RANDOLPH COUNTY FARM BUREAU INC

EIN: 560844013

ASHEBORO, NC

Total Revenue
$336,426
Total Expenses
$340,746
Total Assets
$634,564
Net Assets
$634,564
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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
1962
Legal Domicile
NC
Principal Officer
BOBBY ALLEN
Phone
3366299187
Tax Period
2024-01-01 to 2024-12-31

RANDOLPH COUNTY FARM BUREAU INC, founded in 1962, is a small nonprofit that reported $336K in total revenue in fiscal year 2024.

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 $318,425
Program Service Revenue $0
Investment Income $5,717
Other Revenue $12,284
TOTAL REVENUE $336,426

Expense Breakdown

Grants Paid $40,815
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $299,931
TOTAL EXPENSES $340,746

Year-over-Year Comparison

2024 2023 Change
Revenue $336,426 $320,534 +0.0%
Expenses $340,746 $322,680 +0.1%
Net Income $-4,320 $-2,146 +1.0%
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
14
Independent Members
14
Employees
N/A
Volunteers
733

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
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN SMITH MEMBER BOD 0.35
Director
$0 $0 $0
ADAM MODLIN MEMBER-BOD 0.35
Director
$0 $0 $0
KEN AUSTIN TREASURER 0.35
Officer Director
$0 $0 $0
MICHAEL MORGAN MEMBER BOD 0.35
Director
$0 $0 $0
CLIFFORD ELLIOTT SECRETARY 0.35
Officer Director
$0 $0 $0
JERRY DAVIS VICE-PRESIDE 0.35
Officer Director
$0 $0 $0
TIMOTHY BRYANT MADREN MEMBER BOD 0.35
Director
$0 $0 $0
STEVEN KING MEMBER-BOD 0.35
Director
$0 $0 $0
BOBBY ALLEN PRESIDENT 0.35
Officer Director
$0 $0 $0
SHEELA WRIGHT MEMBER BOD 0.35
Director
$0 $0 $0
LLYOD WEST MEMBER-BOD 0.35
Director
$0 $0 $0
MARK HAYES MEMBER BOD 0.35
Director
$0 $0 $0
EMMA RUTH WICKER MEMBER-BOD 0.35
Director
$0 $0 $0
JIMMIE MOFFITT MEMBER-BOD 0.35
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 $336,426 $340,746 $634,564 $-4,320
2023 $320,534 $322,680 $638,884 $-2,146
2022 $323,250 $294,939 $641,030 $28,311
2021 $305,358 $303,788 $612,719 $1,570
2020 $309,171 $258,535 $611,149 $50,636
2019 $288,192 $273,187 $619,188 $15,005
2018 $266,427 $264,587 $630,381 $1,840
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