HOKE COUNTY FARM BUREAU INC

EIN: 566061694

RAEFORD, NC

Total Revenue
$145,032
Total Expenses
$110,387
Total Assets
$678,660
Net Assets
$678,660
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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
KELLY ARCHAMBAULT
Phone
9108754091
Tax Period
2024-01-01 to 2024-12-31

HOKE COUNTY FARM BUREAU INC, founded in 1962, is a small nonprofit that reported $145K in total revenue in fiscal year 2024. The organization ran a surplus of $35K, a strong 24% operating margin.

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.

Program Service Accomplishments

Program 1

POLICY DEVELOPMENT- MEMBERS WORKING IN COMMITTEES INVOLVED AT THE COUNTY, DISTRICT AND STATE LEVELS TO IDENTIFY ISSUES IMPORTANT TO THE WELL BEING OF AGRICULTURE AND DEVELOPING PUBLIC POLICIES ON...

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POLICY DEVELOPMENT- MEMBERS WORKING IN COMMITTEES INVOLVED AT THE COUNTY, DISTRICT AND STATE LEVELS TO IDENTIFY ISSUES IMPORTANT TO THE WELL BEING OF AGRICULTURE AND DEVELOPING PUBLIC POLICIES ON SUCH ISSUES TO PURSUE THROUGH THE LEGISLATIVE AND REGULATORY PROCESS.

Program 2

PUBLIC AWARENESS ACTIVITIES - TO INFORM THE PUBLIC OF THE IMPORTANCE OF AGRICULTURE TO THE ECONOMY OF THE COUNTY. COORDINATED AND HELPED TO SPONSER EVENTS WITH OTHER AGRICULTURE AND COMMUNITY GROUPS...

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PUBLIC AWARENESS ACTIVITIES - TO INFORM THE PUBLIC OF THE IMPORTANCE OF AGRICULTURE TO THE ECONOMY OF THE COUNTY. COORDINATED AND HELPED TO SPONSER EVENTS WITH OTHER AGRICULTURE AND COMMUNITY GROUPS TO RAISE THE PUBLIC AWARENESS OF AGRICULTURAL ENTERPRISES WITHIN THE COUNTY AND TO INCREASE FARMER'S PRODUCTION KNOWLEDGE.

Program 3

AGRICULTURAL LEADERSHIP DEVELOPMENT -PLANNED, CONDUCTED AND SUPPORTED ACTIVITIES FOR YOUTH AND ADULTS INVOLVED IN AGRICULTURE THAT PROVIDED OPPORTUNITIES TO EXPLORE THE AGRICULTURAL INDUSTRY AND...

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AGRICULTURAL LEADERSHIP DEVELOPMENT -PLANNED, CONDUCTED AND SUPPORTED ACTIVITIES FOR YOUTH AND ADULTS INVOLVED IN AGRICULTURE THAT PROVIDED OPPORTUNITIES TO EXPLORE THE AGRICULTURAL INDUSTRY AND DEVELOP LEADERSHIP SKILLS. THESE ACTIVITIES INCLUDED COLLEGE SCHOLARSHIPS FOR STUDENTS MAJORING IN AN AGRICULTURAL FIELD OF STUDY, INSTITUTE FOR FUTURE AGRICULTURAL LEADERSHIP AND VARIOUS LEADERSHIP CONFERENCES.

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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 $117,425
Program Service Revenue $0
Investment Income $2,827
Other Revenue $24,780
TOTAL REVENUE $145,032

Expense Breakdown

Grants Paid $10,031
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $100,356
TOTAL EXPENSES $110,387

Year-over-Year Comparison

2024 2023 Change
Revenue $145,032 $142,152 +0.0%
Expenses $110,387 $105,484 +0.0%
Net Income $34,645 $36,668 -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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
113

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHNNY BOYLES V-PRESIDENT 0.25
Officer Director
$0 $0 $0
KELLY ARCHAMBAULT PRESIDENT 0.25
Officer Director
$0 $0 $0
JAMES MCGOUGAN MEMBER BOD 0.25
Director
$0 $0 $0
ROBERT WRIGHT MEMBER BOD 0.25
Director
$0 $0 $0
JAMES WARNER JR SECRETARY 0.25
Officer Director
$0 $0 $0
WILLIAM CAMERON JR MEMBER BOD 0.25
Director
$0 $0 $0
WILBUR SCHRUM MEMBER BOD 0.25
Director
$0 $0 $0
RICHARD WOOD MEMBER-BOD 0.25
Director
$0 $0 $0
MATTHEW HENDRIX 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 No data No data No data No data
2024 $145,032 $110,387 $678,660 $34,645
2023 $142,152 $105,484 $644,015 $36,668
2022 $127,722 $94,254 $607,347 $33,468
2021 $128,723 $87,623 $573,879 $41,100
2020 $125,930 $79,390 $532,779 $46,540
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