Whitley County Farm Bureau (EIN 616039184) - 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

1955

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Whitley County Farm Bureau, founded in 1955, is a micro nonprofit that reported $99K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $521K represent 63 months of operating reserves.

Mission

Located in Souteastern KY, the Whitley County Farm Bureau not only services but is the voice of agriculture in the community. Low rental rates of farm equipment is available to all farmers. We support youth thru FFA, scholarships and the Whitley CO Fair.

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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 $67,700

Program Service Revenue $4,934

Investment Income $0

Other Revenue $26,055

TOTAL REVENUE $98,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,910

Fundraising Expenses $0

Other Expenses $91,246

TOTAL EXPENSES $100,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,689	$140,433	-0.3%
Expenses	$100,156	$105,208	0.0%
Net Income	$-1,467	$35,225	-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

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
Lonnie Stevens	volunteer	1.00	Director	$0	$0	$0
Brian Prewitt	volunteer	1.00	Director	$0	$0	$0
Glenn Croley	volunteer	1.00	Director	$0	$0	$0
Stuart Hamlin	volunteer	1.00	Director	$0	$0	$0
Danny Jones	volunteer	1.00	Director	$0	$0	$0
Terry Saylor	volunteer	2.00	Director	$0	$0	$0
Garrett Croley	volunteer	2.00	Director	$0	$0	$0
Megan Moore	volunteer	1.00	Director	$0	$0	$0
James Clawson	volunteer	1.00	Director	$0	$0	$0
Jeremy Saylor Jr	volunteer	1.00	Director	$0	$0	$0
Stephen Prewitt	SecretaryTreasurer	2.00	Officer Director	$0	$0	$0
Anna Bayes	Vice President	1.00	Officer Director	$0	$0	$0
Bobby J Monhollen	President	1.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$98,689	$100,156	$627,561	$-1,467
2022	$140,433	$105,208	$646,568	$35,225
2021	$102,277	$74,145	$611,343	$28,132
2020	$95,941	$72,957	$605,608	$22,984
2019	$102,530	$93,698	$593,923	$8,832
2018	$91,348	$106,102	$594,702	$-14,754

Whitley County Farm Bureau