LIMESTONE COUNTY FARM BUREAU

EIN: 741177318

GROESBECK, TX

Total Revenue
$251,142
Total Expenses
$218,734
Total Assets
$360,404
Net Assets
$358,158
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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
TX
Principal Officer
BILL WARD
Phone
2547293226
Tax Period
2021-10-01 to 2022-09-30

LIMESTONE COUNTY FARM BUREAU, founded in 1951, is a small nonprofit that reported $251K in total revenue in fiscal year 2021. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $219K left a modest 13% surplus.

Mission

To better the conditions and efficiency of agricultural producers and promote a wholesome and desirable rural life through education, information, and other such programs.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $105,930
Program Service Revenue $0
Investment Income $453
Other Revenue $144,759
TOTAL REVENUE $251,142

Expense Breakdown

Grants Paid $4,150
Salaries & Benefits $118,205
Fundraising Expenses $0
Other Expenses $96,379
TOTAL EXPENSES $218,734

Year-over-Year Comparison

2021 2020 Change
Revenue $251,142 $216,078 +0.2%
Expenses $218,734 $187,193 +0.2%
Net Income $32,408 $28,885 +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

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Governance

Voting Members
8
Independent Members
8
Employees
3
Volunteers
8

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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL WARD PRESIDENT 15.00
Officer Director
$0 $0 $0
JAMES DAWLEY VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ANNA KANTOR SEC TREAS 5.00
Officer Director
$0 $0 $0
MARY LIGHTSEY DIRECTOR 5.00
Director
$0 $0 $0
DANA BUSBY DIRECTOR 1.00
Director
$0 $0 $0
TY DECORDOVA DIRECTOR 5.00
Director
$0 $0 $0
WILLIAM LOWRY DIRECTOR 5.00
Director
$0 $0 $0
ANGELA TORP DIRECTOR 5.00
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
2022 $251,142 $218,734 $360,404 $32,408
2021 $216,078 $187,193 $326,771 $28,885
2020 $208,162 $174,996 $297,898 $33,166
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