ANDERSON COUNTY FARM BUREAU

EIN: 751083095

PALESTINE, TX

Total Revenue
$369,386
Total Expenses
$394,403
Total Assets
$853,668
Net Assets
$627,692
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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
TX
Principal Officer
JIMMY REED
Phone
9037293183
Tax Period
2024-11-01 to 2025-10-31

ANDERSON COUNTY FARM BUREAU, founded in 1951, is a small nonprofit that reported $369K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $83,299
Program Service Revenue $0
Investment Income $6,882
Other Revenue $279,205
TOTAL REVENUE $369,386

Expense Breakdown

Grants Paid $22,063
Salaries & Benefits $229,383
Fundraising Expenses $0
Other Expenses $142,957
TOTAL EXPENSES $394,403

Year-over-Year Comparison

2024 2023 Change
Revenue $369,386 $478,643 -0.2%
Expenses $394,403 $468,235 -0.2%
Net Income $-25,017 $10,408 -3.4%
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

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Governance

Voting Members
11
Independent Members
11
Employees
7
Volunteers
11

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIMMY REED PRESIDENT 9.00
Officer Director
$0 $0 $0
SCHYLER MAGDZIAK VICE PRESIDENT 26.00
Officer Director
$0 $0 $0
TED BRITTON SECRETARY 26.00
Officer Director
$0 $0 $0
CODY NEWTON TREASURER 1.00
Officer Director
$0 $0 $0
JEFFREY CROFT DIRECTOR 1.00
Director
$0 $0 $0
DAVID HENDERSON DIRECTOR 3.00
Director
$0 $0 $0
KENT WILLMOTT DIRECTOR 1.00
Director
$0 $0 $0
KEVIN WILLMOTT DIRECTOR 1.00
Director
$0 $0 $0
BRADEN MCINNIS DIRECTOR 0.00
Director
$0 $0 $0
LUKE LANE DIRECTOR 0.00
Director
$0 $0 $0
SIMMIE DOUGLAS 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 $369,386 $394,403 $853,668 $-25,017
2024 $478,643 $468,235 $898,286 $10,408
2023 $439,947 $450,296 $900,045 $-10,349
2022 $428,135 $441,320 $924,578 $-13,185
2021 $433,291 $409,225 $951,183 $24,066
2020 $436,444 $415,084 $1,035,985 $21,360
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