NEW HANOVER COUNTY FARM BUREAU INC (EIN 566065278) - 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

1962

Legal Domicile

Principal Officer

EELCO TINGA JR

Phone

9103439900

Tax Period

2024-01-01 to 2024-12-31

NEW HANOVER COUNTY FARM BUREAU INC, founded in 1962, is a small nonprofit that reported $344K in total revenue in fiscal year 2024. Expenses of $326K left a modest 5% 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 $343,225

Program Service Revenue $0

Investment Income $15,168

Other Revenue $-14,558

TOTAL REVENUE $343,835

Expense Breakdown

Grants Paid $25,480

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $300,484

TOTAL EXPENSES $325,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,835	$321,382	+0.1%
Expenses	$325,964	$318,700	+0.0%
Net Income	$17,871	$2,682	+5.7%

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

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

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
EELCO TINGA III	SECRETARY	0.35	Officer Director	$0	$0	$0
EDWARD VOSNOCK	V-PRESIDENT	0.35	Officer Director	$0	$0	$0
EELCO TINGA JR	PRESIDENT	0.35	Officer Director	$0	$0	$0
N/A	MEMBER-BOD	0.35	Director	$0	$0	$0
MELISSA HIGHT	MEMBER-BOD	0.35	Director	$0	$0	$0
MARK HOMMES	MEMBER-BOD	0.35	Director	$0	$0	$0
HENRY JAY STYRON	TREASURER	0.35	Officer 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	$343,835	$325,964	$410,660	$17,871
2023	$321,382	$318,700	$392,789	$2,682
2022	$339,181	$293,380	$390,107	$45,801
2021	$300,133	$260,373	$344,306	$39,760
2020	$282,293	$246,703	$304,921	$35,590
2019	$282,402	$266,758	$269,331	$15,644
2018	$278,668	$265,299	$253,687	$13,369

NEW HANOVER COUNTY FARM BUREAU INC