TEXAS FARM BUREAU (EIN 741145986) - 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

1933

Legal Domicile

Principal Officer

CHRIS DAUGHTERY

Phone

2543995074

Tax Period

2023-01-01 to 2023-12-31

TEXAS FARM BUREAU, founded in 1933, is a mid-sized nonprofit that reported $31.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.1M, a strong 23% operating margin.

Mission

TEXAS FARM BUREAU'S MISSION IS TO BE THE VOICE OF TEXAS 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 (2023)

Revenue Breakdown

Contributions & Grants $7,596,600

Program Service Revenue $0

Investment Income $3,723,482

Other Revenue $20,118,620

TOTAL REVENUE $31,438,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,296,902

Fundraising Expenses $0

Other Expenses $16,047,812

TOTAL EXPENSES $24,344,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,438,702	$27,498,173	+0.1%
Expenses	$24,344,714	$19,661,079	+0.2%
Net Income	$7,093,988	$7,837,094	-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

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

N/A

Employees

Volunteers

5200

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

$2,934,693

Total Directors

$822,885

Key Employees

$2,494,566

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL W BOENING	PRESIDENT	10.00	Officer Director	$50,479	$62,394	$123,364
WALT HAGOOD	SECRETARY-TREASURER	5.00	Officer Director	$10,527	$38,996	$55,841
MARK DANIEL	VICE-PRESIDENT	5.00	Officer Director	$17,524	$46,795	$70,637
PETE PAWELEK	DIRECTOR	5.00	Director	$11,763	$31,197	$49,278
BRIAN ADAMEK	DIRECTOR	5.00	Director	$7,927	$31,197	$45,442
WARREN CUDE	DIRECTOR	5.00	Director	$17,727	$0	$55,242
JOHN PAUL DINEEN	DIRECTOR	5.00	Director	$15,927	$0	$53,442
JOHN GRIFFITH	DIRECTOR	5.00	Director	$16,227	$0	$53,742
KEVIN WILKERSON	DIRECTOR	5.00	Director	$12,927	$31,197	$50,442
MICKEY EDWARDS	DIRECTOR	5.00	Director	$9,763	$0	$47,278
SAM SNYDER	DIRECTOR	5.00	Director	$16,163	$31,197	$53,678
BRIAN JONES	DIRECTOR	5.00	Director	$9,527	$0	$47,042
ALLEN KAMINSKI	DIRECTOR	5.00	Director	$28,127	$0	$65,642
PAT MCDOWELL	DIRECTOR	5.00	Director	$0	$45,497	$51,815
SI COOK	EXECUTIVE DIRECTOR	40.00	Officer	$462,314	$243,297	$1,399,081
CHRIS DAUGHTERY	CFO	40.00	Officer	$309,432	$138,002	$911,582
STEPHANIE MCMULLEN	CORPORATE SECRETARY	40.00	Officer	$151,751	$70,686	$374,188
JOHN CARPENTER	DIR OF ADMIN/GENERAL COUNC	40.00	Key Emp	$107,004	$77,881	$434,562
LINDLEY ELLIOTT	INVESTMENT MANAGER	40.00	Key Emp	$40,617	$55,251	$562,960
CHARLES BENTON	DIRECTOR OF FIELD OPERATIO	40.00	Key Emp	$196,654	$59,912	$256,566
REGAN BECK	DIRECTOR OF GOVERNMENT AFF	40.00	Key Emp	$362,259	$86,192	$488,702
GARY JOINER	DIRECTOR OF COMMUNICATIONS	40.00	Key Emp	$302,299	$62,501	$364,800
WHIT WEEMS	DIRECTOR OF ORGANIZATION	40.00	Key Emp	$284,714	$70,628	$386,976
ROSLYN MELDE	DIRECTOR OF ORGANIZATION S	40.00	Highest	$214,108	$56,904	$362,773
JANICE NECKAR	ACCOUNTING MANAGER	40.00	Highest	$193,103	$29,169	$222,272
BILLY HOWE	ASST DIRECTOR OF GOVERNMEN	40.00	Highest	$281,643	$50,654	$332,297
CAREY MARTIN	ASSOCIATE DIRECTOR OF RADI	40.00	Highest	$134,214	$24,835	$159,049
SCOTT ESKEW	DIRECTOR OF FLEET	40.00	Highest	$198,751	$35,736	$234,487
LARAMIE ADAMS	DIRECTOR OF NATIONAL AFFAI	40.00	Highest	$225,213	$37,145	$262,358
MATTHEW MARTIN	CONTROLLER	40.00	Highest	$107,644	$55,263	$324,374
PENNY ANDERSON	DIRECTOR OF HUMAN RESOUCES	40.00	Highest	$26,074	$58,484	$384,410
CHARLIE LEAL	STATE LEGISLATIVE DIRECTOR	40.00	Highest	$192,162	$35,008	$227,170
PATRICK EHLERS	CRKP MANAGER	40.00	Highest	$155,441	$30,105	$185,546
RICHARD WITT	COUNTY AUDIT MANAGER	40.00	Highest	$38,441	$33,333	$187,097
LAURA WIGLEY	PAYROLL MANAGER	40.00	Highest	$11,775	$35,346	$182,531
BLAKE BROOKS	HR & PR SPECIALIST/PILOT	40.00	Highest	$13,218	$19,143	$184,368
BRYCE MOORE	ASSOCIATE DIRECTOR OF FIEL	40.00	Highest	$114,207	$39,519	$153,726
LLOYD ARTHUR	FORMER DIRECTOR	1.00		$0	$0	$12,627
BEN WIBLE	FORMER DIRECTOR	1.00		$0	$-28,267	$3,964
VAL STEPHENS	FORMER DIRECTOR	1.00		$0	$-40,416	$5,384
MARK CHAMBLEE	FORMER DIRECTOR	1.00		$0	$0	$13,985
ZACHARY YANTA	FORMER DIRECTOR	1.00		$0	$0	$14,651
KENNETH DIERSCHKE	FORMER PRESIDENT	1.00		$0	$0	$32,319
BOB STALLMAN	FORMER PRESIDENT	1.00		$0	$0	$12,254
DAN SMITH	FORMER DIRECTOR	1.00		$19,043	$-65,476	$-7,127
SCOTT FRAZIER	FORMER DIRECTOR	1.00		$0	$0	$15,318
LARRY W JOINER	FORMER DIRECTOR	1.00		$0	$0	$13,985
RONNIE MUENNINK	FORMER DIRECTOR	1.00		$0	$0	$13,318
NEIL WALTER	FORMER DIRECTOR	1.00		$0	$0	$13,318

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	No data	No data	No data	No data
2023	$31,438,702	$24,344,714	$920,862,576	$7,093,988
2022	$27,498,173	$19,661,079	$916,022,430	$7,837,094
2021	$25,839,501	$16,453,051	$1,072,770,797	$9,386,450
2020	$25,024,777	$15,840,071	$1,071,817,439	$9,184,706
2019	$24,823,972	$16,629,205	$961,816,420	$8,194,767
2018	$25,286,455	$17,091,437	$897,736,576	$8,195,018

TEXAS FARM BUREAU