FARM BUREAU FEDERATION MISSISSIPPI LAUDERDALE COUNTY (EIN 640344652) - 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

1924

Legal Domicile

Principal Officer

WILLIE HUDNELL

Phone

6014836249

Tax Period

2024-11-01 to 2025-10-31

FARM BUREAU FEDERATION MISSISSIPPI LAUDERDALE COUNTY, founded in 1924, is a small nonprofit that reported $235K in total revenue in fiscal year 2024. Expenses of $216K left a modest 8% surplus.

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 $87,070

Program Service Revenue $133,464

Investment Income $9,453

Other Revenue $4,800

TOTAL REVENUE $234,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,224

Fundraising Expenses $0

Other Expenses $120,227

TOTAL EXPENSES $216,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,787	$240,652	0.0%
Expenses	$216,451	$185,945	+0.2%
Net Income	$18,336	$54,707	-0.7%

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
ANDREW PIPPIN	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL SHANNON	DIRECTOR	2.00	Director	$0	$0	$0
HARLAN DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JOE BYRD	DIRECTOR	3.00	Director	$0	$0	$0
JOSH TODD	DIRECTOR	2.00	Director	$0	$0	$0
KELVIN JACKSON	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KEN COVINGTON	DIRECTOR	2.00	Director	$0	$0	$0
LANE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
RON JAMES	DIRECTOR	2.00	Director	$0	$0	$0
STANLEY SHANNON	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM JONES	DIRECTOR	4.00	Director	$0	$0	$0
WILLIE HUDNELL	PRESIDENT	2.00	Officer 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	$234,787	$216,451	$504,196	$18,336
2024	$240,652	$185,945	$485,778	$54,707
2023	$209,724	$184,597	$432,414	$25,127
2022	$209,720	$184,237	$407,155	$25,483
2021	$216,935	$187,506	$378,899	$29,429
2020	$187,570	$161,201	$349,568	$26,369

FARM BUREAU FEDERATION MISSISSIPPI LAUDERDALE COUNTY