MISSISSIPPI FARM BUREAU FEDERATION (EIN 640303134) - Form 990 Financial Analysis & Trantor Score

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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

1922

Legal Domicile

Principal Officer

KALEB DEESE CPA

Phone

6019573200

Tax Period

2024-11-01 to 2025-10-31

MISSISSIPPI FARM BUREAU FEDERATION, founded in 1922, is a mid-sized nonprofit that reported $14.4M in total revenue in fiscal year 2024.

Mission

TO CREATE ENVIRONMENT IN WHICH MS FARMERS & RANCHERS CAN HAVE A BETTER LIFE & MAKE A BETTER LIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,416,442

Program Service Revenue $0

Investment Income $376,801

Other Revenue $11,610,832

TOTAL REVENUE $14,404,075

Expense Breakdown

Grants Paid $94,440

Salaries & Benefits $5,632,152

Fundraising Expenses $0

Other Expenses $9,638,551

TOTAL EXPENSES $15,365,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,404,075	$14,052,202	+0.0%
Expenses	$15,365,143	$15,612,356	0.0%
Net Income	$-961,068	$-1,560,154	-0.4%

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

Volunteers

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

$900,466

Total Directors

$410,169

Key Employees

$229,007

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY MILLS	DIRECTOR	2.00	Director	$4,400	$0	$4,400
CRAIG CANULL	DIRECTOR	2.00	Director	$2,800	$0	$2,800
D MIKE MCCORMICK	PRESIDENT	40.00	Officer Director	$293,675	$47,694	$341,369
DANNY HOLLEY	DIRECTOR	2.00	Director	$2,800	$0	$2,800
DONALD GANT	VICE PRESIDENT	5.00	Officer Director	$6,400	$0	$6,400
DONALD LOWERY	DIRECTOR	2.00	Director	$2,400	$0	$2,400
DOUG WILKERSON	DIRECTOR	2.00	Director	$0	$0	$0
DR JIM PERKINS	DIRECTOR	2.00	Director	$2,000	$0	$2,000
GADSTON CROOM	DIRECTOR	2.00	Director	$1,200	$0	$1,200
GENE BOONE	DIRECTOR	2.00	Director	$1,200	$0	$1,200
GENE NUNNERY	DIRECTOR	2.00	Director	$2,800	$0	$2,800
JAMES NEWMAN	DIRECTOR	2.00	Director	$2,800	$0	$2,800
JAMES RASBERRY	DIRECTOR	2.00	Director	$2,000	$0	$2,000
JAY SLATER	DIRECTOR	2.00	Director	$4,800	$0	$4,800
JEFF EASTERLING	VICE PRESIDENT	2.00	Officer Director	$6,400	$0	$6,400
JOHN MCKEE	DIRECTOR	2.00	Director	$2,400	$0	$2,400
KENNETH LOGGINS	DIRECTOR	2.00	Director	$2,400	$0	$2,400
LARRY JEFCOAT	DIRECTOR	2.00	Director	$2,800	$0	$2,800
LOUIS BREAUX IV	DIRECTOR	2.00	Director	$2,000	$0	$2,000
MARGARET WEBB	DIRECTOR	2.00	Director	$1,600	$0	$1,600
PAUL MULLINS	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT O'BRIAN	DIRECTOR	2.00	Director	$2,000	$0	$2,000
SETH BRAGG	DIRECTOR	2.00	Director	$2,800	$0	$2,800
TED KENDALL IV	VICE PRESIDENT	5.00	Officer Director	$6,000	$0	$6,000
TRIPP THOMAS	DIRECTOR	2.00	Director	$2,400	$0	$2,400
WILL MCMILLAN	DIRECTOR	2.00	Director	$2,400	$0	$2,400
KALEB DEESE CPA	TREASURER	40.00	Officer	$161,740	$72,644	$234,384
KENT M BLOODWORTH	SECRETARY	40.00	Officer	$235,729	$70,184	$305,913
JUSTIN FERGUSON	NATIONAL AFFAIRS	40.00	Key Emp	$166,467	$62,540	$229,007
DOUGLAS ERVIN	CHIEF ORGANIZATION OFFICER	40.00	Highest	$211,813	$62,471	$274,284

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	$14,404,075	$15,365,143	$27,657,511	$-961,068
2024	$14,052,202	$15,612,356	$27,368,973	$-1,560,154
2023	$14,323,609	$14,024,934	$26,907,979	$298,675
2022	$15,464,290	$13,417,614	$25,935,364	$2,046,676
2021	$10,910,857	$11,707,413	$25,917,957	$-796,556
2020	$11,556,428	$12,101,469	$26,740,726	$-545,041
2019	$12,455,521	$13,231,940	$26,056,564	$-776,419
2018	$8,476,711	$8,400,470	$25,684,210	$76,241

MISSISSIPPI FARM BUREAU FEDERATION