SOUTH CAROLINA FARM BUREAU EDUCATI… - 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

1981

Legal Domicile

Principal Officer

ERIC SEYMOUR

Phone

8039364243

Tax Period

2024-08-01 to 2025-07-31

SOUTH CAROLINA FARM BUREAU EDUCATIONAL FOUNDATION, founded in 1981, is a micro nonprofit that reported $60K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $69K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE SCHOLARSHIP FUNDS FOR ASSISTANCE TO PERSONS PURSUING A HIGHER EDUCATION DEGREE IN THE FIELD OF AGRICULTURE OR AN AGRICULTURE RELATED FIELD.

Program Service Accomplishments

Program 1

Expenses: $63,980

THE SOUTH CAROLINA FARM BUREAU FEDERATION EDUCATIONAL FOUNDATION AWARDS SCHOLARSHIPS TO RISING COLLEGE SOPHOMORES, JUNIORS, AND SENIORS ON THE BASIS OF CHARACTER, DEMONSTRATED LEADERSHIP ABILITIES...

THE SOUTH CAROLINA FARM BUREAU FEDERATION EDUCATIONAL FOUNDATION AWARDS SCHOLARSHIPS TO RISING COLLEGE SOPHOMORES, JUNIORS, AND SENIORS ON THE BASIS OF CHARACTER, DEMONSTRATED LEADERSHIP ABILITIES, AND DEDICATION TO AGRICULTURE OR RELATED FIELDS.

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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 $48,435

Program Service Revenue $0

Investment Income $10,194

Other Revenue $879

TOTAL REVENUE $59,508

Expense Breakdown

Grants Paid $63,980

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,980

Other Expenses $5,082

TOTAL EXPENSES $69,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,508	$42,582	+0.4%
Expenses	$69,062	$51,469	+0.3%
Net Income	$-9,554	$-8,887	+0.1%

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

$473,437

Total Directors

$13,810

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH ALLEN	DIRECTOR	0.25	Director	$0	$0	$2,215
TIM DONALD	DIRECTOR	0.25	Director	$0	$0	$1,995
RALEIGH WARD	DIRECTOR	0.25	Director	$0	$0	$2,295
BOB YODER	DIRECTOR	0.25	Director	$0	$0	$1,905
WESLEY ULMER	DIRECTOR	0.25	Director	$0	$0	$1,490
DOUG STEWART	DIRECTOR	0.25	Director	$0	$0	$1,180
TIMMY BENTON	DIRECTOR	0.25	Director	$0	$0	$1,300
DONNIE WAKEFIELD	DIRECTOR	0.25	Director	$0	$0	$1,430
HARRY OTT	PRESIDENT	0.25	Officer	$0	$23,099	$308,911
ERIC SEYMOUR	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$17,624	$164,526

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	$59,508	$69,062	$570,825	$-9,554
2024	$42,582	$51,469	$544,258	$-8,887
2023	$43,561	$37,791	$514,816	$5,770

SOUTH CAROLINA FARM BUREAU EDUCATIONAL FOUNDATION