Polk County Farm BureauInc (EIN 590686513) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

Michael Matteson

Phone

8635330561

Tax Period

2023-07-01 to 2024-06-30

Polk County Farm BureauInc, founded in 1950, is a small nonprofit that reported $594K in total revenue in fiscal year 2023. Expenses of $545K left a modest 8% surplus.

Mission

To promote and protect the agriculture in Polk County. We are a Grassroots membership organization that works with local decision makers.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $253,120

Investment Income $18,703

Other Revenue $322,036

TOTAL REVENUE $593,859

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $283,393

Fundraising Expenses $0

Other Expenses $259,383

TOTAL EXPENSES $545,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,859	$572,445	+0.0%
Expenses	$545,276	$515,915	+0.1%
Net Income	$48,583	$56,530	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

710

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
Charles A Counter	Director	2	Director	$0	$0	$0
Kenneth DeVane	Director	2	Director	$0	$0	$0
Dean T Evans	Director	2	Director	$0	$0	$0
Nelson Kirkland	Director	2	Director	$0	$0	$0
Ed Lassiter	Director	2	Director	$0	$0	$0
Corby Myers	Treasurer	12	Officer	$0	$0	$0
Les W Dunson III	Director	2	Director	$0	$0	$0
David R Lawson Jr	Director	2	Director	$0	$0	$0
Christian Spinosa	VP	8	Officer	$0	$0	$0
Leigh Ann Wynn	Director	2	Director	$0	$0	$0
Matt Story	Director	2	Director	$0	$0	$0
Scarlett Jackson	Director	2	Director	$0	$0	$0
Michael Matteson	President	8	Officer	$0	$0	$0
John Strang	Director	2	Director	$0	$0	$0
Keith Walter	Director	2	Director	$0	$0	$0
Daniel Lanier	Secretary	6	Officer	$0	$0	$0
Kevin Updike	Director	2	Director	$0	$0	$0
Brett Costine	Director	2	Director	$0	$0	$0
Kateland Raney	Director	2	Director	$0	$0	$0
Robert Teston	Director	2	Director	$0	$0	$0
Larry Black	Director	2	Director	$0	$0	$0
Benjamin Putnam	Director	2	Director	$0	$0	$0
Kyle Story	Director	2	Director	$0	$0	$0
Laura Lee Taylor	Director	2	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	No data	No data	No data	No data
2024	$593,859	$545,276	$1,155,986	$48,583
2023	$572,445	$515,915	$969,727	$56,530
2022	$892,397	$571,894	$837,190	$320,503
2021	$515,922	$524,109	$587,093	$-8,187
2020	$532,436	$535,017	$513,163	$-2,581

Polk County Farm BureauInc