IDAHO FARM BUREAU FEDERATION INC (EIN 820181284) - 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

1942

Legal Domicile

Principal Officer

ZAK MILLER

Tax Period

2023-11-01 to 2024-10-31

IDAHO FARM BUREAU FEDERATION INC, founded in 1942, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 26% operating margin.

Mission

TO PROMOTE, IMPROVE AND STABILZE THE AGRICULTURAL INDUSTRY IN WHICH ITS MEMBER ARE ENGAGED, BY SECURING GREATER EFFICIENCY IN THE PRODUCTION, DISTRIBUTION AND MARKETING OF AGRICULTURAL PRODUCTS AND TO CORRELATE AND STRENGTHEN THE COUNTY FARM BUREAUS AND SIMILAR ORGANIZATIONS OF THE STATE OF IDAHO AND TO COORDINATE THE ACTIVITIES OF THEIR RESPECTIVE OFFICERS AND PERSONEL, WITHIN THEIR RESPECTIVE FIELDS OF ENDEAVOR, TO THE END, THAT SOUND AND EFFECTIVE NATIONAL AND STATE LEGISLATION MAY BE ADOPTED AND ADMINISTERED, THAT PROPER AND SATISFACTORY PUBLIC RELATIONS AND SERVICES MAY BE DEVELOPED AND SUSTAINED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,222,442

Investment Income $281,056

Other Revenue $5,114,078

TOTAL REVENUE $8,617,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,740,010

Fundraising Expenses $0

Other Expenses $2,611,936

TOTAL EXPENSES $6,351,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,617,576	$7,200,937	+0.2%
Expenses	$6,351,946	$5,418,456	+0.2%
Net Income	$2,265,630	$1,782,481	+0.3%

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

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

$309,448

Total Directors

$277,199

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZAK MILLER	EXECUTIVE VP	40.00	Officer	$208,018	$0	$208,018
BRYAN SEARLE	PRESIDENT	10.00	Officer Director	$101,430	$0	$101,430
RICHARD DURRANT	VICE PRESIDE	5.00	Director	$25,300	$0	$25,300
MARJORIE FRENCH	DIRECTOR	2.00	Director	$10,652	$0	$10,652
DAN GARNER	DIRECTOR	2.00	Director	$6,649	$0	$6,649
RICK PEARSON	DIRECTOR	2.00	Director	$8,000	$0	$8,000
RICK BRUNE	DIRECTOR	2.00	Director	$11,000	$0	$11,000
TOM DANIEL	DIRECTOR	2.00	Director	$10,200	$0	$10,200
SCOTT STEELE	DIRECTOR	2.00	Director	$9,100	$0	$9,100
CODY CHANDLER	DIRECTOR	2.00	Director	$8,300	$0	$8,300
AUSTIN TUBBS	DIRECTOR	2.00	Director	$7,268	$0	$7,268
TOM MOSMAN	DIRECTOR	2.00	Director	$9,500	$0	$9,500
TRAVIS B MCAFFEE	DIRECTOR	2.00	Director	$10,200	$0	$10,200
GALEN V LEE	DIRECTOR	2.00	Director	$9,000	$0	$9,000
THOMAS MATT DORSEY	DIRECTOR	2.00	Director	$10,700	$0	$10,700
JASON FELLOWS	DIRECTOR	2.00	Director	$9,200	$0	$9,200
DARREN TABER	DIRECTOR	2.00	Director	$10,100	$0	$10,100
DOUGLAS W BARRIE	DIRECTOR	2.00	Director	$9,700	$0	$9,700
RAY J SEARLE	DIRECTOR	2.00	Director	$10,900	$0	$10,900

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	$8,617,576	$6,351,946	$24,439,751	$2,265,630
2023	$7,200,937	$5,418,456	$20,502,256	$1,782,481
2022	$6,566,405	$4,867,225	$17,803,233	$1,699,180
2021	$6,412,454	$4,761,660	$16,974,633	$1,650,794
2020	$5,929,920	$5,229,325	$14,654,903	$700,595
2019	$6,106,942	$5,657,316	$14,615,784	$449,626
2018	$5,958,488	$5,752,944	$14,336,264	$205,544

IDAHO FARM BUREAU FEDERATION INC