FAULKNER COUNTY FARM BUREAU

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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

1966

Legal Domicile

Principal Officer

CHRIS SCHAEFERS

Phone

5013295681

Tax Period

2023-11-01 to 2024-10-31

FAULKNER COUNTY FARM BUREAU, founded in 1966, is a small nonprofit that reported $482K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $1.1M represent 27 months of operating reserves.

Mission

AGRICULTURAL PROMOTION

Program Service Accomplishments

Program 1

COUNTY FARM BUREAU WORK IS GENERAL IN NATURE, HELPING FARM FAMILIES ACHIEVE EDUCATIONAL IMPROVEMENTS, ECONOMIC OPPORTUNITY, AND SOCIAL ADVANCEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $110,467

Investment Income $0

Other Revenue $371,845

TOTAL REVENUE $482,312

Expense Breakdown

Grants Paid $6,762

Salaries & Benefits $313,808

Fundraising Expenses $0

Other Expenses $159,583

TOTAL EXPENSES $480,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$482,312	$423,166	+0.1%
Expenses	$480,153	$412,335	+0.2%
Net Income	$2,159	$10,831	-0.8%

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
CHRIS SCHAEFERS	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL LEE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MATT SIMON	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
JIM BAKER	MEMBER	0.50	Director	$0	$0	$0
CHRIS ACRE	MEMBER	0.50	Director	$0	$0	$0
JERRELL COKER	MEMBER	0.50	Director	$0	$0	$0
BILL DODGEN	MEMBER	0.50	Director	$0	$0	$0
ROCKY HARRELL	MEMBER	0.50	Director	$0	$0	$0
REED KELLEY	MEMBER	0.50	Director	$0	$0	$0
TRAVIS BURCHFIELD	MEMBER	0.50	Director	$0	$0	$0
BILL HUMPHREY	MEMBER	0.50	Director	$0	$0	$0
JOE THRASH	MEMBER	0.50	Director	$0	$0	$0
MARK WILCOX	MEMBER	0.50	Director	$0	$0	$0
PRESTON SCROGGIN	MEMBER	0.50	Director	$0	$0	$0
BRIAN WILLIAMS	MEMBER	0.50	Director	$0	$0	$0
ROBERT DOWNEY	MEMBER	0.50	Director	$0	$0	$0
STEVE SIMON	MEMBER	0.50	Director	$0	$0	$0
HANK CHANEY	MEMBER	0.50	Director	$0	$0	$0
MELANIE MALONE	MEMBER	0.50	Director	$0	$0	$0
SCOTT SCHWARTZ	MEMBER	0.50	Director	$0	$0	$0
GARRETT MOIX	MEMBER	0.50	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
2024	$482,312	$480,153	$1,148,960	$2,159
2023	$423,166	$412,335	$1,160,618	$10,831
2022	$396,448	$357,771	$1,116,448	$38,677
2021	$399,551	$320,068	$1,078,545	$79,483
2020	$405,221	$338,222	$999,938	$66,999