FRANKLIN PARISH FARM BUREAU INC (EIN 720504531) - 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

1951

Legal Domicile

Principal Officer

ADAM FAULK

Phone

3184359745

Tax Period

2024-01-01 to 2024-12-31

FRANKLIN PARISH FARM BUREAU INC, founded in 1951, is a small nonprofit that reported $266K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $251K left a modest 6% surplus.

Mission

FORMED FOR THE PROMOTION AND PROTECTION OF AGRICULTURE.

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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 $111,905

Program Service Revenue $0

Investment Income $1,983

Other Revenue $152,063

TOTAL REVENUE $265,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,080

Fundraising Expenses $0

Other Expenses $142,335

TOTAL EXPENSES $250,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,951	$225,514	+0.2%
Expenses	$250,576	$241,426	+0.0%
Net Income	$15,375	$-15,912	-2.0%

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
ADAM FAULK	PRESIDENT	1.15	Officer Director	$0	$0	$0
KEITH BRINGOL	1ST VICE PRESIDENT	0.38	Officer Director	$0	$0	$0
RANDY BRASWELL	2ND VICE PRESIDENT	0.38	Officer Director	$0	$0	$0
ROY MCINTYRE	BOARD MEMBER	0.38	Director	$0	$0	$0
JACK DAILEY	TREASURER	0.38	Officer Director	$0	$0	$0
WALTER HEMPHILL	BOARD MEMBER	0.38	Director	$0	$0	$0
BRIAN WILSON	BOARD MEMBER	0.38	Director	$0	$0	$0
DAVIN MCMURRAY	BOARD MEMBER	0.19	Director	$0	$0	$0
BO HARING	BOARD MEMBER	0.19	Director	$0	$0	$0
BUCKSHOT SIMS	BOARD MEMBER	0.19	Director	$0	$0	$0
ETHAN POLAND	BOARD MEMBER	0.19	Director	$0	$0	$0
ROY ELEY	BOARD MEMBER	0.38	Director	$0	$0	$0
TRAY HOGGATT	BOARD MEMBER	0.19	Director	$0	$0	$0
SCOTT WIGGERS	BOARD MEMBER	0.38	Director	$0	$0	$0
GEORGE ADAM FAULK	BOARD MEMBER	0.19	Director	$0	$0	$0
CAROL PINNELL-ALISON	BOARD MEMBER	0.00	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
2024	$265,951	$250,576	$429,559	$15,375
2023	$225,514	$241,426	$424,680	$-15,912
2022	$216,121	$225,579	$442,496	$-9,458
2021	$211,326	$207,995	$459,604	$3,331
2020	$198,765	$205,355	$464,844	$-6,590

FRANKLIN PARISH FARM BUREAU INC