FLORIDA FARM BUREAU FEDERATION (EIN 590642950) - 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

1941

Legal Domicile

Principal Officer

JEB SMITH

Phone

3525485165

Tax Period

2023-07-01 to 2024-06-30

FLORIDA FARM BUREAU FEDERATION, founded in 1941, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 25% operating margin.

Mission

WE APPLY JOINT AND COLLECTIVE EFFORT AT THE COUNTY, STATE, AND NATIONAL LEVEL TO THE SOLUTION OF PROBLEMS OF AGRICULTURISTS AND RURAL COMMUNITIES IN ECONOMIC, EDUCATIONAL AND SOCIAL 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 (2023)

Revenue Breakdown

Contributions & Grants $955,342

Program Service Revenue $403,020

Investment Income $2,973,466

Other Revenue $6,891,757

TOTAL REVENUE $11,223,585

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $3,554,296

Fundraising Expenses $0

Other Expenses $4,804,494

TOTAL EXPENSES $8,383,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,223,585	$9,133,505	+0.2%
Expenses	$8,383,790	$6,860,412	+0.2%
Net Income	$2,839,795	$2,273,093	+0.2%

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

500

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

$185,476

Total Directors

$208,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAY ARCHEY	SECRETARY	3.00	Officer	$0	$0	$14,250
MARK BYRD	DIRECTOR	2.00	Director	$0	$0	$12,000
ADAM COOK	DIRECTOR	2.00	Director	$0	$0	$10,750
DANIELLE DAUM	DIRECTOR	2.00	Director	$0	$0	$12,125
JERRY DAVIS	DIRECTOR	2.00		$0	$0	$10,875
STEVEN DICKS	DIRECTOR	2.00	Director	$0	$0	$12,625
MICHAEL DOONER	TREASURER	3.00	Officer	$0	$0	$14,250
PAT DUANE	DIRECTOR	2.00	Director	$0	$0	$12,625
THOMAS FORD	DIRECTOR	2.00		$0	$0	$10,875
MATTHEW GONZALES	DIRECTOR	2.00	Director	$0	$0	$11,500
JEFFERY HAMRICK	DIRECTOR	2.00	Director	$0	$0	$1,000
KEN HARRISON	DIRECTOR	2.00	Director	$0	$0	$12,125
REED HARTMAN	DIRECTOR	2.00	Director	$0	$0	$12,250
VICTORIA REGISTER	DIRECTOR	2.00	Director	$0	$0	$11,875
STEVE JOHNSON	VICE PRESIDE	3.00	Officer	$0	$0	$15,000
ROD LAND	DIRECTOR	2.00		$0	$0	$11,625
KEVIN LUSSIER	DIRECTOR	2.00		$0	$0	$11,500
HENRY MCCRONE	DIRECTOR	2.00	Director	$0	$0	$12,250
RANDOLPH PADGETT	DIRECTOR	2.00	Director	$0	$0	$1,000
JEFF PITTMAN	DIRECTOR	2.00	Director	$0	$0	$11,125
GLENN RITCH	DIRECTOR	2.00	Director	$0	$0	$12,000
TYLER SHADRICK	DIRECTOR	2.00	Director	$0	$0	$750
MARK SODDERS	DIRECTOR	2.00	Director	$0	$0	$12,375
CHRISTIAN SPINOSA	DIRECTOR	2.00	Director	$0	$0	$12,250
JAMES SUTTON	DIRECTOR	2.00	Director	$0	$0	$12,000
BRETT WARD	DIRECTOR	2.00	Director	$0	$0	$1,000
DAN WEST	DIRECTOR	2.00	Director	$0	$0	$12,250
MARK WILSON	DIRECTOR	2.00	Director	$0	$0	$12,125
JEB SMITH	PRESIDENT	39.75	Officer	$0	$0	$141,976
STACI SIMS	COO	40.00	Highest	$169,813	$15,915	$185,728

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	No data	No data	No data	No data
2024	$11,223,585	$8,383,790	$58,928,549	$2,839,795
2023	$9,133,505	$6,860,412	$51,642,203	$2,273,093
2022	$7,899,262	$5,499,125	$45,105,998	$2,400,137
2021	$9,616,560	$7,051,387	$41,575,612	$2,565,173
2020	$7,659,536	$8,232,279	$36,257,244	$-572,743

FLORIDA FARM BUREAU FEDERATION