TEXAS FARM BUREAU AGRICULTURE RESEARCH & EDUCATION FOUNDATION

EIN: 742588060 501(c)(3) Education

WACO, TX

Total Revenue
$243,012
Total Expenses
$244,057
Total Assets
$52,508
Net Assets
$52,508
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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
1990
Legal Domicile
TX
Principal Officer
CHRIS DAUGHTERY
Phone
2543995074
Tax Period
2022-01-01 to 2022-12-31

TEXAS FARM BUREAU AGRICULTURE RESEARCH & EDUCATION FOUNDATION, founded in 1990, is a small nonprofit in the Education sector that reported $243K in total revenue in fiscal year 2022. Revenue surged 578500% from the prior year, signaling strong growth momentum.

Mission

INITIATE AG RESEARCH AND EDUCATIONAL ACTIVITIES, DISSEMINATE INFORMATION REGARDING EDUCATION AND MARKETING COMMODITIES. PROMOTE STUDY OF AGRICULTURE AND AGRICULTURE RESEARCH, AND AWARD EDUCATIONAL SCHOLARSHIPS AND AGRICULTURAL RESEARCH GRANTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $242,983
Program Service Revenue $0
Investment Income $29
Other Revenue $0
TOTAL REVENUE $243,012

Expense Breakdown

Grants Paid $242,867
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $242,867
Other Expenses $1,190
TOTAL EXPENSES $244,057

Year-over-Year Comparison

2022 2021 Change
Revenue $243,012 $42 +5785.0%
Expenses $244,057 $600 +405.8%
Net Income $-1,045 $-558 +0.9%
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
16
Independent Members
16
Employees
N/A
Volunteers
N/A

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
5
$2,488,214
Total Directors
14
$804,910
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLEN KAMINSKI DIRECTOR 1.00
Director
$0 $0 $64,752
BRIAN ADAMEK DIRECTOR 1.00
Director
$0 $0 $29,603
J WALT HAGOOD DIRECTOR 1.00
Director
$0 $0 $48,151
JOHN GRIFFITH DIRECTOR 1.00
Director
$0 $0 $56,051
JOHN PAUL DINEEN DIRECTOR 1.00
Director
$0 $0 $50,351
KEVIN WILKERSON DIRECTOR 1.00
Director
$0 $0 $49,451
MICKEY EDWARDS DIRECTOR 1.00
Director
$0 $0 $49,317
MARK DANIEL DIRECTOR 1.00
Director
$0 $0 $49,128
PAT MCDOWELL VICE-PRESIDENT 1.00
Officer Director
$0 $0 $70,074
PETE PAWELEK SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $57,362
RUSSELL BOENING PRESIDENT 1.00
Officer Director
$0 $0 $130,116
SAM SNYDER DIRECTOR 1.00
Director
$0 $0 $51,985
WESLEY CUDE DIRECTOR 1.00
Director
$0 $0 $52,651
BRIAN JONES DIRECTOR 1.00
Director
$0 $0 $45,918
SI COOK EXECUTIVE DIRECTOR/COO 1.00
Officer
$0 $0 $1,350,215
CHRIS DAUGHTERY COMPTROLLER/CFO 1.00
Officer
$0 $0 $880,447
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
2022 $243,012 $244,057 $52,508 $-1,045
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