Arkansas Farm Bureau Federation

Nonprofit profile at a glance

EIN
710242776
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Little Rock, AR, USA
Phone
5012244400
Rating confidence
Limited

Official website

Reported finances

Revenue
$19,217,391
Expenses
$15,595,622
Assets
$82,369,016
Liabilities
$9,597,792

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

34 people listed

Executive titles in this filing

  • RICH HILLMAN (OUTGOING PRESIDENT)
  • MIKE FREEZE (VICE PRESIDENT)
  • DAN WRIGHT (INCOMING PRESIDENT)
  • TERRY DABBS (SECRETARY/PRESIDENT)
  • JARROD YATES (EXECUTIVE VICE PRESIDENT)

Highest reported compensation

  • STEVE EDDINGTON (VP, PUBLIC RELATIONS): $357,709 total reported compensation
  • EVAN TEAGUE (VP, ENVIRONMENTAL ISSUES): $319,176 total reported compensation
  • JARROD YATES (EXECUTIVE VICE PRESIDENT): $316,835 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Farm bureau is an independent, voluntary organization of farm and ranch families united for the purpose of analyzing their problems and formulating action to achieve educational improvement, economic opportunity, social advancement and promote the national well-being. Farm bureau is nonpartison, nonsectarian, nongovernmental and nonsecret in character. Farm bureau strives to be the voice of agricultural producers at all levels.the mission of farm bureau is to:1. Advocate the interests of agriculture in the public arena;2. Disseminate information concerning the value and importance of agriculture; and3. Provide products and services which improve the quality of lives of our members.

What it reported doing in 2024

Same as mission stated above.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 74
  • Accountability: 37
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 61.9%; rating input score 62; 13th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.8%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 5.28; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 22.9%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.6% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 3.9% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 16 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $358K · 34 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $209K reported
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 36 filed money-flow records
  • Related organizations: 8 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 3/100.