FARM BUREAU FEDERATION MISSISSIPPI… - Form 990 Financial Data

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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

MARCUS WALLACE

Phone

6016847081

Tax Period

2024-11-01 to 2025-10-31

FARM BUREAU FEDERATION MISSISSIPPI PIKE COUNTY, founded in 1922, is a small nonprofit that reported $284K in total revenue in fiscal year 2024. Expenses of $243K left a modest 14% 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.

Program Service Accomplishments

Program 1

PIKE COUNTY FARM BUREAU'S BOARD MEMBERS ARE VERY ACTIVE IN THEIR COMMODITY PROGRAMS IN THE COUNTY AND STATE. THIS KEEPS THEM WELL INFORMED OF MARKET TRENDS HELPING THEM TO EDUCATE OTHER FARMERS ON...

PIKE COUNTY FARM BUREAU'S BOARD MEMBERS ARE VERY ACTIVE IN THEIR COMMODITY PROGRAMS IN THE COUNTY AND STATE. THIS KEEPS THEM WELL INFORMED OF MARKET TRENDS HELPING THEM TO EDUCATE OTHER FARMERS ON NEW WAYS OF RAISING THEIR CROPS AS WELL AS THE ECONOMIC SIDE TO FARMING.

Program 2

IN ORDER TO PROTECT & PROMOTE THE AGRICULTURE INDUSTRY THE PIKE COUNTY FARM BUREAU THROUGH ITS STRUCTURE OF VOLUNTEER LEADERS SUPPORTS PUBLIC POLICY EFFORTS AT THE LOCAL, STATE AND NATIONAL LEVEL...

IN ORDER TO PROTECT & PROMOTE THE AGRICULTURE INDUSTRY THE PIKE COUNTY FARM BUREAU THROUGH ITS STRUCTURE OF VOLUNTEER LEADERS SUPPORTS PUBLIC POLICY EFFORTS AT THE LOCAL, STATE AND NATIONAL LEVEL. THIS IS ACCOMPLISHED THROUGH LEGISLATIVE AND REGULATORY MONITORING COMMUNICATION WITH MEMBERS AND PUBLIC AWARENESS PROGRAMS. VOLUNTEER MEMBERS PARTICIPATE IN YEARLY MEETINGS WITH LOCAL LEGISLATURES TO EDUCATE THEM ABOUT AGRICULTURAL POLICY.

Program 3

PIKE COUNTY FARM BUREAU PARTICIPATES ANNUAL IN THE SAFETY PROGRAMS THAT ARE OFFERED THROUGH THE MISSISSIPPI FARM BUREAU FEDERATION. SEVERAL CPR AND FIRST AID CLASSES ARE TAUGHT THROUGHOUT THE YEAR...

PIKE COUNTY FARM BUREAU PARTICIPATES ANNUAL IN THE SAFETY PROGRAMS THAT ARE OFFERED THROUGH THE MISSISSIPPI FARM BUREAU FEDERATION. SEVERAL CPR AND FIRST AID CLASSES ARE TAUGHT THROUGHOUT THE YEAR. FATAL VISION/TEXTING PROGRAMS, LAWN/TRACTOR SAFETY PROGRAMS ARE ALSO TAUGHT.

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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 $94,262

Program Service Revenue $167,138

Investment Income $8,942

Other Revenue $13,310

TOTAL REVENUE $283,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,321

Fundraising Expenses $0

Other Expenses $110,976

TOTAL EXPENSES $243,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$283,652	$268,069	+0.1%
Expenses	$243,297	$241,923	+0.0%
Net Income	$40,355	$26,146	+0.5%

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
ADAM STEELE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CARL FULLER	DIRECTOR	2.00	Director	$0	$0	$0
CLIFTON MCGOWAN	DIRECTOR	2.00	Director	$0	$0	$0
DELEAN ROBERTSON	DIRECTOR	2.00	Director	$0	$0	$0
EVAN GAUDIN	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD ALFORD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES DYKES	DIRECTOR	2.00	Director	$0	$0	$0
LEE FORTENBERRY	DIRECTOR	2.00	Director	$0	$0	$0
LEE WILSON	DIRECTOR	2.00	Director	$0	$0	$0
MARCUS WALLACE	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARY LANSING	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH LAMPTON	DIRECTOR	2.00	Director	$0	$0	$0
KIM KLUNK	DIRECTOR	2.00	Director	$0	$0	$0
STACEY EVANS	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	$283,652	$243,297	$461,457	$40,355
2024	$268,069	$241,923	$420,979	$26,146
2023	$256,482	$250,533	$397,028	$5,949
2022	$259,270	$242,683	$390,855	$16,587
2021	$273,507	$244,741	$373,749	$28,766
2020	$251,140	$258,830	$346,463	$-7,690

FARM BUREAU FEDERATION MISSISSIPPI PIKE COUNTY