KENTUCKY FARM BUREAU FEDERATION MCCRACKEN COUNTY FARM BUREAU (EIN 616055260) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

BETTIE BEAN

Phone

2709947544

Tax Period

2023-11-01 to 2024-10-31

KENTUCKY FARM BUREAU FEDERATION MCCRACKEN COUNTY FARM BUREAU, founded in 1950, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. Revenue surged 3806% from the prior year, signaling strong growth momentum. Expenses of $142K exceeded revenue, resulting in a 23% operating deficit.

Mission

FARM BUREAU IS A VOLUNTARY ORGANIZATION OF FARM FAMILIES AND THEIR ALLIES DEDICATED TO SERVING AS THE VOICE OF AGRICULTURE BY IDENTIFYING PROBLEMS, DEVELOPING SOLUTIONS AND TAKING ACTIONS WHICH WILL IMPROVE NET FARM INCOME, ACHIEVE BETTER ECONOMIC OPPORTUNITIES AND ENHANCE THE QUALITY OF LIFE FOR ALL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $85,434

Investment Income $3,599

Other Revenue $26,545

TOTAL REVENUE $115,578

Expense Breakdown

Grants Paid $16,300

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $125,471

TOTAL EXPENSES $141,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,578	$2,959	+38.1%
Expenses	$141,771	$7,762	+17.3%
Net Income	$-26,193	$-4,803	+4.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$11,329

Total Directors

$11,329

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JW GOODWIN	PRESIDENT	1.00	Officer Director	$1,200	$0	$1,200
DEWAIN GIPSON	VICE PRESIDENT	1.00	Officer Director	$600	$0	$600
BETTIE BEAN	SECRETARY/TREASURER	1.00	Officer Director	$9,529	$0	$9,529
DAVID BAUMER	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE BEAN	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
JOSH GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
TED KALER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
JOE WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN WURTH	DIRECTOR	1.00	Director	$0	$0	$0
ROBIE SCHEER	DIRECTOR	1.00	Director	$0	$0	$0
WYATT WOOD	DIRECTOR	1.00	Director	$0	$0	$0
KATIE GIPSON	DIRECTOR	1.00	Director	$0	$0	$0
GRACEY MOFFITT	DIRECTOR	1.00	Director	$0	$0	$0
DONNIE EDWARDS	DIRECTOR	1.00	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	$115,578	$141,771	$709,698	$-26,193
2023	$133,594	$149,303	$751,033	$-15,709
2023	$2,959	$7,762	$736,955	$-4,803
2022	$113,448	$143,950	$756,751	$-30,502
2021	$184,145	$144,311	$790,812	$39,834
2020	$119,593	$94,283	$749,590	$25,310
2019	$143,174	$112,767	$721,669	$30,407
2018	$134,262	$145,385	$691,227	$-11,123

KENTUCKY FARM BUREAU FEDERATION MCCRACKEN COUNTY FARM BUREAU