HernandoCitrus County Farm Bureau

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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

1952

Legal Domicile

Principal Officer

Matt Reichenbach

Phone

3527962526

Tax Period

2023-07-01 to 2024-06-30

HernandoCitrus County Farm Bureau, founded in 1952, is a small nonprofit that reported $309K in total revenue in fiscal year 2023.

Mission

Promote, protect and represent educational, social and business interest of farmers of the two county area and to enhance the future of agriculture.

Program Service Accomplishments

Program 1

We support our 4-H and FFA students throughout the year. We provide scholarships to High School Seniors and assist students showing and selling their projects at the fair. We also support the 4-H...

We support our 4-H and FFA students throughout the year. We provide scholarships to High School Seniors and assist students showing and selling their projects at the fair. We also support the 4-H Livestock Judging Team which exposes students to agriculture and the livestock industry. The program enables youth to develop decision-making, evaluating, and communication skills for the appropriate selection of the livestock species: beef cattle, and swine.

Program 2

We participated in Ag Literacy week. The purpose of this event is to highlight agriculture education. Volunteers read an age appropriate agricultural theme book to students to increase their...

We participated in Ag Literacy week. The purpose of this event is to highlight agriculture education. Volunteers read an age appropriate agricultural theme book to students to increase their knowledge of agriculture. Students and teacher may also receive hands-on lessons which help reinforce what they learned about a specific commodity.

Program 3

Hernando-Citrus County Farm Bureau provided mini-grants to teachers to assist with their agricultural program. Teachers submit an application explaining how they will incorporate agriculture into...

Hernando-Citrus County Farm Bureau provided mini-grants to teachers to assist with their agricultural program. Teachers submit an application explaining how they will incorporate agriculture into their curriculum. These grants help bring awareness and understanding of agriculture amoung students and teachers.

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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 $139,109

Investment Income $4,590

Other Revenue $165,651

TOTAL REVENUE $309,350

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $169,563

Fundraising Expenses $0

Other Expenses $135,250

TOTAL EXPENSES $305,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$309,350	$311,095	0.0%
Expenses	$305,813	$295,807	+0.0%
Net Income	$3,537	$15,288	-0.8%

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

125

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
Reid Sellers	Director	.5	Director	$0	$0	$0
Blake Hunnicutt	Director	.5	Director	$0	$0	$0
William R Sellers	Director	.5	Director	$0	$0	$0
Sam Sikes	Director	.5	Director	$0	$0	$0
John L Thomas	Director	.5	Director	$0	$0	$0
Colson Cannon	Director	.5	Director	$0	$0	$0
Clinton Collins	Director	.5	Director	$0	$0	$0
Clay Cooper	Vice President	.5	Officer	$0	$0	$0
Matt Reichenbach	President	1	Officer	$0	$0	$0
Martha Moen	Sec/Treasurer	.5	Officer	$0	$0	$0
Jason Duval	Director	.5	Director	$0	$0	$0
Valerie Ansell	Director	.5	Director	$0	$0	$0
Tammy Hinkle	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	$309,350	$305,813	$359,020	$3,537
2023	$311,095	$295,807	$356,729	$15,288
2022	$278,741	$306,304	$340,323	$-27,563
2021	$311,443	$299,112	$367,047	$12,331
2020	$323,740	$331,717	$354,619	$-7,977