THE FARMERS EDUCATIONAL AND COOPERATIVE UNION OF AMERICA (EIN 840200555) - 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

1902

Legal Domicile

Principal Officer

ROBERT LAREW

Phone

2025541600

Tax Period

2023-01-01 to 2023-12-31

THE FARMERS EDUCATIONAL AND COOPERATIVE UNION OF AMERICA, founded in 1902, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $4.1M left a modest 14% surplus.

Mission

PROTECT & ENHANCE THE ECONOMIC WELL-BEING & QUALITY OF LIFE FOR FAMILY FARMERS AND RANCHERS.

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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 $830,019

Program Service Revenue $2,233,338

Investment Income $901,159

Other Revenue $817,919

TOTAL REVENUE $4,782,435

Expense Breakdown

Grants Paid $92,852

Salaries & Benefits $1,915,247

Fundraising Expenses $0

Other Expenses $2,122,803

TOTAL EXPENSES $4,130,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,782,435	$5,269,053	-0.1%
Expenses	$4,130,902	$4,390,140	-0.1%
Net Income	$651,533	$878,913	-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

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

$447,989

Total Directors

$447,989

Key Employees

$396,121

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT LAREW	PRESIDENT	38.00	Officer Director	$378,146	$19,800	$397,946
JEFFERY KIPPLEY	VICE PRESIDENT	29.00	Officer Director	$46,580	$3,463	$50,043
DARIN VON RUDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
DOUG SOMBKE	TREASURER	2.00	Officer Director	$0	$0	$0
AARON LEHMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY WERTISH	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN HANSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ROGER NOONAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK WATNE	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT BLUBAUGH	BOARD MEMBER	2.00	Director	$0	$0	$0
CHAD FRANKE	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT WELLS	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID COKER	BOARD MEMBER (UNTIL 2/23)	2.00	Director	$0	$0	$0
EDDIE TODD	BOARD MEMBER (FROM 3/23)	2.00	Director	$0	$0	$0
JOAQUIN CONTENTE	BOARD MEMBER	2.00	Director	$0	$0	$0
DONN TESKE	BOARD MEMBER	2.00	Director	$0	$0	$0
BOB THOMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM COUDRON	BOARD MEMBER	2.00	Director	$0	$0	$0
WALTER SCHWEITZER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE LOGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE OLDHAM	BOARD MEMBER	2.00	Director	$0	$0	$0
RON STRATFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID VELDE	GENERAL COUNSEL	39.00	Key Emp	$203,106	$9,824	$212,930
ETHAN WHITMORE	VP OF OPERATIONS	32.00	Key Emp	$164,547	$18,644	$183,191
MICHAEL STRANZ	VP OF ADVOCACY	40.00	Highest	$184,650	$13,060	$197,710
ROSS HETTERVIG	SR. DIR. COMMUNICATIONS	40.00	Highest	$124,907	$17,885	$142,792

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	No data	No data	No data	No data
2023	$4,782,435	$4,130,902	$34,462,229	$651,533
2022	$5,269,053	$4,390,140	$31,241,769	$878,913
2021	$4,204,499	$2,976,786	$34,381,718	$1,227,713
2020	$8,599,128	$3,478,451	$28,659,356	$5,120,677
2019	$3,939,317	$3,762,520	$22,549,956	$176,797
2018	$4,390,685	$4,033,560	$20,650,622	$357,125

THE FARMERS EDUCATIONAL AND COOPERATIVE UNION OF AMERICA