NELSON CO FARM BUREAU FEDERATION

EIN: 610429293

BARDSTOWN, KY

Total Revenue
$203,611
Total Expenses
$178,397
Total Assets
$1,118,297
Net Assets
$1,118,297
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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
1938
Legal Domicile
KY
Principal Officer
James Monin
Phone
5023488446
Tax Period
2023-10-01 to 2024-09-30

NELSON CO FARM BUREAU FEDERATION, founded in 1938, is a small nonprofit that reported $204K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $178K left a modest 12% surplus.

Mission

Promote welfare and the improvement of farming in Nelson County and its surrounding area.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $75,494
Program Service Revenue $0
Investment Income $640
Other Revenue $127,477
TOTAL REVENUE $203,611

Expense Breakdown

Grants Paid $36,863
Salaries & Benefits $10,722
Fundraising Expenses $0
Other Expenses $130,812
TOTAL EXPENSES $178,397

Year-over-Year Comparison

2023 2022 Change
Revenue $203,611 $188,460 +0.1%
Expenses $178,397 $220,019 -0.2%
Net Income $25,214 $-31,559 -1.8%
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

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Governance

Voting Members
35
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
32
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Larry Schenck President 006.00
Officer Director
$0 $0 $0
Andrea Moran Vice President 003.00
Officer Director
$0 $0 $0
Nancy Miller Secretary/Treasurer 003.00
Officer Director
$0 $0 $0
David Williams Agency Manager 003.00
Director
$0 $0 $0
Jay Allen Agency Manager 003.00
Director
$0 $0 $0
Brent Smith Agency Manager 003.00
Director
$0 $0 $0
Robbie Smith Co Ag Agent 003.00
Director
$0 $0 $0
Anita Schenck Womens Chair 003.00
Director
$0 $0 $0
Madeline Peake Y F Chair 003.00
Director
$0 $0 $0
David Barnes Board Member 001.00
Director
$0 $0 $0
Lisa Barnes Board Member 001.00
Director
$0 $0 $0
Holly Bischoff Board Member 001.00
Director
$0 $0 $0
Kent Bischoff Board Member 001.00
Director
$0 $0 $0
Lee Dillon Board Member 001.00
Director
$0 $0 $0
Jeff Eaves Board Member 001.00
Director
$0 $0 $0
Steve Franklin Board Member 001.00
Director
$0 $0 $0
Stephen Greenwell Board Member 001.00
Director
$0 $0 $0
Charles Heil Board Member 001.00
Director
$0 $0 $0
Eddie Hicks Board Member 001.00
Director
$0 $0 $0
Sam Hutchins Board Member 001.00
Director
$0 $0 $0
Jeremy Jury Board Member 001.00
Director
$0 $0 $0
David Moran Board Member 001.00
Director
$0 $0 $0
Nicole Milburn Board Member 001.00
Director
$0 $0 $0
P J Milburn Board Member 001.00
Director
$0 $0 $0
Nick Nelson Board Member 001.00
Director
$0 $0 $0
Madeline Peake Board Member 001.00
Director
$0 $0 $0
Leah Pottinger Board Member 001.00
Director
$0 $0 $0
Quint Pottinger Board Member 001.00
Director
$0 $0 $0
Anita Schenck Board Member 001.00
Director
$0 $0 $0
Melissa Richardson Board Member 001.00
Director
$0 $0 $0
Adam Wheatley Board Member 001.00
Director
$0 $0 $0
Sarah Wheatley Board Member 001.00
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
2024 $203,611 $178,397 $1,118,297 $25,214
2023 $188,460 $220,019 $1,093,083 $-31,559
2022 $314,474 $182,795 $1,124,834 $131,679
2021 $300,618 $176,556 $1,021,592 $124,062
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