BRUNSWICK COUNTY FARM BUREAU INC (EIN 566068232) - 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

1955

Legal Domicile

Principal Officer

CHARLES CHIP CARROLL

Phone

9107548175

Tax Period

2024-01-01 to 2024-12-31

BRUNSWICK COUNTY FARM BUREAU INC, founded in 1955, is a small nonprofit that reported $427K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $487K exceeded revenue, resulting in a 14% operating deficit.

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 $441,707

Program Service Revenue $5,797

Investment Income $3,863

Other Revenue $-23,933

TOTAL REVENUE $427,434

Expense Breakdown

Grants Paid $74,532

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $411,977

TOTAL EXPENSES $486,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$427,434	$389,277	+0.1%
Expenses	$486,509	$426,318	+0.1%
Net Income	$-59,075	$-37,041	+0.6%

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

225

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
ELLIOT SWAIN	MEMBER-BOD	0.15	Director	$0	$0	$0
GREG SWAIN	MEMBER-BOD	0.15	Director	$0	$0	$0
ZACHARY L WHITE	MEMBER-BOD	0.15	Director	$0	$0	$0
JODY CLEMMONS	V-PRESIDENT	0.15	Officer Director	$0	$0	$0
CHARLES CHIP CARROLL	PRESIDENT	0.15	Officer Director	$0	$0	$0
JIM STANALAND	MEMBER-BOD	0.15	Director	$0	$0	$0
MARC GREEN	SECRETARY	0.15	Officer Director	$0	$0	$0
SAM BELLAMY	MEMBER-BOD	0.15	Director	$0	$0	$0
WAYNE BENTON	MEMBER-BOD	0.15	Director	$0	$0	$0
A J STANALAND	MEMBER-BOD	0.15	Director	$0	$0	$0
GENE WARD	MEMBER-BOD	0.15	Director	$0	$0	$0
MILTON COLEMAN	MEMBER-BOD	0.15	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	$427,434	$486,509	$4,153,670	$-59,075
2023	$389,277	$426,318	$4,262,273	$-37,041
2022	$368,639	$397,177	$4,347,824	$-28,538
2021	$547,773	$400,144	$4,367,325	$147,629
2020	$380,094	$316,345	$3,078,208	$63,749
2019	$365,199	$316,928	$3,053,995	$48,271
2018	$364,768	$347,857	$3,106,394	$16,911

BRUNSWICK COUNTY FARM BUREAU INC