Gadsden County Farm Bureau Inc (EIN 590610526) - 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

1950

Legal Domicile

Principal Officer

Lawson Taylor

Phone

8506277196

Tax Period

2024-07-01 to 2025-06-30

Gadsden County Farm Bureau Inc, founded in 1950, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. Net assets of $556K represent 27 months of operating reserves.

Mission

To foster and encourage efficient and progressive agriculture in our county.

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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 $94,893

Investment Income $13,624

Other Revenue $141,553

TOTAL REVENUE $250,070

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $125,541

Fundraising Expenses $0

Other Expenses $128,127

TOTAL EXPENSES $255,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,070	$250,000	+0.0%
Expenses	$255,668	$220,512	+0.2%
Net Income	$-5,598	$29,488	-1.2%

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
Virgil Butler	Director	1	Director	$0	$0	$0
David D Clark Jr	Treasurer	1	Officer	$0	$0	$0
Michael J Dooner	Director	1	Director	$0	$0	$0
Patrick B Durden	Director	1	Director	$0	$0	$0
Fountain May Jr	Director	1	Director	$0	$0	$0
Lawson Taylor	President	4	Officer	$0	$0	$0
Ashley May	Vice President	1	Officer	$0	$0	$0
Gary Davis	Secretary	1	Officer	$0	$0	$0
Robert Presnell	Director	1	Director	$0	$0	$0
Jeffrey Davis	Director	1	Director	$0	$0	$0
Stephen Olson	Director	1	Director	$0	$0	$0
John Dooner	Director	1	Director	$0	$0	$0
Grayson Johnson	Director	1	Director	$0	$0	$0
Sam Timmons	Director	1	Director	$0	$0	$0
Jimmy Harris	Director	1	Director	$0	$0	$0
Joseph Hackney	Director	1	Director	$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
2025	$250,070	$255,668	$558,520	$-5,598
2024	$250,000	$220,512	$563,680	$29,488
2023	$255,353	$203,419	$533,785	$51,934
2022	$220,674	$202,528	$482,701	$18,146
2021	$228,882	$189,135	$463,935	$39,747
2020	$223,390	$191,812	$423,880	$31,578

Gadsden County Farm Bureau Inc