Owen County Farm Bureau Inc (EIN 610493998) - 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

1953

Legal Domicile

Principal Officer

David Chappell

Phone

5024842363

Tax Period

2023-10-01 to 2024-09-30

Owen County Farm Bureau Inc, founded in 1953, is a small nonprofit that reported $338K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $462K exceeded revenue, resulting in a 37% operating deficit.

Mission

Promoting agriculture in community by supporting farmers and offering low cost insurance. Offering scholarships to students dedicated to preserving agriculture and farming and administering Phase I tobacco buyout cost share programs to farmers.

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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 $313,998

Program Service Revenue $0

Investment Income $259

Other Revenue $24,000

TOTAL REVENUE $338,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $405,302

Other Expenses $462,092

TOTAL EXPENSES $462,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$338,257	$496,226	-0.3%
Expenses	$462,092	$364,149	+0.3%
Net Income	$-123,835	$132,077	-1.9%

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

1571

Independent Members

1571

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Chappell	President	010.00	Officer Director	$0	$0	$0
Pam Chappell	Vice President	005.00	Officer Director	$0	$0	$0
Joy Colligan	2nd Vice President	005.00	Officer Director	$0	$0	$0
Gayla Lewis	Financial Reporter	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	$338,257	$462,092	$430,355	$-123,835
2023	$496,226	$364,149	$554,190	$132,077
2022	$353,902	$392,787	$431,406	$-38,885
2021	$370,050	$366,345	$471,040	$3,705
2020	$352,234	$186,770	$467,333	$165,464
2019	$410,844	$571,074	$301,869	$-160,230
2018	$323,059	$344,109	$461,092	$-21,050

Owen County Farm Bureau Inc