MISSISSIPPI 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

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

MISSISSIPPI FARM BUREAU FEDERATION'S MISSION IS TO CREATE AN ENVIRONMENT IN WHICH MISSISSIPPI FARMERS, RANCHERS, AND FARM BUREAU MEMBERS CAN HAVE A BETTER LIFE AND MAKE A BETTER LIVING.

Program Service Accomplishments

Program 1

THE FEDERATION HOLDS ANNUAL COMMODITY EDUCATION EVENTS FOR FARM BUREAU ACTIVE FARMING MEMBERS. NUMEROUS SPEAKERS SHARE THEIR KNOWLEDGE ON ISSUES RELATED TO COMMODITIES AND LEGISLATION. THE FEDERATION REGIONAL MANAGERS WORK WITH 82 COUNTY FARM BUREAUS AND THEIR VOLUNTEER LEADERS AROUND THE STATE TO IMPLEMENT PROGRAMS THAT BENEFIT THEIR MEMBERSHIP'S AGRICULTURAL INTEREST. STAFF AND ACTIVE FARMING MEMBERS ALSO ATTEND A NATIONAL CONFERENCE TO GAIN KNOWLEDGE OF BEST AGRICULTURAL PRACTICES. THE FEDERATION PARTNERS WITH AGRICULTURAL RELATED ADVISORY ORGANIZATIONS FOR RESEARCH ASSISTANCE. SCHOLARSHIPS ARE PRESENTED EACH YEAR TO FARM BUREAU MEMBER STUDENTS STUDYING IN AN AGRICULTURAL AREA.

Program 2

SAFETY PROGRAMS - THE FEDERATION SAFETY PROGRAMS ARE PRESENTED TO PROVIDE INFORMATION TO HELP SAVE LIVES AND PREVENT INJURIES. EXAMPLES OF PROGRAMS INCLUDE GRAIN BIN SAFETY, ON-SITE TRACTOR AND FARM...

Program 3

YOUNG FARMER PROGRAM - THE OBJECTIVE OF THE YOUNG FARMERS & RANCHERS PROGRAM IS TO PROVIDE LEADERSHIP IN BUILDING A MORE EFFECTIVE FARM BUREAU TO PRESERVE OUR INDIVIDUAL FREEDOMS AND EXPAND OUR...

YOUNG FARMER PROGRAM - THE OBJECTIVE OF THE YOUNG FARMERS & RANCHERS PROGRAM IS TO PROVIDE LEADERSHIP IN BUILDING A MORE EFFECTIVE FARM BUREAU TO PRESERVE OUR INDIVIDUAL FREEDOMS AND EXPAND OUR OPPORTUNITIES IN AGRICULTURE. THE FEDERATION HOSTS STATE AND NATIONAL PROGRAMS TO PROMOTE LEADERSHIP SKILLS FOR FARMERS BETWEEN THE AGES OF 18 TO 35. THE FEDERATION ALSO PROVIDES ACTIVITIES AND COMPETITIONS THAT RECOGNIZE YOUNG LEADERS IN AGRICULTURAL. THE FEDERATION RECOGNIZES AND AWARDS INDIVIDUAL CONTESTANT WINNERS TO HELP THEM FURTHER THEIR AGRICULTUREOPERATIONS.

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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