Lake County Farm BureauInc (EIN 590804885) - 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

Austin Spivey

Phone

3525084144

Tax Period

2023-07-01 to 2024-06-30

Lake County Farm BureauInc, founded in 1950, is a small nonprofit that reported $171K in total revenue in fiscal year 2023. Expenses of $165K left a modest 3% surplus.

Mission

To be the 'voice' of Lake County agriculture, to protect the economic well being of agricultural producers and to improve the quality of life in Lake 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $128,988

Investment Income $19,225

Other Revenue $22,378

TOTAL REVENUE $170,591

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $25,921

Fundraising Expenses $0

Other Expenses $136,930

TOTAL EXPENSES $164,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,591	$178,802	0.0%
Expenses	$164,851	$165,857	0.0%
Net Income	$5,740	$12,945	-0.6%

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
William F Baker III	Director	5	Director	$0	$0	$0
CE Norris	Director	5	Director	$0	$0	$0
Keith Truenow	Director	5	Director	$0	$0	$0
David S McDonald	Director	5	Director	$0	$0	$0
Daniel W Olson	Secretary	5	Officer	$0	$0	$0
William Benham	Treasurer	5	Officer	$0	$0	$0
David Hill	Director	5	Director	$0	$0	$0
Ryan Atwood	Director	5	Director	$0	$0	$0
Michael D Hill Jr	Director	5	Director	$0	$0	$0
Michael Graham	Director	5	Director	$0	$0	$0
Austin Spivey	President	15	Officer	$0	$0	$0
Kristopher Sutton	Director	5	Director	$0	$0	$0
Jeff Borysiewicz	Director	5	Director	$0	$0	$0
Matthew Griffin	Vice President	5	Officer	$0	$0	$0
Jonathan Germeroth	Director	5	Director	$0	$0	$0
Joseph Shook	Director	5	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	$170,591	$164,851	$693,390	$5,740
2023	$178,802	$165,857	$688,662	$12,945
2022	$152,558	$165,341	$676,176	$-12,783
2021	$171,421	$145,461	$687,047	$25,960
2020	$182,177	$157,895	$662,042	$24,282

Lake County Farm BureauInc