HALIFAX COUNTY FARM BUREAU INC (EIN 560945000) - 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

1956

Legal Domicile

Principal Officer

RAYMOND GARNER

Phone

2525835831

Tax Period

2025-01-01 to 2025-12-31

HALIFAX COUNTY FARM BUREAU INC, founded in 1956, is a small nonprofit that reported $125K in total revenue in fiscal year 2025. Expenses of $111K left a modest 11% 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $107,700

Program Service Revenue $0

Investment Income $873

Other Revenue $16,675

TOTAL REVENUE $125,248

Expense Breakdown

Grants Paid $7,700

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $103,501

TOTAL EXPENSES $111,201

Year-over-Year Comparison

	2025	2024	Change
Revenue	$125,248	$128,230	0.0%
Expenses	$111,201	$113,250	0.0%
Net Income	$14,047	$14,980	-0.1%

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

210

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
JAMES WILSON	MEMBER-BOD	0.25	Director	$0	$0	$0
BERNARD MORRIS	MEMBER-BOD	0.25	Director	$0	$0	$0
RAYMOND GARNER	PRESIDENT	0.25	Officer Director	$0	$0	$0
WILLIAM WEST	SECRETARY	0.25	Officer Director	$0	$0	$0
ROBERT FLEMING	MEMBER-BOD	0.25	Director	$0	$0	$0
JAMES KITCHIN	MEMBER-BOD	0.25	Director	$0	$0	$0
ANDY ADKINS	MEMBER-BOD	0.25	Director	$0	$0	$0
CHRISTOPHER FITTS	V-PRESIDENT	0.25	Officer Director	$0	$0	$0
JOHN BRANHAM	MEMBER-BOD	0.25	Director	$0	$0	$0
ELBERT PHELPS	MEMBER-BOD	0.25	Director	$0	$0	$0
KIP WARREN	MEMBER-BOD	0.25	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
2025	$125,248	$111,201	$424,437	$14,047
2024	$128,230	$113,250	$421,145	$14,980
2023	$127,983	$115,648	$416,198	$12,335

HALIFAX COUNTY FARM BUREAU INC