Okaloosa County Farm BureauInc (EIN 590997282) - 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

1968

Legal Domicile

Principal Officer

Keith L Free

Phone

8506823536

Tax Period

2023-07-01 to 2024-06-30

Okaloosa County Farm BureauInc, founded in 1968, is a small nonprofit that reported $356K in total revenue in fiscal year 2023. Expenses of $319K left a modest 10% surplus.

Mission

Working for the betterment of all agriculture and to increase the net income of farmers and ranchers as well as to improve the quality of rural life.

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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 $153,941

Investment Income $2,559

Other Revenue $199,455

TOTAL REVENUE $355,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,273

Fundraising Expenses $0

Other Expenses $176,457

TOTAL EXPENSES $318,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,955	$338,037	+0.1%
Expenses	$318,730	$311,597	+0.0%
Net Income	$37,225	$26,440	+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

305

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
Nick Marshall	Director	4	Director	$0	$0	$0
Shannon N Nixon	VP	5	Officer	$0	$0	$0
Keith L Free	President	5	Officer	$0	$0	$0
Gerald Edmondson	Sec/Treas	1.5	Officer	$0	$0	$0
Andrew Baber	Director	4	Director	$0	$0	$0
Joshua Lake	Director	4	Director	$0	$0	$0
Steve Wooten	Director	4	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	$355,955	$318,730	$570,357	$37,225
2023	$338,037	$311,597	$533,004	$26,440
2022	$295,878	$267,972	$506,530	$27,906
2021	$284,610	$249,712	$496,185	$34,898
2020	$294,185	$269,634	$443,464	$24,551

Okaloosa County Farm BureauInc