Palm Beach County Farm Bureau (EIN 590723473) - 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

Colin Friedrich

Phone

5614985200

Tax Period

2023-07-01 to 2024-06-30

Palm Beach County Farm Bureau, founded in 1950, is a small nonprofit that reported $240K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $216K left a modest 10% surplus.

Mission

Promote educational opportunities and events for our local communities that highlight benefits of Palm Beach county agriculture regarding food security, economic impacts adn environmental stewardship.

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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 $0

Program Service Revenue $99,076

Investment Income $555

Other Revenue $140,274

TOTAL REVENUE $239,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,760

Fundraising Expenses $0

Other Expenses $112,751

TOTAL EXPENSES $215,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,905	$263,438	-0.1%
Expenses	$215,511	$232,919	-0.1%
Net Income	$24,394	$30,519	-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

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
Jessica Clasby	Vice President	3	Officer	$0	$0	$0
Laura Bloom	Treasurer	17	Officer	$0	$0	$0
Colin Friedrich	President	2.5	Officer	$0	$0	$0
Matt Rhineholz	Secretary	2.5	Officer	$0	$0	$0
Ron Rice	Director	2	Director	$0	$0	$0
Ricky Reitz	Director	2	Director	$0	$0	$0
Cindy Griffin	Director	2	Director	$0	$0	$0
Jimmy Alderman	Director	2	Director	$0	$0	$0
David Johnson	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	$239,905	$215,511	$383,870	$24,394
2023	$263,438	$232,919	$359,616	$30,519
2022	$244,321	$226,742	$329,117	$17,579
2021	$248,295	$224,138	$311,412	$24,157
2020	$254,239	$243,529	$287,255	$10,710

Palm Beach County Farm Bureau