FARM BUREAU FEDERATION MISSISSIPPI DESOTO COUNTY (EIN 640335393) - 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

1925

Legal Domicile

Principal Officer

TOMMY SWINDOLL

Phone

6624297821

Tax Period

2024-11-01 to 2025-10-31

FARM BUREAU FEDERATION MISSISSIPPI DESOTO COUNTY, founded in 1925, is a small nonprofit that reported $348K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $480K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO UNITE THROUGH OUR MEMBERSHIP THOSE PEOPLE OR GROUPS OF PEOPLE WITH A COMMON INTEREST IN DEVELOPING AND IMPROVING THE ECONOMIC, SOCIAL AND EDUCATIONAL INTEREST OF THE FARMER.

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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 $201,397

Program Service Revenue $299,825

Investment Income $-153,434

Other Revenue $0

TOTAL REVENUE $347,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,344

Fundraising Expenses $0

Other Expenses $280,691

TOTAL EXPENSES $480,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,788	$476,167	-0.3%
Expenses	$480,035	$411,591	+0.2%
Net Income	$-132,247	$64,576	-3.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENIESE SWINDOLL	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD LYON	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SUMMERS	DIRECTOR	2.00	Director	$0	$0	$0
JIM SAYLE	SECOND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHNNY NEERGAARD	DIRECTOR	2.00	Director	$0	$0	$0
KIM SWINDOLL	DIRECTOR	2.00	Director	$0	$0	$0
MALLORY SAYLE	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW WALLIS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HAWKS	DIRECTOR	2.00	Director	$0	$0	$0
MILTON JONES III	DIRECTOR	2.00	Director	$0	$0	$0
MURRAY HASLIP	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK SWINDOLL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
TOMMY SWINDOLL	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM SWINDOLL	DIRECTOR	2.00	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	$347,788	$480,035	$1,546,666	$-132,247
2024	$476,167	$411,591	$705,234	$64,576
2023	$439,844	$387,463	$639,277	$52,381
2022	$426,957	$378,774	$586,952	$48,183
2021	$432,354	$388,003	$539,098	$44,351
2020	$394,417	$380,218	$496,063	$14,199

FARM BUREAU FEDERATION MISSISSIPPI DESOTO COUNTY