HARLAN COUNTY FARM BUREAU INC (EIN 616029846) - 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

1946

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

HARLAN COUNTY FARM BUREAU INC, founded in 1946, is a micro nonprofit that reported $89K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $132K exceeded revenue, resulting in a 49% operating deficit.

Mission

REDUCTION IN INSURANCE COSTS

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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 $69,714

Program Service Revenue $0

Investment Income $20

Other Revenue $19,024

TOTAL REVENUE $88,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,016

Fundraising Expenses $0

Program Expenses $37,322

Other Expenses $112,410

TOTAL EXPENSES $132,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$88,758	$152,022	-0.4%
Expenses	$132,426	$148,637	-0.1%
Net Income	$-43,668	$3,385	-13.9%

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

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
BILL MIDDLETON	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN MINIARD	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY BOGGS	DIRECTOR	1.00	Director	$0	$0	$0
JIM CORUM	DIRECTOR	1.00	Director	$0	$0	$0
JUDY LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
INEDA HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
NOBE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
JACE HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CALDWELL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DONALD MINIARD	PRESIDENT	5.00	Officer	$0	$0	$0
NATHAN BOGGS	SECRETARY TREASURER	40.00	Key Emp	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$88,758	$132,426	$687,077	$-43,668
2022	$152,022	$148,637	$730,272	$3,385
2021	$136,749	$110,646	$724,823	$26,103
2020	$88,981	$89,319	$696,935	$-338

HARLAN COUNTY FARM BUREAU INC