Horry-Conway County Farm Bureau (EIN 570421504) - 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

Megan Floyd

Phone

8039364676

Tax Period

2023-01-01 to 2023-12-31

Horry-Conway County Farm Bureau, founded in 1953, is a small nonprofit that reported $220K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $58K, a strong 27% operating margin.

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 $77,395

Program Service Revenue $200

Investment Income $1,634

Other Revenue $140,384

TOTAL REVENUE $219,613

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $72,455

Fundraising Expenses $0

Other Expenses $82,817

TOTAL EXPENSES $161,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,613	$260,011	-0.2%
Expenses	$161,272	$211,776	-0.2%
Net Income	$58,341	$48,235	+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

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
Glenn Winburn	Director	0.30	Director	$0	$0	$0
John Doyle	Director	0.30	Director	$0	$0	$0
Kirsten Mew	YF&R Chair	0.30	Director	$0	$0	$0
Richard Floyd	Director	0.30	Director	$0	$0	$0
Warren Dixon	Director	0.30	Director	$0	$0	$0
Cameron Flowers	Director	0.30	Director	$0	$0	$0
Trent C Johnson	PR Chair	0.30	Director	$0	$0	$0
Spencer Evans	Director	0.30	Director	$0	$0	$0
Holly Willis	Women's Chair	0.30	Director	$0	$0	$0
Elmore Bellamy	Dir. Emeritus	0.30	Director	$0	$0	$0
Raymond Smith	Director	0.30	Director	$0	$0	$0
Corey Dixon	Director	0.30	Director	$0	$0	$0
Floyd Smith	Secretary/Treas	0.30	Officer	$0	$0	$0
Megan Floyd	President	0.30	Officer	$0	$0	$0
Matthew Brown	Vice 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	$219,613	$161,272	$782,619	$58,341
2022	$260,011	$211,776	$721,409	$48,235
2021	$254,740	$202,094	$675,763	$52,646
2020	$256,217	$201,750	$620,528	$54,467

Horry-Conway County Farm Bureau