800,153	$-2,594
2023	$317,804	$290,381	$1,802,747	$27,423
2022	$310,346	$289,670	$1,775,324	$20,676
2021	$311,179	$254,762	$1,754,648	$56,417
2020	$320,998	$219,376	$1,698,231	$101,622
2019	$297,354	$257,127	$1,596,609	$40,227
2018	$301,487	$244,600	$1,556,382	$56,887

IREDELL CO FARM BUREAU INC