CARTERET COUNTY FARM BUREAU INC

EIN: 560841755

MOREHEAD CITY, NC

Total Revenue
$315,913
Total Expenses
$302,253
Total Assets
$1,229,409
Net Assets
$1,229,409
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NC
Principal Officer
LELAND M SIMMONS
Phone
2527264779
Tax Period
2024-01-01 to 2024-12-31

CARTERET COUNTY FARM BUREAU INC, founded in 1962, is a small nonprofit that reported $316K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $302K left a modest 4% 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $253,575
Program Service Revenue $0
Investment Income $0
Other Revenue $62,338
TOTAL REVENUE $315,913

Expense Breakdown

Grants Paid $42,550
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $259,703
TOTAL EXPENSES $302,253

Year-over-Year Comparison

2024 2023 Change
Revenue $315,913 $292,051 +0.1%
Expenses $302,253 $308,308 0.0%
Net Income $13,660 $-16,257 -1.8%
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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
133

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY SCOTT GARNER VICE-PRESIDE 0.32
Officer Director
$0 $0 $0
ALTON RAY HARRIS MEMBER-BOD 0.32
Director
$0 $0 $0
ERNEST BRYAN MEMBER-BOD 0.32
Director
$0 $0 $0
SAMUEL CLAYTON GARNER JR MEMBER-BOD 0.32
Director
$0 $0 $0
JUNE BRYAN SECRETARY 0.32
Officer Director
$0 $0 $0
KARISA GRANGER MEMBER-BOD 0.32
Director
$0 $0 $0
WILLIAM TODD KELLY MEMBER-BOD 0.32
Director
$0 $0 $0
HAROLD HENRIKSEN MEMBER-BOD 0.32
Director
$0 $0 $0
LELAND M SIMMONS PRESIDENT 0.32
Officer Director
$0 $0 $0
JAMES TYLER CHADWICK MEMBER-BOD 0.32
Director
$0 $0 $0
TREY RIVENBARK MEMBER-BOD 0.32
Director
$0 $0 $0
JOHN GLENN SKINNER JR MEMBER-BOD 0.32
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 $315,913 $302,253 $1,229,409 $13,660
2023 $292,051 $308,308 $1,215,749 $-16,257
2022 $292,901 $286,415 $1,232,006 $6,486
2021 $277,929 $260,598 $1,225,520 $17,331
2020 $267,995 $227,243 $1,241,027 $40,752
2019 $268,801 $214,804 $1,247,235 $53,997
2018 $255,648 $215,063 $1,204,209 $40,585
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