Kentucky Farm Bureau Federation Logan County Farm Bureau

Nonprofit profile at a glance

EIN
616026106
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Russellville, KY, USA
Phone
2707269539
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$48,695
Expenses
$54,190
Assets
$215,701

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

Leadership & pay

10 people listed

Executive titles in this filing

  • GRANT HILDABRAND (PRESIDENT)

People named in this filing

  • GRANT HILDABRAND (PRESIDENT)
  • THOMAS POOLE (1ST VICE PRE)
  • WESLEY ESTES (2ND VICE PRE)

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

Farm bureau is a voluntary organization of farm families and their allies dedicated to serving as the voice of agriculture by identifying problems, developing solutions and taking actions which will improve net farm income, achieve better economic opportunities and enhance the quality of life for all.

What it reported doing in 2024

Kentucky farm bureau has established a reputation as an effective advocate for its members. Its information products and member service programs are also well respected and highly successful. Programs offered include public affairs, farm bureau insurance and other member services, women's leadership activities, ag in the classroom, safety, health and wellness, accidental death policy, theft reward, estate planning, commodity market information, scholarships, certified roadside farm markets and young farmers.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 44
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.4%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -11.3%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 3.98; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: -11.1% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: -5% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $53K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 5 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 — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.