Kentucky Farm Bureau Federation (EIN 616027213) - 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

1984

Legal Domicile

Principal Officer

Robert Jamaes

Phone

8592550023

Tax Period

2024-01-01 to 2024-12-31

Kentucky Farm Bureau Federation, founded in 1984, is a small nonprofit that reported $659K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $409K, a strong 62% operating margin.

Mission

TO SERVE AS THE VOICE OF AGRICULTURE BY IDENTIFYING PROBLEMS, DEVELOPING SOLUTIONS AND TAKING ACTION WHICH WILL IMPROVE THE NET FARM INCOME, ACHIEVE BETTER ECONOMIC OPPORTUNITIES 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 (2024)

Revenue Breakdown

Contributions & Grants $278,684

Program Service Revenue $0

Investment Income $298,089

Other Revenue $82,676

TOTAL REVENUE $659,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,703

Fundraising Expenses $0

Other Expenses $208,408

TOTAL EXPENSES $250,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$659,449	$400,140	+0.6%
Expenses	$250,111	$340,561	-0.3%
Net Income	$409,338	$59,579	+5.9%

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

Independent Members

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

$22,635

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT JAMES	PRESIDENT	0.50	Officer Director	$0	$0	$0
PATRICK ROBINSON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
PHIL MEYER	SECRETARY	0.50	Officer Director	$0	$0	$0
NICK CARTER	TRESURER	0.50	Officer Director	$0	$0	$0
JASON WHITIS	PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
BONNIE EADS	WOMENS CHAIR	0.50	Director	$0	$0	$0
PAIGE MATTINGLY	YOUNG FARMER CHAIR	0.50	Director	$0	$0	$0
PATRICK HIGGINBOTHAM	AT LARGE	0.50	Director	$0	$0	$0
AARON CLARK	DIRECTOR	0.50	Director	$0	$0	$0
TOD CLARK	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN CONLON	DIRECTOR	0.50	Director	$0	$0	$0
BEN CONNER	DIRECTOR	0.50	Director	$0	$0	$0
DR TANYA DVORAK	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT EADS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN EVANS	DIRECTOR	0.50	Director	$0	$0	$0
BRENNAN GILKISON	DIRECTOR	0.50	Director	$0	$0	$0
JOHN MCGUIRE	DIRECTOR	0.50	Director	$0	$0	$0
JILL MAHAN	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS RIGGS	DIRECTOR	0.50	Director	$0	$0	$0
LARRY RYAN	DIRECTOR	0.50	Director	$0	$0	$0
JOHN TUCKER	DIRECTOR	0.50	Director	$0	$0	$0
STUART TURLINGTON	DIRECTOR	0.50	Director	$0	$0	$0
BILLY VAN PELT	DIRECTOR	0.50	Director	$0	$0	$0
BILL WITT	DIRECTOR	0.50	Director	$0	$0	$0
BOB JAMES	DIRECTOR	0.50	Director	$0	$0	$0
JOANNA WEAVER	DIRECTOR OF OPERATIONS	40.00	Key Emp	$22,635	$0	$22,635

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	$659,449	$250,111	$1,636,108	$409,338
2023	$400,140	$340,561	$1,231,374	$59,579
2022	$349,736	$450,362	$1,176,741	$-100,626
2021	$398,487	$307,465	$1,269,784	$91,022
2020	$378,258	$278,738	$1,177,012	$99,520
2019	$446,303	$399,606	$1,083,883	$46,697
2018	$321,751	$390,085	$1,034,968	$-68,334

Kentucky Farm Bureau Federation