CATAWBA COUNTY FARM BUREAU INC (EIN 566065226) - 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

1963

Legal Domicile

Principal Officer

JON GLADDEN

Phone

8284642806

Tax Period

2024-01-01 to 2024-12-31

CATAWBA COUNTY FARM BUREAU INC, founded in 1963, is a small nonprofit that reported $300K in total revenue in fiscal year 2024. Expenses of $280K left a modest 7% 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 (2024)

Revenue Breakdown

Contributions & Grants $272,600

Program Service Revenue $4,123

Investment Income $34,838

Other Revenue $-11,312

TOTAL REVENUE $300,249

Expense Breakdown

Grants Paid $23,775

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $255,774

TOTAL EXPENSES $279,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,249	$293,167	+0.0%
Expenses	$279,549	$298,882	-0.1%
Net Income	$20,700	$-5,715	-4.6%

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

345

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
LUCAS RICHARD	MEMBER-BOD	0.50	Director	$0	$0	$0
DURAYNE HOOD	MEMBER-BOD	0.50	Director	$0	$0	$0
DAVID CARPENTER	MEMBER-BOD	0.50	Director	$0	$0	$0
SCOTTIE COOK	MEMBER-BOD	0.50	Director	$0	$0	$0
DARRIN LACKEY	MEMBER-BOD	0.50	Director	$0	$0	$0
JEREMY LEE	MEMBER-BOD	0.50	Director	$0	$0	$0
TYLER LUTZ	MEMBER-BOD	0.50	Director	$0	$0	$0
DAN HUNSUCKER	MEMBER-BOD	0.50	Director	$0	$0	$0
BRANDON BOWMAN	MEMBER-BOD	0.50	Director	$0	$0	$0
ROBERT SMYRE	MEMBER-BOD	0.50	Director	$0	$0	$0
STEVE KILLIAN	MEMBER-BOD	0.50	Director	$0	$0	$0
TONY SIGMON	MEMBER-BOD	0.50	Director	$0	$0	$0
KENNETH ARROWOOD	MEMBER-BOD	0.50	Director	$0	$0	$0
LORI DEVINE	MEMBER-BOD	0.50	Director	$0	$0	$0
JEFF ELMORE	VP	0.50	Officer Director	$0	$0	$0
JON GLADDEN	PRESIDENT	0.50	Officer Director	$0	$0	$0
EARL JARRETT	MEMBER-BOD	0.50	Director	$0	$0	$0
BETH ELMORE	SECRETARY	0.50	Officer Director	$0	$0	$0
CLARENCE HOOD	MEMBER-BOD	0.50	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
2024	$300,249	$279,549	$636,448	$20,700
2023	$293,167	$298,882	$615,748	$-5,715
2022	$273,880	$267,664	$621,463	$6,216
2021	$271,031	$253,682	$615,247	$17,349
2020	$265,354	$226,329	$597,898	$39,025
2019	$244,550	$261,730	$558,873	$-17,180
2018	$243,381	$243,593	$576,053	$-212

CATAWBA COUNTY FARM BUREAU INC