LAMPASAS COUNTY FARM BUREAU (EIN 741242013) - 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

1949

Legal Domicile

Principal Officer

MICHAEL HAIL

Phone

5125566271

Tax Period

2021-01-01 to 2021-12-31

LAMPASAS COUNTY FARM BUREAU, founded in 1949, is a small nonprofit that reported $229K in total revenue in fiscal year 2021. Revenue decreased 9% compared to the prior year. Expenses of $198K left a modest 14% 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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $122,760

Program Service Revenue $0

Investment Income $44

Other Revenue $106,327

TOTAL REVENUE $229,131

Expense Breakdown

Grants Paid $11,800

Salaries & Benefits $74,539

Fundraising Expenses $0

Other Expenses $111,619

TOTAL EXPENSES $197,958

Year-over-Year Comparison

	2021	2020	Change
Revenue	$229,131	$252,079	-0.1%
Expenses	$197,958	$213,148	-0.1%
Net Income	$31,173	$38,931	-0.2%

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
MICHAEL HAIL	PRESIDENT	10.00	Officer Director	$0	$0	$0
TIM WALKER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DONNIS SELF	SEC TREAS	1.00	Officer Director	$0	$0	$0
PATSY STONEHAM	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICKEY EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
BARNEY GROVES	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE GROVES	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CALK	DIRECTOR	1.00	Director	$0	$0	$0
J BENTON FLOERKE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN RUZICKA	DIRECTOR	1.00	Director	$0	$0	$0
JIM SPIVEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN FORSYTHE	DIRECTOR	3.00	Director	$0	$0	$0
HESTON MCBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD POSTEL	DIRECTORE	1.00	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
2021	$229,131	$197,958	$236,324	$31,173
2020	$252,079	$213,148	$203,123	$38,931

LAMPASAS COUNTY FARM BUREAU