PALO PINTO COUNTY FARM BUREAU (EIN 751389443) - 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

1972

Legal Domicile

Principal Officer

GREG GILBERT

Phone

9403259412

Tax Period

2022-11-01 to 2023-10-31

PALO PINTO COUNTY FARM BUREAU, founded in 1972, is a small nonprofit that reported $209K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $193K left a modest 7% 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 (2022)

Revenue Breakdown

Contributions & Grants $111,080

Program Service Revenue $0

Investment Income $12

Other Revenue $97,559

TOTAL REVENUE $208,651

Expense Breakdown

Grants Paid $12,823

Salaries & Benefits $66,954

Fundraising Expenses $0

Other Expenses $113,541

TOTAL EXPENSES $193,318

Year-over-Year Comparison

	2022	2021	Change
Revenue	$208,651	$233,612	-0.1%
Expenses	$193,318	$219,563	-0.1%
Net Income	$15,333	$14,049	+0.1%

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
GREG GILBERT	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA BURDICK	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
GARY GLOVER	SEC TREAS	2.00	Officer Director	$0	$0	$0
JOHNNY YOUNGBLOOD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SINGLETON	DIRECTOR	4.00	Director	$0	$0	$0
JASON WESTBROOK	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
2023	$208,651	$193,318	$318,427	$15,333
2022	$233,612	$219,563	$331,958	$14,049
2021	$227,752	$224,336	$327,797	$3,416
2020	$224,920	$217,949	$334,592	$6,971

PALO PINTO COUNTY FARM BUREAU