Franklin County Farm Bureau

Nonprofit profile at a glance

EIN
370667471
IRS 990 coverage
2020–2023
Forms available
Form 990 2023, Form 990-EZ 2022
Location
Benton, IL, USA
Rating
89
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$212,300
Expenses
$157,829
Assets
$371,917
Liabilities
$4,376

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • BRAD BROWNING (PRESIDENT)
  • L MCCLERREN (FMR PRESIDENT)

Highest reported compensation

  • MARK LAMCZYK (VICE PRES): $600 total reported compensation
  • STEV SNIDERWIN (TREASURER): $600 total reported compensation
  • L MCCLERREN (FMR PRESIDENT): $600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the development of the most profitable and permanent system of agriculture possible in the county and to promote the educational social and financial welfare of its inhabitants

What it reported doing in 2023

Support publication of so Illinois farm bureau news to the membership

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 66
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.5%; rating input score 83
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 25.7%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 2.36; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 3.5%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 8.8% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 2.8% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: -0.6% per year; rating input score 0; 23rd percentile among comparable filings

Details

  • Where the money goes: 82.5% of revenue deployed · 100% of spending went to programs
  • Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $158K in reported program spending
  • Leadership: top reported pay $600 · 14 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes major donors and related organizations
  • Filing history: 2 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.