SOUTH CAROLINA FARM BUREAU FEDERAT… - Form 990 Financial Data

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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

2024-08-01 to 2025-07-31

SOUTH CAROLINA FARM BUREAU FEDERATION, founded in 1944, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 24% operating margin.

Mission

THE SC FARM BUREAU FEDERATION IS A STATEWIDE ORGANIZATION THAT BRINGS TOGETHER FARMERS, RANCHERS, ENTREPRENEURS, AGRIBUSINESS PROFESSIONALS AND FOOD ENTHUSIASTS TO STRENGTHEN THE FUTURE OF AGRICULTURE IN SOUTH CAROLINA. WE INFORM LAWMAKERS ABOUT THE IMPACT OF POLICIES, TRAIN YOUNG FARMERS, AND HELP EDUCATE TEACHERS AND STUDENTS ABOUT AGRICULTURE. THROUGH OUR COLLECTIVE EFFORTS, THE FEDERATION ADVANCES FAMILY FARMS, LOCALLY GROWN FOOD, AND RURAL SOUTH CAROLINA.

Program Service Accomplishments

Program 1

THE FEDERATION PROVIDES A VEHICLE FOR FARMERS TO WORK TOGETHER TO DEVELOP UNIFIED POLICIES TO FEATURE AGRICULTURAL ACHIEVEMENTS AND PROMOTE OPPORTUNITIES FOR OUR MEMBERS TO COME TOGETHER AND SHARE...

THE FEDERATION PROVIDES A VEHICLE FOR FARMERS TO WORK TOGETHER TO DEVELOP UNIFIED POLICIES TO FEATURE AGRICULTURAL ACHIEVEMENTS AND PROMOTE OPPORTUNITIES FOR OUR MEMBERS TO COME TOGETHER AND SHARE AGRICULTURAL EXPERIENCES, PROVIDE EDUCATIONAL CLASSES AND PROMOTE FELLOWSHIP AMONGST MEMBERS AND THEIR FAMILIES.

Program 2

YOUNG FARMERS & RANCHERS - PROVIDE SUPPORT FOR YOUNG FARMERS AND THEIR FAMILIES BY PROVIDING PROGRAMS AND ACTIVITIES FOR EDUCATION, LEADERSHIP DEVELOPMENT AND ADVOCACY.

Program 3

PROVIDE OPPORTUNITY FOR MEMBERS TO ENGAGE WITH LEGISLATORS ON A GRASSROOTS LEVEL AND ADVOCATE FOR POLICIES IN SUPPORT OF SOUTH CAROLINA 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,946,574

Investment Income $2,345,342

Other Revenue $6,864,797

TOTAL REVENUE $11,156,713

Expense Breakdown

Grants Paid $145,055

Salaries & Benefits $3,272,330

Fundraising Expenses $0

Other Expenses $5,082,813

TOTAL EXPENSES $8,500,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,156,713	$10,205,097	+0.1%
Expenses	$8,500,198	$7,636,224	+0.1%
Net Income	$2,656,515	$2,568,873	+0.0%

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

$487,247

Total Directors

$354,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE PORTH	BOARD MEMBER	0.30	Director	$1,285	$0	$1,285
LOREN LINDLER	BOARD MEMBER	0.30	Director	$610	$0	$610
JAMES A SCOTT	BOARD MEMBER	0.30	Director	$625	$0	$625
CHARLES WHITEN	BOARD MEMBER	0.30	Director	$625	$0	$625
AARON WOOD	BOARD MEMBER	0.30	Director	$625	$0	$625
HEATH WILSON	BOARD MEMBER	0.30	Director	$1,310	$0	$1,310
ALLEN OWENS	BOARD MEMBER	0.30	Director	$625	$0	$625
GERALD BRELAND JR	BOARD MEMBER	0.30	Director	$625	$0	$625
EDWARD EVANS	BOARD MEMBER	0.30	Director	$1,035	$0	$1,035
KEVIN SATTERWHITE	BOARD MEMBER	0.30	Director	$750	$0	$750
JOHN HANSFORD HUTTO	BOARD MEMBER	0.30	Director	$625	$0	$625
JOSHUA BAXLEY	BOARD MEMBER	0.30	Director	$695	$0	$695
CAROLYN BOYD	BOARD MEMBER	0.30	Director	$785	$0	$785
ANGEL BRABHAM	BOARD MEMBER	0.30	Director	$785	$0	$785
MARILYN EASTER	BOARD MEMBER	0.30	Director	$1,020	$0	$1,020
SARA HUTTO	BOARD MEMBER	0.30	Director	$785	$0	$785
LINDA SMITH	BOARD MEMBER	0.30	Director	$785	$0	$785
TRACY WOODARD	BOARD MEMBER	0.30	Director	$1,660	$0	$1,660
JASON CAREY	BOARD MEMBER	0.30	Director	$625	$0	$625
WILLIAM COLEMAN	BOARD MEMBER	0.30	Director	$875	$0	$875
ELLIE WOODY GREEN JR	BOARD MEMBER	0.30	Director	$750	$0	$750
SALLY HARRISON	BOARD MEMBER	0.30	Director	$625	$0	$625
TIM HENDRICKS	BOARD MEMBER	0.30	Director	$625	$0	$625
ROBERT HUNTER	BOARD MEMBER	0.30	Director	$625	$0	$625
BRANDON MYERS	BOARD MEMBER	0.30	Director	$1,250	$0	$1,250
DALE WILSON	BOARD MEMBER	0.30	Director	$625	$0	$625
CHARLES BRIGMAN	BOARD MEMBER	0.30	Director	$875	$0	$875
THOMAS DAILEY	BOARD MEMBER	0.30	Director	$1,125	$0	$1,125
CHARLES WINGARD	BOARD MEMBER	0.30	Director	$1,125	$0	$1,125
JOHN FOGLE	BOARD MEMBER	0.30	Director	$1,000	$0	$1,000
TED WENTZKY	BOARD MEMBER	0.30	Director	$750	$0	$750
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	$625	$0	$625
MICHAEL GRIER	BOARD MEMBER	0.30	Director	$875	$0	$875
EDDY ELLISON	BOARD MEMBER	0.30	Director	$750	$0	$750
PINCKNEY MURRAY	BOARD MEMBER	0.30	Director	$875	$0	$875
MEGAN FLOYD	BOARD MEMBER	0.30	Director	$625	$0	$625
HARRY OTT	PRESIDENT	40.00	Officer Director	$285,812	$23,099	$308,911
RALEIGH WARD	PEE DEE DISTRICT VP/SECRETARY	1.30	Officer Director	$2,295	$0	$2,295
TIM DONALD	PIEDMONT DISTRICT VP/TREASURER	1.30	Officer Director	$1,995	$0	$1,995
IRVING TIMOTHY BENTON	COASTAL DISTRICT 1ST VP	1.30	Officer Director	$1,300	$0	$1,300
DONNIE WAKEFIELD	CENTRAL DISTRICT 1ST VP	1.30	Officer Director	$1,430	$0	$1,430
COREY W ULMER	CENTRAL DISTRICT VP	1.30	Officer Director	$1,490	$0	$1,490
ROBERT YODER JR	COASTAL DISTRICT 2ND VP	1.30	Officer Director	$1,905	$0	$1,905
KEITH ALLEN	PEE DEE DISTRICT VP	1.30	Officer Director	$2,215	$0	$2,215
DOUG STEWART	PIEDMONT DISTRICT VP	1.30	Officer Director	$1,180	$0	$1,180
ERIC SEYMOUR	CHIEF FINANCIAL OFFICER	40.00	Officer	$146,902	$17,624	$164,526
GARY SPIRES	EXECUTIVE DIRECTOR	40.00	Highest	$215,246	$28,584	$243,830
MICHAEL WRIGHT	DIVISION DIRECTOR	40.00	Highest	$172,882	$39,635	$212,517
THOMPSON SMITH	DIRECTOR	40.00	Highest	$130,951	$17,572	$148,523
RICHARD CALDWELL	ASSOCIATE DIRECTOR	40.00	Highest	$148,042	$5,693	$153,735
JASON DAVISON	DIVISION DIRECTOR	40.00	Highest	$142,742	$11,272	$154,014

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	$11,156,713	$8,500,198	$66,731,013	$2,656,515
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