WYOMING ASSOCIATION OF FFA

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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

1992

Legal Domicile

Principal Officer

STACY BRODA

Phone

3076306094

Tax Period

2024-04-01 to 2025-03-31

WYOMING ASSOCIATION OF FFA, founded in 1992, is a small nonprofit that reported $333K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $310K left a modest 7% surplus.

Mission

THE WYOMING FFA ASSOCIATION PROVIDES AGRICULTURE EDUCATION AND SERVICES TO WYOMING STUDENTS WITH PROGRAMS FOR MIDDLE SCHOOL, JUNIOR HIGH, HIGH SCHOOL, AND COLLEGE STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $262,787 Revenue: $180,888

THE WYOMING FFA HAS 3,799 MEMBERS AND ORGANIZES AND CONDUCTS THE WYOMING STATE FFA CONVENTION ANNUALLY IN APRIL. WYOMING FFA MEMBERS FROM ACROSS THE STATE ATTEND THE CONVENTION TO COMPETE IN CAREER DEVELOPMENT EVENTS (CDES), SPEAKING CONTESTS, AND PROFICIENCY CONTESTS. APPROXIMATELY 1,400 FFA MEMBERS PARTICIPATE IN THE CONVENTION EACH YEAR. NINE ELECTED WYOMING FFA ASSOCIATION OFFICERS ATTEND THE NATIONAL FFA CONVENTION IN NOVEMBER. THE WYOMING FFA ASSOCIATIN HOSTS A LEADERSHIP CONFERENCE FOR FFA MEMBERS EACH FALL. THE FALL CONFERENCE PROVIDES OPPORTUNITIES FOR MEMBERS TO IMPROVE THEIR LEADERSHIP SKILLS AND SHARE IDEAS WITH FELLOW FFA MEMBERS. APPROXIMATELY 600 FFA MEMBERS ATTEND THE LEADERSHIP CONFERENCE EACH YEAR.

Program 2

Expenses: $10,710 Revenue: $7,300

THE WYOMING FFA ASSOCIATION UTILIZES THE SERVICES OF A PUBLIC RELATIONS COORDINATOR TO WORK WITH THE STATE FFA OFFICER TEAM ON MEDIA COMMUNICATIONS, FACEBOOK PAGE MANAGEMENT, AND WEBSITE SUPPORT...

THE WYOMING FFA ASSOCIATION UTILIZES THE SERVICES OF A PUBLIC RELATIONS COORDINATOR TO WORK WITH THE STATE FFA OFFICER TEAM ON MEDIA COMMUNICATIONS, FACEBOOK PAGE MANAGEMENT, AND WEBSITE SUPPORT. WITH THE HELP OF THE PR COORDINATOR, THE STATE FFA OFFICER TEAM ADVOCATES FOR FFA AND AGRICULTURE AND SHARES INFORMATION TO GROW THE WYOMING FFA MEMBERSHIP.

Program 3

Expenses: $13,937

THE WYOMING FFA ASSOCIATION'S NINE ELECTED OFFICERS SERVE IN ONE-YEAR POSITIONS TO PROVIDE LEADERSHIP TO THE ORGANIZATION. THESE OFFICERS ARE INVOLVED IN A VARIETY OF STATE-WIDE EVENTS THROUGHOUT THE YEAR. THE OFFICER TEAM IS ADVISED BY THE STATE FFA ADVISOR AND STAFF HIRED FOR THE FALL LEADERSHIP CONFERENCE AND THE STATE FFA CONVENTION. FUNDING FOR THE STATE FFA ADVISOR POSITION IS PROVIDED BY A GRANT FROM THE WYOMING DEPARTMENT OF EDUCATION. THE STATE FFA OFFICER FUNCTIONS ARE FUNDED THROUGH PUBLIC SUPPORT, MEMBERSHIP DUES AND EVENT REGISTRATION FEES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $144,595

Program Service Revenue $188,188

Investment Income $153

Other Revenue $0

TOTAL REVENUE $332,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,807

Other Expenses $310,438

TOTAL EXPENSES $310,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,936	$293,506	+0.1%
Expenses	$310,438	$282,473	+0.1%
Net Income	$22,498	$11,033	+1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARI SUE COVOLO	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN COXBILL	DIRECTOR	N/A	Director	$0	$0	$0
GRACE GODFREY	DIRECTOR	N/A	Director	$0	$0	$0
JASON GROENE	DIRECTOR	N/A	Director	$0	$0	$0
HEATH HORNECKER	DIRECTOR	N/A	Director	$0	$0	$0
CASEY STYVAR	DIRECTOR	N/A	Director	$0	$0	$0
RILEY BANKER	PARLIAMENTAR	N/A	Officer	$0	$0	$0
SHAWN BASART	VICE PRESIDE	N/A	Officer	$0	$0	$0
WYATT BLACKMORE	2ND VICE PRE	N/A	Officer	$0	$0	$0
STACY BRODA	WY STATE FFA	N/A	Officer	$0	$0	$0
SHELBY CLARK	3RD VICE PRE	N/A	Officer	$0	$0	$0
AHNYA IVIE-MOODY	PRESIDENT	N/A	Officer	$0	$0	$0
ANTHONY QUICK	REPORTER	N/A	Officer	$0	$0	$0
SPENCER RABOU	SENTINEL	N/A	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
2025	$332,936	$310,438	$125,072	$22,498
2024	$293,506	$282,473	$103,151	$11,033
2023	$245,470	$260,227	$92,029	$-14,757
2022	$247,345	$212,930	$109,027	$34,415
2021	$149,028	$168,348	$72,918	$-19,320
2020	$192,307	$172,798	$91,948	$19,509
2019	$162,510	$166,919	$73,599	$-4,409
2018	$146,796	$137,105	$72,927	$9,691