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

Nonprofit profile at a glance

EIN
420680720
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Logan, IA, USA
Phone
7126442701
Rating confidence
Limited

Reported finances

Revenue
$149,384
Expenses
$122,097
Assets
$1,297,782
Liabilities
$2,056

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

Leadership & pay

16 people listed

Executive titles in this filing

  • MICHAEL RUFFCORN (PRESIDENT)
  • MATT EARLYWINE (VICE PRESIDENT)

Highest reported compensation

  • DERRICK METHER (SECRETARY/TREASURER): $52 total reported compensation
  • JASON SHERER (DIRECTOR): $50 total reported compensation
  • MICHAEL RUFFCORN (PRESIDENT): $34 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: harrison county farm bureau is very active in their policy development and policy implementation activities. Opinionnaires were filled out by members prior to the annual meeting dealing with local, state, and national issues. Proposed resolutions are presented at a board meeting in july with fb members invited to be debated and amended. Adopted resolutions are supported by the voting delegate at the state policy conference. A regional board meeting was held. The purpose of this meeting is to surface county issues. County supervisors and county engineer attend a board meeting in the spring to talk about the budget and subject matters pertaining to the county. Board members regularly attend legislative coffees and other meetings that involve issues with harrison county. The voting delegate attended fb events and talked with senators and representatives. Board members attend fb days at the capitol. State representatives attended local fb meeting to discuss different issues.

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: 82
  • Accountability: 86
  • Sustainability: 71
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th 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: 18.3%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 10.63; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 0.2%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.5% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 32.8% 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 $52 · 16 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 37/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.