SPARTANBURG COUNTY FARM BUREAU (EIN 570345437) - 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

1953

Legal Domicile

Principal Officer

Case Chumley

Phone

8039364676

Tax Period

2023-01-01 to 2023-12-31

SPARTANBURG COUNTY FARM BUREAU, founded in 1953, is a small nonprofit that reported $102K in total revenue in fiscal year 2023. Expenses of $125K exceeded revenue, resulting in a 23% operating deficit.

Mission

Promote agricultural interests and to optimize the lives of those involved in agriculture while being respectful to the needs and concerns of all citizens in our state.

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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 (2023)

Revenue Breakdown

Contributions & Grants $82,167

Program Service Revenue $0

Investment Income $7,965

Other Revenue $11,854

TOTAL REVENUE $101,986

Expense Breakdown

Grants Paid $25,450

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $99,803

TOTAL EXPENSES $125,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,986	$99,191	+0.0%
Expenses	$125,253	$81,606	+0.5%
Net Income	$-23,267	$17,585	-2.3%

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

$5,249

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Sellars	Director	0.30	Director	$5,249	$0	$5,249
Jennifer Harrell	Womens Comm Chr	0.30	Director	$0	$0	$0
Ken Brockman	Membership Chr	0.30	Director	$0	$0	$0
Kent Brockman	Director	0.30	Director	$0	$0	$0
Whitney Farr	Legis. Comm Chr	0.30	Director	$0	$0	$0
Harriett Belue	Director	0.30	Director	$0	$0	$0
Wendell K Brockman Jr	Director	0.30	Director	$0	$0	$0
Patrick Sellars	Director	0.30	Director	$0	$0	$0
Anthony Owens	Director	0.30	Director	$0	$0	$0
Tim Seay	Director	0.30	Director	$0	$0	$0
Hugh Waldrop	Director	0.30	Director	$0	$0	$0
Taryn Chumley	Womens Comm Chr	0.30	Director	$0	$0	$0
Ginger Bowen	PR Chair	0.30	Director	$0	$0	$0
Sallie Hambright-Belue	Director	0.30	Director	$0	$0	$0
Clay Barnette	YF&R Chair	0.30	Director	$0	$0	$0
Ben Cothran	Sec./Treasurer	0.30	Officer	$0	$0	$0
Toby McCall	Vice President	0.30	Officer	$0	$0	$0
Case Chumley	President	0.30	Officer	$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	No data	No data	No data	No data
2023	$101,986	$125,253	$698,765	$-23,267
2022	$99,191	$81,606	$722,032	$17,585
2021	$106,371	$90,802	$704,447	$15,569
2020	$110,618	$53,973	$690,832	$56,645

SPARTANBURG COUNTY FARM BUREAU