FRANKLIN COUNTY FARM BUREAU

EIN: 716057690

CHARLESTON, AR

Total Revenue
$212,165
Total Expenses
$191,188
Total Assets
$420,231
Net Assets
$210,569
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
AR
Principal Officer
PAUL DAVID GRAMLICH
Phone
5019652218
Tax Period
2023-11-01 to 2024-10-31

FRANKLIN COUNTY FARM BUREAU, founded in 1950, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $191K left a modest 10% surplus.

Mission

AGRICULTURAL PROMOTION

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $41,500
Investment Income $7
Other Revenue $170,658
TOTAL REVENUE $212,165

Expense Breakdown

Grants Paid $2,517
Salaries & Benefits $114,078
Fundraising Expenses $0
Other Expenses $74,593
TOTAL EXPENSES $191,188

Year-over-Year Comparison

2023 2022 Change
Revenue $212,165 $188,974 +0.1%
Expenses $191,188 $170,233 +0.1%
Net Income $20,977 $18,741 +0.1%
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

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Governance

Voting Members
22
Independent Members
22
Employees
3
Volunteers
32

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
3
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL GRAMLICH PRESIDENT 0.50
Officer Director
$0 $0 $0
JIMMY CHILDERS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
RITA GRAMLICH SECRETARY/ TREASURER 0.50
Officer Director
$0 $0 $0
CHRIS SOSSAMON MEMBER 0.50
Director
$0 $0 $0
CLAUDE BRADLEY JR MEMBER 0.50
Director
$0 $0 $0
CODY SOSEBEE MEMBER 0.50
Director
$0 $0 $0
HANNAH TATE MEMBER 0.50
Director
$0 $0 $0
HERMAN VERKAMP MEMBER 0.50
Director
$0 $0 $0
JOHN PENDERGRASS MEMBER 0.50
Director
$0 $0 $0
JOSEPH POST MEMBER 0.50
Director
$0 $0 $0
JOSEPH TYLER DAVIS MEMBER 0.50
Director
$0 $0 $0
JUDITH ARMSTRONG MEMBER 0.50
Director
$0 $0 $0
JUSTIN TATE MEMBER 0.50
Director
$0 $0 $0
MARJO HILL MEMBER 0.50
Director
$0 $0 $0
MICHAEL METER MEMBER 0.50
Director
$0 $0 $0
RANDALL BULLINGTON MEMBER 0.50
Director
$0 $0 $0
REED HAYNES MEMBER 0.50
Director
$0 $0 $0
RICHARD ARMSTRONG MEMBER 0.50
Director
$0 $0 $0
ROBERT BALLINGER MEMBER 0.50
Director
$0 $0 $0
ROBERT HILL MEMBER 0.50
Director
$0 $0 $0
STEVEN MOODY MEMBER 0.50
Director
$0 $0 $0
TIM VERKAMP MEMBER 0.50
Director
$0 $0 $0
WILLIAM MCDONALD 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 $212,165 $191,188 $420,231 $20,977
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