Charleston County Farm Bureau (EIN 570468640) - 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

1968

Legal Domicile

Principal Officer

Adair McKoy IV

Phone

8039364676

Tax Period

2023-01-01 to 2023-12-31

Charleston County Farm Bureau, founded in 1968, is a micro nonprofit that reported $58K in total revenue in fiscal year 2023. The organization ran a surplus of $21K, a strong 37% 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 $26,839

Program Service Revenue $0

Investment Income $2,646

Other Revenue $28,382

TOTAL REVENUE $57,867

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $34,496

TOTAL EXPENSES $36,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,867	$56,184	+0.0%
Expenses	$36,496	$50,306	-0.3%
Net Income	$21,371	$5,878	+2.6%

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

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
Pete Kornack	Director	0.30	Director	$0	$0	$0
Greg Johnsman	Director	0.30	Director	$0	$0	$0
William Perry Hall	Director	0.30	Director	$0	$0	$0
Thomas Legare	Director	0.30	Director	$0	$0	$0
Zachary Snipes	YF&R Chair	0.30	Director	$0	$0	$0
Dannie Barteet	Director	0.30	Director	$0	$0	$0
Tommy Doyle	Director	0.30	Director	$0	$0	$0
Helen Legare-Floyd	Director	0.30	Director	$0	$0	$0
Oliver Freeman	Director	0.30	Director	$0	$0	$0
John H Smoak	Director	0.30	Director	$0	$0	$0
Harleston Towles	Director	0.30	Director	$0	$0	$0
Brian Ward	Director	0.30	Director	$0	$0	$0
Brian Wheat	Director	0.30	Director	$0	$0	$0
F Preston Wilson	Director	0.30	Director	$0	$0	$0
Adair McKoy IV	President	0.30	Officer	$0	$0	$0
Amy L Dabbs	Sec./Treasurer	0.30	Officer	$0	$0	$0
Jeff Massey	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	$57,867	$36,496	$902,581	$21,371
2022	$56,184	$50,306	$881,210	$5,878
2021	$61,708	$44,869	$875,332	$16,839
2020	$71,378	$51,983	$858,493	$19,395

Charleston County Farm Bureau