BURNET 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

1967

Legal Domicile

Principal Officer

BILL FELPS

Phone

5127562806

Tax Period

2024-11-01 to 2025-10-31

BURNET COUNTY FARM BUREAU, founded in 1967, is a small nonprofit that reported $288K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $271K left a modest 6% 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

Ag Youth Programs Contributed to local FFA and or/ 4-H organizations. These organizations strive to help youth grow in leadership and responsibility through various programs, many in...

Ag Youth Programs Contributed to local FFA and or/ 4-H organizations. These organizations strive to help youth grow in leadership and responsibility through various programs, many in agriculture-related areas.

Program 2

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 3

Annual Meeting Held an annual meeting in which all members are invited. Purpose was to discuss relative local, statewide, and national agricultural issues, the importance of agriculture education...

Annual Meeting Held an annual meeting in which all members are invited. Purpose was to discuss relative local, statewide, and national agricultural issues, the importance of agriculture education, the business of the organization and current legislative issues as they relate to agriculture. Members of the county farm bureau, county farm bureau staff, county farm bureau voluntary leaders, Texas Farm Bureau staff and invited guests participated.

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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 $87,661

Program Service Revenue $0

Investment Income $2,279

Other Revenue $198,268

TOTAL REVENUE $288,208

Expense Breakdown

Grants Paid $30,460

Salaries & Benefits $159,010

Fundraising Expenses $0

Other Expenses $81,868

TOTAL EXPENSES $271,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,208	$335,100	-0.1%
Expenses	$271,338	$307,599	-0.1%
Net Income	$16,870	$27,501	-0.4%

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 FELPS	PRESIDENT	3.00	Officer Director	$0	$0	$0
CODY ORMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LELA GOAR	SEC TREAS	1.00	Officer Director	$0	$0	$0
BARNEY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS INSALL	DIRECTOR	1.00	Director	$0	$0	$0
LYNDA FRENCH	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
CAROL GARRETT	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES ORR	DIRECTOR	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
2025	$288,208	$271,338	$395,831	$16,870
2024	$335,100	$307,599	$378,269	$27,501
2023	$327,024	$295,163	$351,272	$31,861
2022	$320,333	$278,146	$363,713	$42,187
2021	$308,530	$259,426	$341,192	$49,104
2020	$315,009	$276,666	$310,633	$38,343