ROWAN COUNTY FARM BUREAU INC

EIN: 566065251

SALISBURY, NC

Total Revenue
$223,465
Total Expenses
$215,586
Total Assets
$705,647
Net Assets
$454,329
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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
NC
Principal Officer
ADAM BARNHARDT
Phone
7046334801
Tax Period
2025-01-01 to 2025-12-31

ROWAN COUNTY FARM BUREAU INC, founded in 1963, is a small nonprofit that reported $223K in total revenue in fiscal year 2025. Expenses of $216K 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $236,525
Program Service Revenue $10,599
Investment Income $814
Other Revenue $-24,473
TOTAL REVENUE $223,465

Expense Breakdown

Grants Paid $7,250
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $208,336
TOTAL EXPENSES $215,586

Year-over-Year Comparison

2025 2024 Change
Revenue $223,465 $211,590 +0.1%
Expenses $215,586 $210,842 +0.0%
Net Income $7,879 $748 +9.5%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
505

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG PATTERSON PAST PRESIDE 0.20
Officer Director
$0 $0 $0
WILLIAM YOST SECRETARY 0.20
Officer Director
$0 $0 $0
CORRIE CONNOLLY MEMBER-BOD 0.20
Director
$0 $0 $0
DAVID CORRELL V-PRESIDENT 0.20
Officer Director
$0 $0 $0
JOSH SAFRIT MEMBER-BOD 0.20
Director
$0 $0 $0
BENJAMIN WATTS MEMBER-BOD 0.20
Director
$0 $0 $0
STEPHANIE STONE MEMBER-BOD 0.20
Director
$0 $0 $0
ADAM BARNHARDT PRESIDENT 0.20
Officer Director
$0 $0 $0
MARCEL RENN MEMBER-BOD 0.20
Director
$0 $0 $0
REBEKAH RUSSELL MEMBER-BOD 0.20
Director
$0 $0 $0
MADELINE WILHELM MEMBER-BOD 0.20
Director
$0 $0 $0
ANDY CORRIHER MEMBER-BOD 0.20
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 $223,465 $215,586 $705,647 $7,879
2024 $211,590 $210,842 $732,179 $748
2023 $214,385 $202,679 $759,246 $11,706
2022 $198,795 $189,551 $774,816 $9,244
2021 $210,461 $182,101 $787,030 $28,360
2020 $196,780 $170,980 $776,392 $25,800
2019 $192,242 $177,579 $717,087 $14,663
2018 $187,217 $175,380 $745,381 $11,837
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