Iowa Farm Bureau Federation D/b/a Decatur County Farm Bureau

Nonprofit profile at a glance

EIN
420681393
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Leon, IA, USA
Phone
6414466412
Rating confidence
Limited

Reported finances

Revenue
$132,739
Expenses
$85,049
Assets
$1,215,447
Liabilities
$1,188

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

Leadership & pay

12 people listed

Executive titles in this filing

  • ANDREW YODER (PRESIDENT)
  • TRAVIS VANLAAR (VICE PRESIDENT)

Highest reported compensation

  • NANCY HOFMANN (DIRECTOR): $185 total reported compensation
  • LARRY GRIFFIN (SECRETARY): $135 total reported compensation
  • CHUCK CLARK (DIRECTOR): $100 total reported compensation

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

Overview

Mission

To create a vibrant future for agriculture, farm families and their communities.

What it reported doing in 2024

Public policy: the company is continually active in their policy development and policy implementation activities. An opinionnaire is sent to approximately 340 members each year regarding local, state, and national issues. Proposed resolutions are formulated and presented at a board meeting and thoroughly debated and amended. Adopted resolutions are then supported by the voting delegate at the state policy conference. The company's board and members then support local and state policy by contacting the representatives and lawmakers. The company's board and members attend legislative forum meetings to stay in touch with lawmakers. The company board members attend meetings held at the capitol to support farm bureau policy. The company meets national representatives to discuss national issues at a regional board meeting.

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: 90
  • Accountability: 86
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 35.9%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 14.29; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 3.6% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 38.5% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 12 of 12 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $185 · 12 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.