STANLY COUNTY FARM BUREAU INC

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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

GARY HATLEY

Phone

7049820113

Tax Period

2024-01-01 to 2024-12-31

STANLY COUNTY FARM BUREAU INC, founded in 1963, is a small nonprofit that reported $186K in total revenue in fiscal year 2024. The organization ran a surplus of $33K, a strong 18% 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...

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 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...

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $129,211

Program Service Revenue $0

Investment Income $30,454

Other Revenue $26,138

TOTAL REVENUE $185,803

Expense Breakdown

Grants Paid $6,400

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $146,191

TOTAL EXPENSES $152,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,803	$180,756	+0.0%
Expenses	$152,591	$152,189	+0.0%
Net Income	$33,212	$28,567	+0.2%

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

361

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
BUTCH BROOKS	MEMBER-BOD	0.25	Director	$0	$0	$0
CHARLES HERLOCKER	MEMBER-BOD	0.25	Director	$0	$0	$0
TED HATLEY	MEMBER-BOD	0.25	Director	$0	$0	$0
TANNER CARRICK	MEMBER-BOD	0.25	Director	$0	$0	$0
STACEY MARTIN	MEMBER-BOD	0.25	Director	$0	$0	$0
GARY HATLEY	PRESIDENT	0.25	Officer Director	$0	$0	$0
HAZEL EFIRD	MEMBER-BOD	0.25	Director	$0	$0	$0
LAURA HATLEY	MEMBER-BOD	0.25	Director	$0	$0	$0
DAVID UNDERWOOD	MEMBER-BOD	0.25	Director	$0	$0	$0
FRANK LEE	SECRETARY	0.25	Officer Director	$0	$0	$0
ANDREW BURLESON	TREASURER	0.25	Officer Director	$0	$0	$0
CURTIS FURR	V-PRESIDENT	0.25	Officer Director	$0	$0	$0
RONNIE BURLESON	MEMBER-BOD	0.25	Director	$0	$0	$0
JEREMY MCSWAIN	MEMBER-BOD	0.25	Director	$0	$0	$0
JAMIE CARRICK	MEMBER-BOD	0.25	Director	$0	$0	$0
JARRETT SMITH	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	$185,803	$152,591	$1,069,121	$33,212
2023	$180,756	$152,189	$1,027,946	$28,567
2022	$157,250	$156,400	$990,007	$850
2021	$177,785	$146,915	$1,033,462	$30,870
2020	$177,475	$132,785	$1,009,426	$44,690
2019	$166,922	$147,969	$955,585	$18,953
2018	$158,034	$154,871	$919,850	$3,163