COVINGTON COUNTY FARMERS FEDERATION (EIN 630523367) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

BASIL W THOMPSON III

Phone

3348181068

Tax Period

2024-07-01 to 2025-06-30

Covington County Farmers Federation, founded in 1947, is a micro nonprofit that reported $49K in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $43K left a modest 13% surplus.

Mission

TO CREATE A COUNTY-WIDE ORGANIZATION TO ADVANCE & IMPROVE THE AGRICULTURE OF THE COUNTY; TO COOPERATE WITH AL FARMERS FEDERATION; TO DEVELOP A PROGRAM OF WORK THAT WILL BRING BETTER ECONOMIC, SOCIAL AND EDUCATIONAL CONDITIONS TO MAKE FARMING PROFITABLE AND RURAL LIFE ATTRACTIVE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $41,881

Investment Income $42,879

Other Revenue $0

TOTAL REVENUE $84,760

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $4,000

Fundraising Expenses $0

Program Expenses $21,225

Other Expenses $22,301

TOTAL EXPENSES $31,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,760	$69,164	+0.2%
Expenses	$31,301	$42,127	-0.3%
Net Income	$53,459	$27,037	+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

$4,000

Total Directors

$4,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOROTHY THOMPSON	ASSISTANT SE	10.00	Officer Director	$4,000	$0	$4,000
CHRIS ADAMS	DIRECTOR	N/A	Director	$0	$0	$0
BOB BALLARD	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
KARL BROWN	DIRECTOR	N/A	Director	$0	$0	$0
DAKOTA CARAWAY	DIRECTOR	N/A	Director	$0	$0	$0
JOEY HOLT	DIRECTOR	N/A	Director	$0	$0	$0
BASIL W THOMPSON III	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICHARD JONES	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY KELLEY	DIRECTOR	N/A	Director	$0	$0	$0
MASON KELLEY	DIRECTOR	N/A	Director	$0	$0	$0
NOLAN LAIRD	DIRECTOR	N/A	Director	$0	$0	$0
BRETT MACK	DIRECTOR	N/A	Director	$0	$0	$0
RANDALL MCCART	DIRECTOR	N/A	Director	$0	$0	$0
SIDNEY MCKATHAN	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH NORTHEY	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY RODGERS	DIRECTOR	N/A	Director	$0	$0	$0
MORGAN RODGERS	DIRECTOR	N/A	Director	$0	$0	$0
DILLON ROLAND	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
GARRETT ROLAND	DIRECTOR	N/A	Director	$0	$0	$0
DANNY SIGHTLER	DIRECTOR	N/A	Director	$0	$0	$0
ROGER SIGHTLER	DIRECTOR	N/A	Director	$0	$0	$0
LARRY STALLINGS	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN WHITEHURST	DIRECTOR	N/A	Director	$0	$0	$0
RICKY WIGGINS	DIRECTOR	N/A	Director	$0	$0	$0
RUSSELL WIGGINS	DIRECTOR	N/A	Director	$0	$0	$0
FARRELL WRIGHT	DIRECTOR	N/A	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	$84,760	$31,301	$901,508	$53,459
2024	$69,164	$42,127	$848,049	$27,037
2023	$51,747	$26,874	$821,012	$24,873
2022	$45,960	$42,154	$796,139	$3,806
2021	$55,742	$20,569	$792,333	$35,173
2020	$61,672	$42,009	$757,160	$19,663
2019	$49,429	$43,024	$737,497	$6,405

COVINGTON COUNTY FARMERS FEDERATION