NORTH CAROLINA ASSOCIATION OF FUTURE FARMERS OF AMERICA INC (EIN 566061314) - 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

1928

Legal Domicile

Principal Officer

JOSHUA BLEDSOE

Phone

9195154206

Tax Period

2024-09-01 to 2025-08-31

NORTH CAROLINA ASSOCIATION OF FUTURE FARMERS OF AMERICA INC, founded in 1928, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $5.2M represent 29 months of operating reserves.

Mission

TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THEIR POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH, AND CAREER SUCCESS THROUGH AGRICULTURAL EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,379,984

Program Service Revenue $741,609

Investment Income $48,997

Other Revenue $0

TOTAL REVENUE $2,170,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,741

Fundraising Expenses $0

Program Expenses $1,962,647

Other Expenses $2,066,426

TOTAL EXPENSES $2,136,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,170,590	$1,989,228	+0.1%
Expenses	$2,136,167	$1,938,984	+0.1%
Net Income	$34,423	$50,244	-0.3%

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

Volunteers

N/A

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

$164,810

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA BLEDSOE	STATE AG ED	N/A	Officer	$164,810	$0	$164,810

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	$2,170,590	$2,136,167	$5,238,321	$34,423
2024	$1,989,228	$1,938,984	$5,218,434	$50,244
2023	$1,998,715	$1,859,206	$5,180,680	$139,509
2022	$3,210,840	$1,618,078	$5,044,207	$1,592,762
2021	$922,524	$745,906	$3,544,650	$176,618
2020	$977,522	$836,081	$3,368,031	$141,441

NORTH CAROLINA ASSOCIATION OF FUTURE FARMERS OF AMERICA INC