MCDOWELL COUNTY FARM BUREAU INC

EIN: 560816021

MARION, NC

Total Revenue
$153,842
Total Expenses
$151,891
Total Assets
$626,348
Net Assets
$626,348
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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
NC
Principal Officer
TIM KELLER
Phone
8286524525
Tax Period
2024-01-01 to 2024-12-31

MCDOWELL COUNTY FARM BUREAU INC, founded in 1963, is a small nonprofit that reported $154K in total revenue in fiscal year 2024. Net assets of $626K represent 49 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 $131,375
Program Service Revenue $0
Investment Income $21,457
Other Revenue $1,010
TOTAL REVENUE $153,842

Expense Breakdown

Grants Paid $24,800
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $127,091
TOTAL EXPENSES $151,891

Year-over-Year Comparison

2024 2023 Change
Revenue $153,842 $156,599 0.0%
Expenses $151,891 $146,411 +0.0%
Net Income $1,951 $10,188 -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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
280

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA BIDDIX MEMBER-BOD 0.10
Director
$0 $0 $0
RAY REVIS MEMBER-BOD 0.10
Director
$0 $0 $0
STEVEN CABLE MEMBER-BOD 0.10
Director
$0 $0 $0
JAMES NATIONS PAST PRESIDE 0.10
Officer Director
$0 $0 $0
TIM KELLER PRESIDENT 0.10
Officer Director
$0 $0 $0
N/A SECRETARY 0.10
Officer Director
$0 $0 $0
ARNOLD ANDERSON MEMBER-BOD 0.10
Director
$0 $0 $0
WAYNE MILLER V-PRESIDENT 0.10
Officer Director
$0 $0 $0
LESTER MCCLURE MEMBER-BOD 0.10
Director
$0 $0 $0
FRED BROWN JR MEMBER-BOD 0.10
Director
$0 $0 $0
ROBERT BRACKETT MEMBER-BOD 0.10
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 $153,842 $151,891 $626,348 $1,951
2023 $156,599 $146,411 $623,964 $10,188
2022 $151,396 $138,842 $606,950 $12,554
2021 $145,999 $126,559 $614,195 $19,440
2020 $155,779 $138,338 $589,897 $17,441
2019 $157,714 $139,832 $573,193 $17,882
2018 $147,761 $140,634 $548,602 $7,127
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