Indiana Farm Bureau Inc

Nonprofit profile at a glance

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

23 people listed

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

Indiana farm bureau, our mission is to protect and enhance the future of agriculture and our communities.

See schedule o

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

Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 34.1%; rating input score 34; 10th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Yes; rating input score 100

Independent voting board: 84.6%; rating input score 85; 18th 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

Operating margin: 9.5%; rating input score 66; 66th percentile among comparable filings
Total-asset coverage ratio: 2.13; rating input score 64; 64th percentile among comparable filings
Liabilities to assets ratio: 0.21; rating input score 57; 57th percentile among comparable filings
Officer compensation ratio: 17.9%; rating input score 5; 5th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 2.1% per year; rating input score 100; 19th percentile among comparable filings
Asset growth: 2.2% per year; rating input score 100; 18th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 11 of 13 board members independent · 8 of 9 filing controls reported
Programs: 3 filed program accomplishments
Leadership: top reported pay $408K · 23 people listed · 5 of 6 pay-setting controls reported
Consistency: 15 of 16 current checks pass · 1 finding to review
Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
Filing history: 15 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 27 filed money-flow records
Related organizations: 12 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.

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

Moderate — Transparency & Controls: Grant itemization coverage scored 34/100.
Review — Accountability: Governance controls: Form 990 shared with the board not reported.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
High — Sustainability: Officer compensation ratio scored 5/100.
Review — Sustainability: Liabilities to assets ratio scored 57/100.