Kentucky Farm Bureau Federation
Nonprofit profile at a glance
- EIN
- 616024908
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Morganfield, KY, USA
- Phone
- 2703891911
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $46,365
- Expenses
- $57,223
- Assets
- $463,441
- Liabilities
- $331,745
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Dustin White (president)
- Bryan Hendrickson (vice president)
People named in this filing
- Dustin White (president)
- Bryan Hendrickson (vice president)
- Ben Dossett (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Relationship of Activities to Accomplishment of Exempt Purposes 1b) Annual dues are paid by each member to the organization allowing them participation in the many services provided by the organization as well as affiliation with the state and national Farm Bureau organizations. 2a) Agency Manager administrates the insurance services of our organization. He pays an occupancy fee to the organization for the portion of our office dedicated to his operations. 2b) County Comp (SFB) is a membership incentive from Southern Farm Bureau Life paid to the organization based upon member purchases of the insurance product(s). 10a). Bushels For Books is a program which purchases agricultural themed books for placement in local schools and libraries.
What it reported doing in 2024
PART III Union County Farm Bureau engaged in the following activities with the intention of promoting agriculture: (number of participants in parentheses) * Provide members an opportunity to attend Farm Bureau State & National Annual Meetings to share ideas, participate in meetings and discussions, visit with farmers, politicians and those interested in success of the agricultural industry (30). * Provide a forum for young people to demonstrate their talents and abilities on a local, state and national level (15) * Provide members an opportunity to receive scholarship money to assist them with the costs of higher education (12) * Provide members an opportunity to meet with local, state and federal elected officials to discuss agricultural issues (95) * Sponsor a safety field day for fifth grade students in all schools in Union County (200) * Food Check-Out Day Proclamation; donation of food to Audubon Area Services. * Donation of $200 for Relay for Life luminaries. * Provide local newspapers, radio and television stations with information on events and issues relating to agriculture and activities and programs provided or sponsored by Union County Farm Bureau. Information also on Union County Farm Bureau Website. * We are providing all of our county schools and libraries with agricultural books. (25) Provide local teachers with summer training (6)
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
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 44
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -23.4%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 8.1; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.72; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -17% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 32nd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 21/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.