FARMERS AID ASSOCIATION

EIN: 620488047

LOUDON, TN

Total Revenue
$222,776
Total Expenses
$293,120
Total Assets
N/A
Net Assets
N/A
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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
1902
Legal Domicile
TN
Principal Officer
CHARLES ELEMER VIARS
Phone
8654582533
Tax Period
2022-01-01 to 2022-08-19

FARMERS AID ASSOCIATION, founded in 1902, is a small nonprofit that reported $223K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $293K exceeded revenue, resulting in a 32% operating deficit.

Mission

PAYING LOSSES FOR MEMBERS/POLICYHOLDERS

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $222,700
Investment Income $76
Other Revenue $0
TOTAL REVENUE $222,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,416
Fundraising Expenses $0
Other Expenses $237,704
TOTAL EXPENSES $293,120

Year-over-Year Comparison

2022 2021 Change
Revenue $222,776 $273,061 -0.2%
Expenses $293,120 $270,696 +0.1%
Net Income $-70,344 $2,365 -30.7%
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

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Governance

Voting Members
6
Independent Members
4
Employees
2
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE RALPH ALEXANDER DIRECTOR N/A
Director
$0 $0 $0
BURTON BILDERBACK DIRECTOR N/A
Director
$0 $0 $0
DEBORAH HANDY DIRECTOR N/A
Director
$0 $0 $0
KELLY BILDERBACK SECRETARY N/A
Officer
$0 $0 $0
CHARLES ELEMER VIARS PRESIDENT N/A
Officer
$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
2022 $222,776 $293,120 No data $-70,344
2021 $273,061 $270,696 $551,666 $2,365
2020 $289,777 $272,381 $555,220 $17,396
2019 $313,208 $295,587 $600,138 $17,621
2018 $306,988 $252,065 $526,613 $54,923
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