CHEROKEE COUNTY FARM BUREAU INC (EIN 561009653) - 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

1968

Legal Domicile

Principal Officer

PHILLIP PRESSLEY

Phone

8288376785

Tax Period

2023-01-01 to 2023-12-31

CHEROKEE COUNTY FARM BUREAU INC, founded in 1968, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $111K 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $73,250

Program Service Revenue $0

Investment Income $17,770

Other Revenue $24,802

TOTAL REVENUE $115,822

Expense Breakdown

Grants Paid $7,800

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $103,103

TOTAL EXPENSES $110,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,822	$103,065	+0.1%
Expenses	$110,903	$101,259	+0.1%
Net Income	$4,919	$1,806	+1.7%

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

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
JEFFREY PARKER	SECRETARY	0.15	Officer Director	$0	$0	$0
MATTHEW WOOD	TREASURER	0.15	Officer Director	$0	$0	$0
GRACE CARRINGER	MEMBER-BOD	0.15	Director	$0	$0	$0
DANA MURPHY	V-PRESIDENT	0.15	Officer Director	$0	$0	$0
PHILLIP PRESSLEY	PRESIDENT	0.15	Officer Director	$0	$0	$0
KEATON KILLIAN	MEMBER-BOD	0.15	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$115,822	$110,903	$1,727,629	$4,919
2022	$103,065	$101,259	$1,703,011	$1,806
2021	$272,170	$80,225	$1,802,942	$191,945
2020	$93,005	$61,108	$1,108,605	$31,897
2019	$100,482	$59,337	$994,248	$41,145
2018	$103,697	$64,000	$871,349	$39,697

CHEROKEE COUNTY FARM BUREAU INC