FLORIDA FARM BUREAU SCHOLARSHIP FUND INC (EIN 591662473) - 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

1975

Legal Domicile

Principal Officer

JEB SMITH

Phone

3525485165

Tax Period

2022-07-01 to 2023-06-30

FLORIDA FARM BUREAU SCHOLARSHIP FUND INC, founded in 1975, is a micro nonprofit that reported $29K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $35K exceeded revenue, resulting in a 22% operating deficit.

Mission

PROMOTE AGRICULTURAL EDUCATION AND ENVIRONMENTAL CONSERVATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $28,769

Program Service Revenue $0

Investment Income $40

Other Revenue $0

TOTAL REVENUE $28,809

Expense Breakdown

Grants Paid $28,418

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,113

Other Expenses $6,756

TOTAL EXPENSES $35,174

Year-over-Year Comparison

	2022	2021	Change
Revenue	$28,809	$30,912	-0.1%
Expenses	$35,174	$25,521	+0.4%
Net Income	$-6,365	$5,391	-2.2%

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

N/A

Volunteers

117

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

$161,023

Total Directors

$205,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAY ARCHEY	SECRETARY	0.25	Officer	$0	$0	$12,500
RYAN ARMSTRONG	DIRECTOR	0.25		$0	$0	$10,875
MARK BYRD	DIRECTOR	0.25	Director	$0	$0	$13,875
ADAM COOK	DIRECTOR	0.25	Director	$0	$0	$10,750
DANIELLE DAUM	DIRECTOR	0.25	Director	$0	$0	$12,375
JERRY DAVIS	DIRECTOR	0.25	Director	$0	$0	$10,125
JON DEAS	DIRECTOR	0.25		$0	$0	$11,250
STEVEN DICKS	DIRECTOR	0.25	Director	$0	$0	$1,000
MICHAEL DOONER	TREASURER	0.25	Officer	$0	$0	$10,250
PAT DUANE	DIRECTOR	0.25	Director	$0	$0	$12,875
THOMAS FORD	DIRECTOR	0.25	Director	$0	$0	$11,375
KEN HARRISON	DIRECTOR	0.25	Director	$0	$0	$11,625
REED HARTMAN	DIRECTOR	0.25	Director	$0	$0	$1,000
VICTORIA HUNTER	DIRECTOR	0.25	Director	$0	$0	$11,000
STEVE JOHNSON	VICE PRESIDE	0.25	Officer	$0	$0	$14,500
ROD LAND	DIRECTOR	0.25	Director	$0	$0	$12,750
JACOB LARSON	DIRECTOR	0.25		$0	$0	$11,500
KEVIN LUSSIER	DIRECTOR	0.25	Director	$0	$0	$11,750
HENRY MCCRONE	DIRECTOR	0.25	Director	$0	$0	$11,500
JEFF PITTMAN	DIRECTOR	0.25	Director	$0	$0	$11,750
GLENN RITCH	DIRECTOR	0.25	Director	$0	$0	$1,000
MARK SODDERS	DIRECTOR	0.25	Director	$0	$0	$12,500
CHRISTIAN SPINOSA	DIRECTOR	0.25	Director	$0	$0	$12,250
JAMES SUTTON	DIRECTOR	0.25	Director	$0	$0	$11,625
DAN WEST	DIRECTOR	0.25	Director	$0	$0	$12,125
MARK WILSON	DIRECTOR	0.25	Director	$0	$0	$12,500
JEB SMITH	PRESIDENT	0.25	Officer	$0	$0	$123,773

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	No data	No data	No data	No data
2023	$28,809	$35,174	$73,567	$-6,365
2022	$30,912	$25,521	$79,934	$5,391
2021	$29,694	$21,017	$74,543	$8,677
2020	$12,531	$15,278	$68,366	$-2,747

FLORIDA FARM BUREAU SCHOLARSHIP FUND INC