ALABAMA FARMERS 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

1921

Legal Domicile

Principal Officer

JIMMY PARNELL

Phone

3342883600

Tax Period

2023-07-01 to 2024-06-30

ALABAMA FARMERS FEDERATION, founded in 1921, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2023. Expenses of $13.1M left a modest 4% surplus.

Mission

THE MISSION OF THE ALABAMA FARMERS FEDERATION, A NATION'S LEADING FARM ORGANIZATION, IS TO ENSURE UNLIMITED OPPORTUNITIES FOR OUR RURAL AND AGRICULTURAL COMMUNITY, THROUGH ACTIVE, WELL-INFORMED MEMBERS, EMPHASING EDUCATION, RESEARCH, GOVERNMENTAL ACTION, ECONOMIC SERVICE, ENVIRONMENTAL STEWARDSHIP, LEADERSHIP DEVELOPMENT AND FELLOWSHIP.

Program Service Accomplishments

Program 1

MORE THAN 300,000 MEMBERS WERE SERVED THROUGH VARIOUS PROGRAMS, INCLUDING GOVERNMENTAL AFFAIRS, COMMODITY PROGRAMS, PUBLIC RELATIONS AND PUBLICATIONS. EACH MEMBER REGULARLY RECEIVES A PUBLICATION...

MORE THAN 300,000 MEMBERS WERE SERVED THROUGH VARIOUS PROGRAMS, INCLUDING GOVERNMENTAL AFFAIRS, COMMODITY PROGRAMS, PUBLIC RELATIONS AND PUBLICATIONS. EACH MEMBER REGULARLY RECEIVES A PUBLICATION CALLED "NEIGHBORS". THE MAGAZINE, ALONG WITH THE WEBSITE, KEEPS MEMBERS INFORMED ON ISSUES THAT AFFECT THEM.

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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 $9,088,977

Investment Income $2,044,747

Other Revenue $2,557,060

TOTAL REVENUE $13,690,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $730,300

Fundraising Expenses $0

Other Expenses $12,121,491

TOTAL EXPENSES $13,109,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,690,784	$12,823,908	+0.1%
Expenses	$13,109,420	$13,057,408	+0.0%
Net Income	$581,364	$-233,500	-3.5%

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

$957,362

Total Directors

$119,687

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY PARNELL	BOARD MEMBER, PRESIDENT	1.00	Officer Director	$10,000	$0	$10,000
REX VAUGHN	BOARD MEMBER, VP NORTH ARE	1.00	Officer Director	$7,135	$0	$7,135
GEORGE JEFFCOAT	BOARD MEMBER, VP SOUTHEAST	1.00	Officer Director	$7,535	$0	$7,535
JON HEGEMAN	BOARD MEMBER, VP CENTRAL A	1.00	Officer Director	$7,135	$0	$7,135
JAKE HARPER	BOARD MEMBER, VP SOUTHWEST	1.00	Officer Director	$7,535	$0	$7,535
STEVE DUNN	SECRETARY/TREASURER	1.00	Officer Director	$7,535	$0	$7,535
DORMAN GRACE	BOARD MEMBER, DIST 1	1.00	Director	$5,201	$0	$5,201
JEFF PEEK	BOARD MEMBER, DIST 2	1.00	Director	$5,201	$0	$5,201
DAVID BAILEY	BOARD MEMBER, DIST 3	1.00	Director	$2,801	$0	$2,801
STEVE LAKE	BOARD MEMBER, DIST 4	1.00	Director	$5,201	$0	$5,201
JOE ANDERS	BOARD MEMBER, DIST 5	1.00	Director	$5,201	$0	$5,201
PHILLIP HUNTER	BOARD MEMBER, DIST 6	1.00	Director	$5,201	$0	$5,201
JOE LAMBRECHT	BOARD MEMBER, DIST 7	1.00	Director	$5,201	$0	$5,201
TOMMY MARTIN	BOARD MEMBER, DIST 8	1.00	Director	$5,201	$0	$5,201
BILL COOK	BOARD MEMBER, DIST 9	1.00	Director	$5,201	$0	$5,201
TRIP HORNE	BOARD MEMBER, DIST 10	1.00	Director	$5,201	$0	$5,201
MARK KAISER	BOARD MEMBER, DIST 11	1.00	Director	$5,201	$0	$5,201
JERRY PEAK	BOARD MEMBER, DIST 12	1.00	Director	$3,601	$0	$3,601
DEBRA DUNN	EX-OFFICIO BOARD MEMBER	1.00	Director	$7,200	$0	$7,200
DILLON TURK	EX-OFFICIO BOARD MEMBER	1.00	Director	$7,200	$0	$7,200
PAUL PINYAN	EXECUTIVE DIRECTOR	57.00	Officer	$433,017	$237,436	$724,903
PHILLIP JOHNS	CHIEF FINANCIAL OFFICER	34.00	Officer	$137,928	$23,316	$185,584

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	$13,690,784	$13,109,420	$58,694,967	$581,364
2023	$12,823,908	$13,057,408	$54,766,388	$-233,500
2022	$13,567,426	$12,212,661	$51,185,897	$1,354,765
2021	$12,218,510	$11,581,998	$54,732,210	$636,512
2020	$12,262,248	$11,053,179	$46,081,456	$1,209,069
2019	$11,245,507	$11,062,919	$44,964,446	$182,588