HENDERSON COUNTY FARM BUREAU INC (EIN 610465577) - 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

1951

Legal Domicile

Principal Officer

BOB WATSON

Phone

2708278053

Tax Period

2023-11-01 to 2024-10-31

HENDERSON COUNTY FARM BUREAU INC, founded in 1951, is a small nonprofit that reported $162K in total revenue in fiscal year 2023. Expenses of $144K left a modest 11% surplus.

Mission

HENDERSON COUNTY FARM BUREAU IS A VOLUNTARY ORGANIZATION OF FARM FAMILIES AND THEIR ALLIES DEDICATED TO SERVING AS THE VOICE OF AGRICULTURE BY IDENTIFYING PROBLEMS, DEVELOPING SOLUTIONS AND TAKING ACTIONS WHICH WILL IMPROVE NET FARM INCOME IN HENDERSON COUNTY, KENTUCKY, ACHIEVE BETTER ECONOMIC OPPORTUNITIES AND ENHANCE THE QUALITY OF LIFE FOR ALL HENDERSONIANS AND KENTUCKIANS.

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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 $137,041

Investment Income $23,642

Other Revenue $1,800

TOTAL REVENUE $162,483

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,827

Other Expenses $142,125

TOTAL EXPENSES $144,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,483	$169,282	0.0%
Expenses	$144,125	$157,205	-0.1%
Net Income	$18,358	$12,077	+0.5%

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

6200

Independent Members

6200

Employees

N/A

Volunteers

250

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
STEPHEN BOYENS	AGENCY MANAG	N/A	Director	$0	$0	$0
KARL DAWSON	DIRECTOR	N/A	Director	$0	$0	$0
JOHN DENTON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JONATHAN DIXON	DIRECTOR	N/A	Director	$0	$0	$0
DENNIS ELLIOTT	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES SPURGEON GABHART	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT KEACH	DIRECTOR	N/A	Director	$0	$0	$0
JEFF KING	DIRECTOR	N/A	Director	$0	$0	$0
JOEL SKIP KING	DIRECTOR	N/A	Director	$0	$0	$0
BOB MCINDOO	DIRECTOR	N/A	Director	$0	$0	$0
JAMES PAYNE	DIRECTOR	N/A	Director	$0	$0	$0
JOSH RENAKER	SECRETARY	N/A	Officer Director	$0	$0	$0
JAMES RUNION	AGENCY MANAG	N/A	Director	$0	$0	$0
BRADLEY SCHNEIDER	DIRECTOR	N/A	Director	$0	$0	$0
ALICE SKAGGS	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL C SMITH	TREASURER	N/A	Officer Director	$0	$0	$0
GARY THOMAS	DIRECTOR	N/A	Director	$0	$0	$0
GLENN WALTHER	DIRECTOR	N/A	Director	$0	$0	$0
BOB WATSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
LUKE WATSON	DIRECTOR	N/A	Director	$0	$0	$0
BRANDON D WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
STAN WILLIAMS	DIRECTOR	N/A	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	$162,483	$144,125	$1,073,001	$18,358
2023	$169,282	$157,205	$648,133	$12,077
2022	$180,539	$162,745	$631,810	$17,794
2021	$187,132	$134,544	$614,187	$52,588
2020	$132,922	$132,781	$561,517	$141
2019	$171,369	$127,542	$561,224	$43,827

HENDERSON COUNTY FARM BUREAU INC