Beaufort County Farm Bureau (EIN 570484834) - 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

Daniel Lesesne

Phone

8039364676

Tax Period

2023-01-01 to 2023-12-31

Beaufort County Farm Bureau, founded in 1968, is a small nonprofit that reported $181K in total revenue in fiscal year 2023. Expenses of $161K left a modest 11% surplus.

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 $58,217

Program Service Revenue $716

Investment Income $5,194

Other Revenue $116,654

TOTAL REVENUE $180,781

Expense Breakdown

Grants Paid $2,750

Salaries & Benefits $94,548

Fundraising Expenses $0

Other Expenses $63,466

TOTAL EXPENSES $160,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,781	$171,247	+0.1%
Expenses	$160,764	$175,529	-0.1%
Net Income	$20,017	$-4,282	-5.7%

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
Lucia O'Farrell	Director	0.30	Director	$0	$0	$0
Ann Ackerman	Womens Com Chr	0.30	Director	$0	$0	$0
Louis Ackerman	Director	0.30	Director	$0	$0	$0
Laura Hansen	Womens Com. Chr	0.30	Director	$0	$0	$0
Meghan Barkley	YF&R Chair	0.30	Director	$0	$0	$0
Tommy Gay	Director	0.30	Director	$0	$0	$0
Luke Inabinett	Director	0.30	Director	$0	$0	$0
Russell Mixson	Director	0.30	Director	$0	$0	$0
Alan Ulmer Jr	Leg. Comm Chair	0.30	Director	$0	$0	$0
Ronald Stanley	Director	0.30	Director	$0	$0	$0
Charles Ulmer	Director	0.30	Director	$0	$0	$0
Urbie West	Membership Chr	0.30	Director	$0	$0	$0
Daniel Lesesne	President	0.30	Officer	$0	$0	$0
Claude McLeod Jr	Vice President	0.30	Officer	$0	$0	$0
Louis Ackerman III	Secretary	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	$180,781	$160,764	$548,536	$20,017
2022	$171,247	$175,529	$527,022	$-4,282
2021	$174,169	$170,241	$531,304	$3,928
2020	$170,683	$153,611	$527,350	$17,072

Beaufort County Farm Bureau