LIMESTONE 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

1951

Legal Domicile

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.

Program Service Accomplishments

Program 1

State Meetings Volunteer Directors of the County Farm Bureau attended meetings sponsored by Texas Farm Bureau, including its annual state convention. At these meetings, various agricultural issues...

State Meetings Volunteer Directors of the County Farm Bureau attended meetings sponsored by Texas Farm Bureau, including its annual state convention. At these meetings, various agricultural issues are discussed with similar local volunteers from other county farm bureaus across the state. At the Texas Farm Bureau annual convention, local county farm bureau leaders from all over Texas voted on agricultural issues that these volunteers would like Texas Farm Bureau and the volunteers to pursue on a statewide level in the upcoming year.

Program 2

Youth Livestock Show/Fair Contributed to local youth livestock show/fair. Purposes of the show are to promote responsibility, leadership skills and interest in raising farm animals for area youth...

Youth Livestock Show/Fair Contributed to local youth livestock show/fair. Purposes of the show are to promote responsibility, leadership skills and interest in raising farm animals for area youth. The County Farm Bureau volunteers as well as local4-h Clubs and FFA Chapters participate in this important event.

Program 3

American Farm Bureau Federation (AFBF) Annual Meeting Volunteer director(s) attended (or will attend) the annual AFBF meeting with local Farm Bureau members from across the nation to participate in discussions and hear presentations on various agricultural issues affecting farmers and ranchers nationwide. Also, various delegates at the meeting make decisions on various AFBF policies.

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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 (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

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
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