Carroll County Farm Bureau
Nonprofit profile at a glance
- EIN
- 362165031
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Mount Carroll, IL, USA
- Phone
- 8152443001
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $327,829
- Expenses
- $203,585
- Assets
- $1,370,796
- Liabilities
- $37,820
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- BRAD SMITH (PRESIDENT)
Highest reported compensation
- JASON VOS (DIRECTOR): $356 total reported compensation
- ALLEN DERRER (DIRECTOR): $340 total reported compensation
- KEITH RATH (SECRETARY): $333 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Continue to enhance agriculture and the quality of life in our county through education, involvement, and leadership. This means we will do what we can to help our farmers succeed in their business along with working to improve life in our county.
What it reported doing in 2024
Information publication - to provide a monthly publication with agricultural related information to the membership. Circulation of publication is to the membership of plat book sales - to provide county plat books for the residents of the county.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.7%; rating input score 38
- Program expense ratio: 44.3%; rating input score 44
- Fundraising efficiency: $17.23 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 37.9%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 6.73; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 26.5% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 37.7% of revenue deployed · 44.3% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $356 · 14 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and related organizations
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 6 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- Moderate — Financial Efficiency: Program expense ratio scored 44/100.
- Review — Financial Efficiency: Fundraising efficiency scored 54/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.