SOUTH CAROLINA FARM BUREAU FEDERATION (EIN 570473090) - 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

1944

Legal Domicile

Principal Officer

ERIC SEYMOUR

Phone

8039364243

Tax Period

2023-08-01 to 2024-07-31

SOUTH CAROLINA FARM BUREAU FEDERATION, founded in 1944, is a mid-sized nonprofit that reported $10.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 25% operating margin.

Mission

TO PROMOTE AGRICULTURAL INTERESTS IN THE STATE OF SC AND OPTIMIZE THE LIVES OF THOSE INVOLVED IN AGRICULTURE.

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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 $0

Program Service Revenue $2,018,853

Investment Income $1,785,963

Other Revenue $6,400,281

TOTAL REVENUE $10,205,097

Expense Breakdown

Grants Paid $145,055

Salaries & Benefits $2,949,482

Fundraising Expenses $0

Other Expenses $4,541,687

TOTAL EXPENSES $7,636,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,205,097	$8,359,176	+0.2%
Expenses	$7,636,224	$7,099,208	+0.1%
Net Income	$2,568,873	$1,259,968	+1.0%

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

450

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

$510,804

Total Directors

$351,203

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SQUIRES	BOARD MEMBER	0.30	Director	$625	$0	$625
FRANK MCLEOD	BOARD MEMBER	0.30	Director	$625	$0	$625
GEORGE BRYANT	BOARD MEMBER	0.30	Director	$625	$0	$625
GUY RAMSEY IV	BOARD MEMBER	0.30	Director	$625	$0	$625
AARON WOOD	BOARD MEMBER	0.30	Director	$0	$0	$0
ALAN ULMER	BOARD MEMBER	0.30	Director	$0	$0	$0
ALLEN OWENS	BOARD MEMBER	0.30	Director	$0	$0	$0
BO NORRIS	BOARD MEMBER	0.30	Director	$0	$0	$0
C B PLAYER III	BOARD MEMBER	0.30	Director	$0	$0	$0
CLARK BURROWS	BOARD MEMBER	0.30	Director	$0	$0	$0
CULLEN BRYANT	BOARD MEMBER	0.30	Director	$0	$0	$0
DAVIS CALHOUN	BOARD MEMBER	0.30	Director	$0	$0	$0
DEAN HUTTO	BOARD MEMBER	0.30	Director	$0	$0	$0
SABIE CATHCART	BOARD MEMBER	0.30	Director	$625	$0	$625
GARY YOUMANS	BOARD MEMBER	0.30	Director	$0	$0	$0
HARRY DUPREE	BOARD MEMBER	0.30	Director	$0	$0	$0
JOE ALVIN DERRICK	BOARD MEMBER	0.30	Director	$0	$0	$0
JOSEPH C OSWALD III	BOARD MEMBER	0.30	Director	$0	$0	$0
KEITH ULMER	BOARD MEMBER	0.30	Director	$0	$0	$0
MARGO HUGGINS	BOARD MEMBER	0.30	Director	$0	$0	$0
MARTY BOWERS	BOARD MEMBER	0.30	Director	$0	$0	$0
MIKE SHIRER	BOARD MEMBER	0.30	Director	$0	$0	$0
NEAL BAXLEY	BOARD MEMBER	0.30	Director	$0	$0	$0
RICHARD FLOYD	BOARD MEMBER	0.30	Director	$0	$0	$0
RODNEY QUATTLEBAUM	BOARD MEMBER	0.30	Director	$0	$0	$0
RUSTY DARBY	BOARD MEMBER	0.30	Director	$0	$0	$0
SCOTT CROXTON	BOARD MEMBER	0.30	Director	$0	$0	$0
TED COLEMAN	BOARD MEMBER	0.30	Director	$0	$0	$0
GREG JOHNSMAN	BOARD MEMBER	0.30	Director	$0	$0	$0
JOEY LEMMONS	BOARD MEMBER	0.30	Director	$625	$0	$625
HENRY HERNDON	BOARD MEMBER	0.30	Director	$625	$0	$625
DALE WILSON	BOARD MEMBER	0.30	Director	$625	$0	$625
ANDY WHITEN	BOARD MEMBER	0.30	Director	$1,375	$0	$1,375
CHARLES BRIGMAN	BOARD MEMBER	0.30	Director	$1,250	$0	$1,250
THOMAS DAILEY	BOARD MEMBER	0.30	Director	$1,250	$0	$1,250
WALTON CALHOUN	BOARD MEMBER	0.30	Director	$1,250	$0	$1,250
WENDELL BROCKMAN JR	BOARD MEMBER	0.30	Director	$0	$0	$0
CHARLES WINGARD	BOARD MEMBER	0.30	Director	$1,185	$0	$1,185
JOHN FOGLE	BOARD MEMBER	0.30	Director	$1,250	$0	$1,250
WILLIAM KIRVEN IV	BOARD MEMBER	0.30	Director	$0	$0	$0
TED WENTZKY	BOARD MEMBER	0.30	Director	$1,000	$0	$1,000
CECIL EADDY	BOARD MEMBER	0.30	Director	$1,000	$0	$1,000
CHRIS TALLEY	BOARD MEMBER	0.30	Director	$1,000	$0	$1,000
MARCUS GERALD	BOARD MEMBER	0.30	Director	$1,000	$0	$1,000
JIMMIE LEE SHAW	BOARD MEMBER	0.30	Director	$750	$0	$750
MICHAEL GRIER	BOARD MEMBER	0.30	Director	$1,000	$0	$1,000
EDDY ELLISON	BOARD MEMBER	0.30	Director	$750	$0	$750
PINCKNEY MURRAY	BOARD MEMBER	0.30	Director	$750	$0	$750
MEGAN FLOYD	BOARD MEMBER	0.30	Director	$875	$0	$875
HARRY OTT	PRESIDENT	40.00	Officer Director	$247,233	$72,480	$319,713
RALEIGH WARD	PEE DEE DISTRICT VP/SECRETARY	1.30	Officer Director	$1,500	$0	$1,500
TIM DONALD	PIEDMONT DISTRICT VP/TREASURER	1.30	Officer Director	$1,750	$0	$1,750
TIMMY BENTON	COASTAL DISTRICT 1ST VP	1.30	Officer Director	$1,060	$0	$1,060
DONNIE WAKEFIELD	CENTRAL DISTRICT VP	1.30	Officer Director	$935	$0	$935
ROBERT YODER JR	CENTRAL DISTRICT VP	1.30	Officer Director	$1,250	$0	$1,250
WESLEY ULMER	COASTAL DISTRICT 2ND VP	1.30	Officer Director	$1,185	$0	$1,185
KEITH ALLEN	PEE DEE DISTRICT VP	1.30	Officer Director	$2,000	$0	$2,000
DOUG STEWART	PIEDMONT DISTRICT VP	1.30	Officer Director	$1,125	$0	$1,125
ERIC SEYMOUR	CHIEF FINANCIAL OFFICER	40.00	Officer	$133,583	$46,703	$180,286
LARRY MCKENZIE	DIVISION DIRECTOR	40.00	Highest	$129,928	$7,695	$137,623
GARY SPIRES	EXECUTIVE DIRECTOR	40.00	Highest	$199,783	$107,025	$306,808
MICHAEL WRIGHT	DIVISION DIRECTOR	40.00	Highest	$166,736	$33,010	$199,746
THOMPSON SMITH	DIRECTOR	40.00	Highest	$126,033	$63,752	$189,785
RICHARD CALDWELL	ASSOCIATE DIRECTOR	40.00	Highest	$138,639	$5,510	$144,149

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	$10,205,097	$7,636,224	$58,716,516	$2,568,873
2023	$8,359,176	$7,099,208	$52,377,488	$1,259,968
2022	$8,389,321	$4,337,799	$49,027,998	$4,051,522
2021	$8,239,194	$5,123,074	$51,878,681	$3,116,120
2020	$7,800,097	$8,406,416	$45,301,425	$-606,319
2019	$8,767,160	$7,059,405	$42,390,065	$1,707,755
2019	$8,767,160	$7,059,405	$42,390,065	$1,707,755
2018	$8,004,621	$5,324,907	$40,747,574	$2,679,714

SOUTH CAROLINA FARM BUREAU FEDERATION