TENNESSEE FARM BUREAU FEDERATION

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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

1923

Legal Domicile

Principal Officer

ERIC MAYBERRY

Phone

9313887872

Tax Period

2023-10-01 to 2024-09-30

TENNESSEE FARM BUREAU FEDERATION, founded in 1923, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.3M, a strong 24% operating margin.

Mission

TO DEVELOP, FOSTER, PROMOTE AND PROTECT PROGRAMS FOR THE GENERAL WELFARE, INCLUDING ECONOMIC, SOCIAL, EDUCATIONAL AND POLITICAL WELL-BEING OF FARM PEOPLE OF THE GREAT STATE OF TENNESSEE.

Program Service Accomplishments

Program 1

COMMUNICATIONS - TENNESSEE FARM BUREAU FEDERATION (TFBF) LEADERS AND MEMBERS ARE INFORMED THROUGH MULTIFACITED COMMUNICATION EFFORTS. THE "TENNESSEE FARM BUREAU NEWS" IS SENT TO APPROXIMATELY 60,000 AGRICULTURE MEMBERS BI-MONTHLY AND SPEAKS TO CURRENT AGRICULTURAL ISSUES. OUR AWARD-WINNING MAGAZINE, "TENESSEE HOME AND FARM, " IS DELIVERED TO 695,000 PLUS MEMBERS QUARTERLY. EDUCATING ALL MEMBERS ABOUT AGRICULTURE. IN ADDITION, DAILY RADIO PROGRAMS, NEWSPAPER ARTICLES, PODCASTS, AND TELEVISION STORIES ARE MADE AVAILABLE TO LOCAL, STATE AND NATIONAL MEDIA OUTLETS. HOUSE-DEVELOPED VIDEOS ARE USED AT TRAINING MEETINGS AS WELL AS COUNTY MEETINGS. TFBF'S WEBSITE, BLAST EMAILS, FACEBOOK, "X", AND MORE ARE USED TO COMMUNICATE ABOUT TENNESSEE AGRICULTURE.

Program 2

LEADERSHIP DEVELOPMENT - INFORMED LEADERSHIP IS THE STARTING PLACE FOR ACCOMPLISHING OUR MISSION. LEADERSHIP DEVELOPMENT OPPORTUNITIES ARE PROVIDED FOR FARMER LEADERS THROUGH OUR STATE AND NATIONAL ANNUAL MEETINGS AND STATEWIDE CONFERENCES (PRESIDENTS, FARM BUREAU WOMEN, AND YOUNG FARMERS AND RANCHERS). NUMEROUS OTHER SPECIAL ISSUE-SPECIFIC MEETINGS PROVIDE LEADERSHIP TRAINING OPPORTUNITIES FOR OUR FARMER LEADERS. STAFF HOLD LOCAL TRAINING SESSIONS WITH NEW COUNTY PRESIDENTS, COUNTY BOARDS AND COMMITTEE MEMBERS. TFBF ALSO COOPERATES WITH AGRICULTURE GROUPS IN REGIONAL LEADERSHIP TRAINING PROGRAMS.

Program 3

PUBLIC POLICY - THE FOREMOST MISSION OF TFBF IS TO REPRESENT THE INTEREST OF FARMERS AT LOCAL, STATE, NATIONAL, AND INTERNATIONAL LEVELS OF GOVERNMENT. GRASSROOTS PUBLIC POLICY IS DEVELOPED BY...

PUBLIC POLICY - THE FOREMOST MISSION OF TFBF IS TO REPRESENT THE INTEREST OF FARMERS AT LOCAL, STATE, NATIONAL, AND INTERNATIONAL LEVELS OF GOVERNMENT. GRASSROOTS PUBLIC POLICY IS DEVELOPED BY WORKING WITH FARMER LEADERS WITHIN OUR 95 COUNTY FARM BUREAUS. TFBF STAFF COORDINATES WITH FARMER LEADERS TO COMMUNICATE AND DEFEND OUR POLICY IN LEGISLATIVE AND REGULATORY BODIES AT LOCAL, STATE, AND NATIONAL LEVELS. WE WORK WITH OTHER STATE FARM BUREAUS THROUGH OUR NATIONAL AFFILIATE, THE AMERICAN FARM BUREAU FEDERATION, TO REPRESENT OUR FARMER MEMBERS' INTERESTS ON THE INTERNATIONAL LEVEL. EVERY ACTIVITY PROMOTED BY TFBF HAS THE OBJECTIVE OF SUPPORTING AND ENHANCING TFBF'S PUBLIC POLICY EFFORTS.

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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 $0

Program Service Revenue $9,497,542

Investment Income $1,963,692

Other Revenue $2,631,496

TOTAL REVENUE $14,092,730

Expense Breakdown

Grants Paid $175,322

Salaries & Benefits $4,313,241

Fundraising Expenses $0

Other Expenses $6,289,263

TOTAL EXPENSES $10,777,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,092,730	$12,468,711	+0.1%
Expenses	$10,777,826	$10,522,837	+0.0%
Net Income	$3,314,904	$1,945,874	+0.7%

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

N/A

Employees

Volunteers

5000

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

$1,731,492

Total Directors

$551,382

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY COOK	TREASURER	3.00	Officer	$0	$256,712	$918,489
RHEDONA ROSE	EXECUTIVE VP/SECRETARY	40.00	Officer	$233,961	$219,821	$472,224
ERIC MAYBERRY	PRESIDENT	40.00	Officer Director	$83,968	$40,106	$313,441
JOE MCKINNON	DIRECTOR OF FIELD SERVICES	40.00	Highest	$158,242	$114,078	$272,320
WILLIAM BRYAN WRIGHT	DIRECTOR OF MEMBERSHIP	40.00	Highest	$132,062	$130,892	$262,954
LOUIS LEE MADDOX	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$141,961	$61,064	$203,025
EDWARD CLARK	REGIONAL FIELD DIRECTOR	40.00	Highest	$110,792	$52,617	$163,409
DANIEL STRASSER	DIRECTOR OF SPECIAL PROGRAMS	40.00	Highest	$123,064	$39,747	$162,811
JOHN CHESTER	DIRECTOR	3.00	Director	$1,200	$0	$29,499
CHARLES HANCOCK	DIRECTOR	3.00	Director	$1,200	$0	$27,353
JOSH OGLE	DIRECTOR	3.00	Director	$1,200	$0	$27,353
JAMES HASKEW	VICE PRESIDENT	3.00	Officer Director	$1,400	$0	$27,338
TRAVIS TILLEY	DIRECTOR	3.00	Director	$1,400	$0	$26,633
DAVID RICHISIN	DIRECTOR	3.00	Director	$1,200	$0	$26,353
MIKE SCUDDER	DIRECTOR	3.00	Director	$1,300	$0	$26,169
CATHERINE VIA	DIRECTOR	3.00	Director	$1,000	$0	$15,961
TERRY SNYDER	DIRECTOR	3.00	Director	$1,300	$0	$15,791
BRENDA BAKER	DIRECTOR	3.00	Director	$1,000	$0	$15,491
TODD LITTLETON	DIRECTOR (FROM DEC '23)	3.00	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	$14,092,730	$10,777,826	$149,617,875	$3,314,904
2023	$12,468,711	$10,522,837	$142,750,610	$1,945,874
2022	$13,282,673	$9,403,936	$139,747,103	$3,878,737
2021	$12,173,337	$9,291,175	$127,985,651	$2,882,162
2020	$13,083,193	$9,817,814	$113,531,270	$3,265,379
2019	$12,152,256	$9,539,327	$100,467,084	$2,612,929
2018	$9,991,781	$10,399,015	$97,211,099	$-407,234