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

Nonprofit profile at a glance

EIN
420681034
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Eldora, IA, USA
Phone
6419395428
Rating confidence
Limited

Reported finances

Revenue
$164,095
Expenses
$103,903
Assets
$1,318,624
Liabilities
$2,615

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

Leadership & pay

16 people listed

Executive titles in this filing

  • MINDY RODAMAKER (PRESIDENT)
  • BRADLEY YOUNG (VICE PRESIDENT)

Highest reported compensation

  • BRADLEY YOUNG (VICE PRESIDENT): $40 total reported compensation
  • BRANDON GEHRKE (SECRETARY): $40 total reported compensation
  • KOREY DEBERG (TREASURER): $40 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

Agricultural education: the company spends time educating the public and youth about Iowa's agriculture and the agricultural economy. The company works with community partners to host an event informing the non-farm public and raise awareness on the impact of agriculture, award $2,000 to deserving college freshmen in scholarship funds and $1,500 was spent to sponsor agricultural educational programs including ag marketing speakers, watershed issues and risk management. The company partners with the local watershed alliance to promote conservation methods and edge of field practices. Funds went to educate young farmers and engage that demographic in our activities and the work of the company. The company utilized staff and volunteers to educate in youth entrepreneurial education programs, ag in the classroom presentations, stem programs and other classroom programs in our county elementary schools.

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: 78
  • 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: 36.7%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 12.69; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.2% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 34.1% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 16 of 16 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $40 · 16 people listed
  • Consistency: 11 of 11 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 37/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.