Hillsborough County Farm BureauInc (EIN 590730009) - 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

1958

Legal Domicile

Principal Officer

Dennis Carlton Jr

Phone

8136859121

Tax Period

2023-07-01 to 2024-06-30

Hillsborough County Farm BureauInc, founded in 1958, is a small nonprofit that reported $270K in total revenue in fiscal year 2023. Expenses of $239K left a modest 11% surplus.

Mission

To protect the economic well being of agricultural producers, educate the community for a better understanding of agriculture & improve the quality of life in Hillsborough Co.

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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 $244,455

Investment Income $7,458

Other Revenue $17,686

TOTAL REVENUE $269,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,913

Fundraising Expenses $0

Other Expenses $173,291

TOTAL EXPENSES $239,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,599	$260,176	+0.0%
Expenses	$239,204	$238,698	+0.0%
Net Income	$30,395	$21,478	+0.4%

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

900

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
Jake Cremer	Director	2	Director	$0	$0	$0
Tiffany Dale	Director	2	Director	$0	$0	$0
Michelle Williamson	Director	2	Director	$0	$0	$0
Carl Bauman	Director	2	Director	$0	$0	$0
Dennis Carlton Jr	President	10	Officer	$0	$0	$0
Travis Council	Director	2	Director	$0	$0	$0
Brittany Colemen	Director	2	Director	$0	$0	$0
Drew Futch	Director	2	Director	$0	$0	$0
Madison A Salter	Secretary	3	Officer	$0	$0	$0
Casey Runkles	VP	3	Officer	$0	$0	$0
Clay Joyner	Treasurer	5	Officer	$0	$0	$0
Tommy Hubble	Director	2	Director	$0	$0	$0
John Bertram	Director	2	Director	$0	$0	$0
Steve Neely	Director	2	Director	$0	$0	$0
Jim Romkey	Director	2	Director	$0	$0	$0
Brian Shoop	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	$269,599	$239,204	$724,145	$30,395
2023	$260,176	$238,698	$683,264	$21,478
2022	$232,467	$245,446	$655,781	$-12,979
2021	$229,236	$223,254	$695,032	$5,982
2020	$241,724	$228,881	$660,866	$12,843

Hillsborough County Farm BureauInc