UTAH FARM BUREAU FEDERATION

EIN: 870189000

SANDY, UT

Total Revenue
$4,006,144
Total Expenses
$4,359,710
Total Assets
$7,524,602
Net Assets
$4,733,107
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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
1945
Legal Domicile
UT
Principal Officer
DARREN HEDIN
Phone
8012333008
Tax Period
2023-11-01 to 2024-10-31

UTAH FARM BUREAU FEDERATION, founded in 1945, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023.

Mission

PROMOTE FARMING AND RANCHING IN UTAH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,938,141
Program Service Revenue $0
Investment Income $78,238
Other Revenue $1,989,765
TOTAL REVENUE $4,006,144

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,462,155
Fundraising Expenses $0
Other Expenses $1,897,555
TOTAL EXPENSES $4,359,710

Year-over-Year Comparison

2023 2022 Change
Revenue $4,006,144 $3,968,732 +0.0%
Expenses $4,359,710 $4,842,358 -0.1%
Net Income $-353,566 $-873,626 -0.6%
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

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Governance

Voting Members
14
Independent Members
11
Employees
18
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
3
$358,250
Total Directors
14
$389,406
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALJAY RIGBY PRESIDENT 20.00
Officer Director
$80,000 $0 $80,000
TYSON ROBERTS VICE PRESIDENT 2.50
Director
$2,002 $0 $2,002
SPENCER GIBBONS TREASURER/CEO 40.00
Officer Director
$168,000 $0 $168,000
CHRIS CHAMBERS DIRECTOR 2.50
Director
$2,924 $0 $2,924
LOGAN WILDE DIRECTOR 2.50
Director
$2,480 $0 $2,480
DUSTIN COX DIRECTOR 2.50
Director
$568 $0 $568
RUSS KOHLER DIRECTOR 2.50
Director
$2,255 $0 $2,255
STEVE HANBERG DIRECTOR 2.50
Director
$2,401 $0 $2,401
TREVOR BARNSON DIRECTOR 2.50
Director
$3,992 $0 $3,992
JARED BUHLER DIRECTOR 2.50
Director
$6,064 $0 $6,064
DOT JENSEN DIRECTOR 2.50
Director
$2,693 $0 $2,693
BRADY SPACKMAN DIRECTOR 2.50
Director
$3,148 $0 $3,148
SHERRIE TATE DIRECTOR 2.50
Director
$2,629 $0 $2,629
DARREN HEDIN CFO 40.00
Officer Director
$110,250 $0 $110,250
WADE GARRETT GOVERNMENT POLICIES 40.00
Highest
$137,541 $0 $137,541
AJ FERGUSON SAFETY AND IT 40.00
Highest
$105,830 $0 $105,830
SUSAN FURNER VP OF MARKETING 40.00
Highest
$102,827 $0 $102,827
CLAYTON BECKSTEAD MIRACLE OF AGRICULTURE 40.00
Highest
$105,200 $0 $105,200
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 $4,006,144 $4,359,710 $7,524,602 $-353,566
2023 $3,968,732 $4,842,358 $7,194,109 $-873,626
2022 $3,479,263 $3,737,064 $8,545,461 $-257,801
2021 $4,013,704 $4,352,276 $9,901,276 $-338,572
2020 $3,431,988 $3,376,067 $9,886,657 $55,921
2019 $3,253,507 $3,463,953 $8,070,762 $-210,446
2018 $3,066,623 $3,061,379 $8,133,459 $5,244
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