WYOMING FARM BUREAU FEDERATION

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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

1946

Legal Domicile

Principal Officer

KERIN CLARK

Phone

3077217712

Tax Period

2023-11-01 to 2024-10-31

WYOMING FARM BUREAU FEDERATION, founded in 1946, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. The organization ran a surplus of $617K, a strong 33% 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 WYOMING 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.

Program Service Accomplishments

Program 1

THE WYOMING FARM BUREAU FOCUSES ON POLICY POSITIONS ON ISSUES ESTABLISHED BY COUNTY FARM BUREAU DELEGATES AT OUR ANNUAL MEETINGS AND PLACED INTO OUR POLICY BOOK. WE INITIATE OR PROVIDE INFORMATION ON LEGISLATION ON A STATE LEVEL THAT CARRIES OUT THOSE POLICIES. IN ADDITION WE REGULARLY INFORM OUR MEMBERS OF RULES AND REGULATIONS WHICH COULD AFFECT THEIR OPERATIONS SO THEY ARE AWARE OF THESE ACTIONS. WYFB STAFF REGULARLY PROVIDE COMMENTS ON BOTH STATE AND NATIONAL RULES WHICH AFFECT THEIR OPERATIONS. AREAS WE FOCUS ON ARE NATURAL AND ENVIRONMENTAL RESOURCES, GENERAL AGRICULTURAL ISSUES MAINLY TRANSPORTATION AND TELECOMMUNICATION, GOVERNMENTAL AFFAIRS AND TAXES.

Program 2

THE OGANIZATION USES A WIDE RANGE OF MEDIUMS TO INFORM THE MEMBERS ABOUT ISSUES AFFECTING MEMBER HOMES AND OPERATIONS. WYOMING FARM BUREAU HAS WORKED TO CREATE A WEB PRESENCE AS WELL AS A DEEP SOCIAL MEDIA FOOTPRINT. THE WYOMING FARM BUREAU'S PUBLICATION WYOMING AGRICULTURE IS MAILED TO ALL OF THE MEMBERS 10 TIMES PER YEAR.

Program 3

ALL OF THE MEMBERS OF THE ORGANIZATION ARE ELIGIBLE FOR MEMBER BENEFITS THAT ARE OFFERED THOUGH FARM BUREAU PARTNERS.

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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 $343,319

Program Service Revenue $68,676

Investment Income $166,357

Other Revenue $1,282,868

TOTAL REVENUE $1,861,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $813,604

Fundraising Expenses $0

Other Expenses $430,469

TOTAL EXPENSES $1,244,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,861,220	$1,785,065	+0.0%
Expenses	$1,244,073	$1,209,999	+0.0%
Net Income	$617,147	$575,066	+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

N/A

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
KEN HAMILTON	EXECUTIVE VI	40.00		$133,524	$0	$133,524
KEVIN BAARS	BOARD DIRECT	2.00	Director	$0	$0	$0
COLE COXBILL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
THAD DOCKERY	BOARD DIRECT	2.00	Director	$0	$0	$0
JUSTIN ELLIS	BOARD DIRECT	2.00	Director	$0	$0	$0
TODD FORNSTROM	PRESIDENT	2.00	Director	$0	$0	$0
LANE HAGEMAN	BOARD DIRECT	2.00	Director	$0	$0	$0
TUCKER HAMILTON	BOARD DIRECT	2.00	Director	$0	$0	$0
TIM PEXTON	BOARD DIRECT	2.00	Director	$0	$0	$0
RAENELL TAYLOR	BOARD DIRECT	2.00	Director	$0	$0	$0
KERIN CLARK	EXECUTIVE VI	40.00	Officer	$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
2024	$1,861,220	$1,244,073	$5,210,255	$617,147
2023	$1,785,065	$1,209,999	$4,484,610	$575,066
2022	$1,594,363	$1,025,095	$3,819,230	$569,268
2021	$1,551,746	$1,151,767	$3,411,760	$399,979
2020	$935,677	$1,010,259	$2,675,847	$-74,582
2019	$1,134,567	$1,067,557	$2,796,884	$67,010
2018	$1,155,829	$1,181,751	$2,676,343	$-25,922