LUBBOCK COUNTY FARM BUREAU (EIN 750825802) - 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

1952

Legal Domicile

Principal Officer

RODNEY SCHOPPA

Phone

8067475271

Tax Period

2024-11-01 to 2025-10-31

LUBBOCK COUNTY FARM BUREAU, founded in 1952, is a small nonprofit that reported $263K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $248K 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.

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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 $69,327

Program Service Revenue $0

Investment Income $2,719

Other Revenue $191,195

TOTAL REVENUE $263,241

Expense Breakdown

Grants Paid $7,706

Salaries & Benefits $115,453

Fundraising Expenses $0

Other Expenses $124,719

TOTAL EXPENSES $247,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,241	$324,366	-0.2%
Expenses	$247,878	$315,154	-0.2%
Net Income	$15,363	$9,212	+0.7%

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
RODNEY SCHOPPA	PRESIDENT	10.00	Officer Director	$0	$0	$0
KEVIN BUXKEMPER	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
ALAN WEST	SECRETARY	5.00	Officer Director	$0	$0	$0
WALT HAGOOD	TREASURER	8.00	Officer Director	$0	$0	$0
ERICA IRLBECK	DIRECTOR	3.00	Director	$0	$0	$0
DOUGLAS HLAVATY	DIRECTOR	5.00	Director	$0	$0	$0
EDDIE GRIFFIS	DIRECTORS	4.00	Director	$0	$0	$0
JUSTIN LIGHT	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL PATSCHKE	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
2025	$263,241	$247,878	$761,825	$15,363
2024	$324,366	$315,154	$768,374	$9,212
2023	$323,399	$304,794	$780,893	$18,605
2022	$280,538	$280,030	$782,242	$508
2021	$283,592	$265,078	$801,505	$18,514
2020	$306,032	$269,686	$796,318	$36,346

LUBBOCK COUNTY FARM BUREAU