Clay County Farm Bureau Inc (EIN 596177719) - 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

1954

Legal Domicile

Principal Officer

Gayward Hendry

Phone

9042820644

Tax Period

2023-07-01 to 2024-06-30

Clay County Farm Bureau Inc, founded in 1954, is a small nonprofit that reported $474K in total revenue in fiscal year 2023. Net assets of $1.5M represent 37 months of operating reserves.

Mission

To promote agriculture in our community through education, sponsorship of ag-related events, hosting farm tours & involvement with county fair activities.

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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 $197,062

Investment Income $3,605

Other Revenue $273,571

TOTAL REVENUE $474,238

Expense Breakdown

Grants Paid $18,500

Salaries & Benefits $203,973

Fundraising Expenses $0

Other Expenses $253,065

TOTAL EXPENSES $475,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$474,238	$489,101	0.0%
Expenses	$475,538	$440,199	+0.1%
Net Income	$-1,300	$48,902	-1.0%

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

425

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
Josh Farley	Director	5	Director	$0	$0	$0
Eugene Hickey	Director	5	Director	$0	$0	$0
Randolph Padgett	Director	5	Director	$0	$0	$0
Kelly Mosley	Director	5	Director	$0	$0	$0
Damian Stewart	Director	5	Director	$0	$0	$0
Gayward Hendry	President	20	Officer	$0	$0	$0
Norma J Parrish	Secretary	10	Officer	$0	$0	$0
Joseph M Davis	Director	5	Director	$0	$0	$0
Matthew Hickey	VP	1	Officer	$0	$0	$0
Michael Rathjen	Director	5	Director	$0	$0	$0
Thelton M Goff	Director	5	Director	$0	$0	$0
Gavin Middleton	Director	5	Director	$0	$0	$0
Annie Wallau	Director	5	Director	$0	$0	$0
Billy Whitman	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	$474,238	$475,538	$1,487,074	$-1,300
2023	$489,101	$440,199	$1,488,537	$48,902
2022	$401,632	$408,478	$1,442,322	$-6,846
2021	$418,478	$383,329	$1,449,390	$35,149
2020	$464,210	$449,698	$1,407,526	$14,512

Clay County Farm Bureau Inc