KENTUCKY FARM BUREAU FEDERATION (EIN 610443949) - 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

1921

Legal Domicile

Principal Officer

DREW GRAHAM

Phone

5024955000

Tax Period

2023-11-01 to 2024-10-31

KENTUCKY FARM BUREAU FEDERATION, founded in 1921, is a mid-sized nonprofit that reported $15.9M in total revenue in fiscal year 2023. Expenses of $14.3M left a modest 10% surplus.

Mission

KENTUCKY FARM BUREAU IS A GRASSROOTS ORGANIZATION DEDICATED TO SERVING OUR MEMBERSHIP FAMILY AND THEIR COMMUNITIES. AS THE VOICE OF AGRICULTURE, WE IDENTIFY PROBLEMS, DEVELOP SOLUTIONS, PROMOTE ECONOMIC SUCCESS, AND ENHANCE THE QUALITY OF LIFE FOR ALL.

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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 $8,416,954

Investment Income $2,182,074

Other Revenue $5,308,491

TOTAL REVENUE $15,907,519

Expense Breakdown

Grants Paid $3,925

Salaries & Benefits $6,271,889

Fundraising Expenses $0

Other Expenses $7,873,718

TOTAL EXPENSES $14,308,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,907,519	$15,558,349	+0.0%
Expenses	$14,308,273	$13,862,181	+0.0%
Net Income	$1,599,246	$1,696,168	-0.1%

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

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

$919,994

Total Directors

$973,058

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE MELTON	PRESIDENT	17.00	Officer Director	$0	$30,439	$155,419
SHANE WISEMAN	FIRST VICE PRESIDENT	17.00	Officer Director	$0	$15,147	$41,272
LARRY CLARK	SECOND VICE PRESIDENT	17.00	Officer Director	$0	$0	$16,850
MARK HANEY	IMMEDIATE PAST PRESIDENT	19.00	Officer Director	$0	$21,552	$165,067
RICKY LEE ARNETT	DIRECTOR	2.00	Director	$0	$0	$3,950
SCOTT BARNES	DIRECTOR	1.50	Director	$0	$0	$18,447
ALEX BARNETT	DIRECTOR	1.50	Director	$0	$5,852	$12,402
BETTIE BEAN	DIRECTOR (FROM 12/23)	2.00	Director	$0	$0	$0
ANTHONY BROCK	DIRECTOR	1.50	Director	$0	$0	$22,247
MARY JANE CANNON	DIRECTOR (THRU 12/23)	2.00	Director	$0	$0	$20,047
MARSHALL COYLE	DIRECTOR (THRU 12/23)	1.50	Director	$0	$8,141	$13,291
NANCY COX	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON K DAVIS	DIRECTOR	2.00	Director	$0	$0	$5,350
J SCOTT DAVIS	DIRECTOR	1.50	Director	$0	$26,520	$26,520
ROGER FANNIN	DIRECTOR (THRU 12/23)	2.00	Director	$0	$0	$3,350
TYLER FERGUSON	DIRECTOR	1.50	Director	$0	$0	$22,597
SHARON FURCHES	DIRECTOR	17.00	Director	$0	$0	$100,015
TIM GOODLETT	DIRECTOR	1.50	Director	$0	$0	$26,847
SARAH BETH GUFFEY	DIRECTOR (THRU 12/23)	2.00	Director	$0	$0	$19,697
CLOYCE WARREN HINKLE	DIRECTOR	1.50	Director	$0	$6,926	$11,976
GLENN HOWELL	DIRECTOR	1.50	Director	$0	$0	$11,750
STEWART HUGHES	DIRECTOR	1.50	Director	$0	$0	$21,447
ZACK ISON	DIRECTOR	1.50	Director	$0	$0	$20,447
MARK KINSEY	DIRECTOR	1.50	Director	$0	$0	$8,550
MARY KATE KORDES	DIRECTOR	1.50	Director	$0	$0	$21,247
TERRY LAWSON	DIRECTOR	1.50	Director	$0	$0	$8,950
MITCHEL LOGSDON	DIRECTOR	1.50	Director	$0	$0	$28,447
RAY ALLAN MACKEY	DIRECTOR	1.50	Director	$0	$0	$21,447
ELI MANN	DIRECTOR (THRU 12/23)	2.00	Director	$0	$0	$19,497
JOE PAUL MATTINGLY	DIRECTOR	1.50	Director	$0	$28,016	$28,016
ROB MCCLANAHAN	DIRECTOR (FROM 12/23)	2.00	Director	$0	$0	$0
DAVID MCGLONE	DIRECTOR	1.50	Director	$0	$0	$7,750
PJ MILBURN	DIRECTOR	1.50	Director	$0	$0	$18,447
VICTOR REXROAT	DIRECTOR	1.50	Director	$0	$0	$24,647
JAMES RUNION	DIRECTOR (FROM 12/23)	2.00	Director	$0	$0	$600
DAVID TAYLOR	DIRECTOR (FROM 12/23)	1.50	Director	$0	$0	$600
LARRY THOMAS	DIRECTOR	1.50	Director	$0	$29,325	$29,325
TAMMY WHITE	DIRECTOR	1.50	Director	$0	$0	$16,547
MACKENZIE WRIGHT	DIRECTOR (FROM 12/23)	2.00	Director	$0	$0	$0
DREW GRAHAM	EXECUTIVE VICE PRESIDENT	37.50	Officer	$501,337	$40,049	$541,386
BRIAN T BRIGHT	DIVISION DIRECTOR	38.50	Highest	$158,596	$39,346	$197,942
PHILIP R DOWDLE	DIVISION DIRECTOR	38.50	Highest	$157,020	$36,303	$193,323
MATTHEW W INGRAM	DIVISION DIRECTOR	38.50	Highest	$262,908	$27,075	$289,983
D MARK LYLE	AREA PROGRAM DIRECTOR	38.50	Highest	$136,525	$25,216	$161,741
RACHEL M THOMAS	EXECUTIVE ASSISTANT	38.50	Highest	$134,822	$24,906	$159,728

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	$15,907,519	$14,308,273	$30,690,071	$1,599,246
2023	$15,558,349	$13,862,181	$28,612,645	$1,696,168
2022	$14,857,330	$14,127,195	$26,451,843	$730,135
2021	$14,416,118	$13,091,324	$29,319,600	$1,324,794
2020	$14,351,168	$13,708,739	$26,799,792	$642,429
2019	$17,387,244	$17,515,441	$26,329,258	$-128,197
2018	$16,190,142	$16,707,920	$26,521,943	$-517,778

KENTUCKY FARM BUREAU FEDERATION