FUTURE FARMERS OF AMERICA AND ITS STATE ASSOCIATIONS & LOCAL CHAPTER (EIN 611360617) - 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

2000

Legal Domicile

Principal Officer

Carl Waits

Phone

8599485527

Tax Period

2025-01-01 to 2025-12-31

FUTURE FARMERS OF AMERICA AND ITS STATE ASSOCIATIONS & LOCAL CHAPTER, founded in 2000, is a small nonprofit that reported $395K in total revenue in fiscal year 2025. Revenue surged 209% from the prior year, signaling strong growth momentum.

Mission

Provide support for local FFA Chapter as well as area Jessamine County 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 (2025)

Revenue Breakdown

Contributions & Grants $394,956

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $394,956

Expense Breakdown

Grants Paid $280,974

Salaries & Benefits $4,000

Fundraising Expenses $0

Program Expenses $380,533

Other Expenses $109,982

TOTAL EXPENSES $394,956

Year-over-Year Comparison

	2025	2024	Change
Revenue	$394,956	$127,970	+2.1%
Expenses	$394,956	$237,518	+0.7%
Net Income	$0	$-109,548	-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

N/A

Volunteers

200

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

$8,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carl Waits	Vice President	2.00	Officer	$0	$0	$4,000
James Hall	President	0.50	Officer	$0	$0	$0
Sue Stafford	Treasurer	0.25	Officer	$0	$0	$0
Katie Lewis	Secretary	0.25	Officer	$0	$0	$0
James Hall	President	0.50	Officer	$0	$0	$0
Carl Waits	Vice President	2.00	Officer	$0	$0	$4,000
Sue Stafford	Treasurer	0.25	Officer	$0	$0	$0
Katie Lewis	Secretary	0.25	Officer	$0	$0	$0
Chuck Canter	CAIP and 4H/FFA cost share Treasurer	0.25	Officer	$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	$394,956	$394,956	$166,280	No data
2024	$127,970	$237,518	$114,490	$-109,548
2023	$310,010	$207,954	$232,198	$102,056
2022	$221,151	$217,565	$130,142	$3,586
2021	$286,307	$263,215	$133,732	$23,092

FUTURE FARMERS OF AMERICA AND ITS STATE ASSOCIATIONS & LOCAL CHAPTER