DAVIDSON COUNTY FARM BUREAU INC

EIN: 566063095

LEXINGTON, NC

Total Revenue
$359,167
Total Expenses
$324,058
Total Assets
$1,551,283
Net Assets
$1,024,009
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NC
Principal Officer
GEORGE SMITH
Phone
3362494916
Tax Period
2023-01-01 to 2023-12-31

DAVIDSON COUNTY FARM BUREAU INC, founded in 1963, is a small nonprofit that reported $359K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $324K left a modest 10% 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $350,650
Program Service Revenue $0
Investment Income $6,917
Other Revenue $1,600
TOTAL REVENUE $359,167

Expense Breakdown

Grants Paid $21,775
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $302,283
TOTAL EXPENSES $324,058

Year-over-Year Comparison

2023 2022 Change
Revenue $359,167 $322,368 +0.1%
Expenses $324,058 $302,212 +0.1%
Net Income $35,109 $20,156 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
626

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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE SMITH PRESIDENT 0.40
Officer Director
$0 $0 $0
HENRY SINK MEMBER-BOD 0.40
Director
$0 $0 $0
ADAM HILTON MEMBER-BOD 0.40
Director
$0 $0 $0
GUY BOWERS MEMBER-BOD 0.40
Director
$0 $0 $0
BRIAN MOTSINGER MEMBER-BOD 0.40
Director
$0 $0 $0
SHANE SNIDER MEMBER-BOD 0.40
Director
$0 $0 $0
NEIL BEARD MEMBER-BOD 0.40
Director
$0 $0 $0
ROBERT WALSER SECRETARY 0.40
Officer Director
$0 $0 $0
ROGER BLAKE MEMBER-BOD 0.40
Director
$0 $0 $0
MIKE HEGE MEMBER-BOD 0.40
Director
$0 $0 $0
FRANCES LANIER MEMBER-BOD 0.40
Director
$0 $0 $0
GLENN SHEETS MEMBER-BOD 0.40
Director
$0 $0 $0
JIM DAVIS V-PRESIDENT 0.40
Officer Director
$0 $0 $0
CHARLES THOMAS MEMBER-BOD 0.40
Director
$0 $0 $0
WILLIAM BRINKLEY MEMBER-BOD 0.40
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 $359,167 $324,058 $1,551,283 $35,109
2022 $322,368 $302,212 $1,551,611 $20,156
2021 $315,923 $273,472 $1,662,600 $42,451
2020 $514,027 $257,670 $926,293 $256,357
2019 $252,523 $279,754 $669,936 $-27,231
2018 $311,135 $288,348 $697,167 $22,787
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