JOHNSON COUNTY FARM BUREAU

EIN: 751171530

CLEBURNE, TX

Total Revenue
$618,004
Total Expenses
$552,767
Total Assets
$1,476,777
Net Assets
$1,156,100
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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
TX
Principal Officer
WILLIAM GOODWIN
Phone
8176417885
Tax Period
2024-11-01 to 2025-10-31

JOHNSON COUNTY FARM BUREAU, founded in 1949, is a small nonprofit that reported $618K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $553K left a modest 11% surplus.

Mission

To better the conditions and efficiency of agricultural producers and promote a wholesome and desirable rural life through education, information,

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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 $191,945
Program Service Revenue $0
Investment Income $8,956
Other Revenue $417,103
TOTAL REVENUE $618,004

Expense Breakdown

Grants Paid $27,250
Salaries & Benefits $347,150
Fundraising Expenses $0
Other Expenses $178,367
TOTAL EXPENSES $552,767

Year-over-Year Comparison

2024 2023 Change
Revenue $618,004 $757,432 -0.2%
Expenses $552,767 $680,671 -0.2%
Net Income $65,237 $76,761 -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

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Governance

Voting Members
9
Independent Members
9
Employees
12
Volunteers
9

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM GOODWIN PRESIDENT 11.00
Officer Director
$0 $0 $0
JUSTIN HALE VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DEREK ADKINS SEC TREAS 5.00
Director
$0 $0 $0
FRED LYNE DIRECTOR 5.00
Director
$0 $0 $0
CHRIS MATHIS DIRECTOR 8.00
Director
$0 $0 $0
ZACH GOODWIN DIRECTOR 8.00
Director
$0 $0 $0
DON BROWN DIRECTOR 10.00
Director
$0 $0 $0
CHRISTOPHER SALONE DIRECTOR 5.00
Director
$0 $0 $0
BRANDT SCHMIDT DIRECTOR 8.00
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 $618,004 $552,767 $1,476,777 $65,237
2024 $757,432 $680,671 $1,481,447 $76,761
2023 $774,042 $713,812 $1,420,956 $60,230
2022 $699,606 $638,320 $1,378,732 $61,286
2021 $659,886 $603,261 $1,329,897 $56,625
2020 $664,139 $592,292 $1,287,494 $71,847
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