Maryland Farm Bureau Inc

Nonprofit profile at a glance

EIN
520403490
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Davidsonville, MD, USA
Phone
4109223426
Rating confidence
Limited

Official website

Reported finances

Revenue
$2,079,450
Expenses
$1,939,545
Assets
$5,660,440
Liabilities
$252,762

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

Leadership & pay

19 people listed

Executive titles in this filing

  • PARKER WELCH (EXECUTIVE DIRECTOR)
  • JAMIE RALEY JR (PRESIDENT)
  • JO-ANN CHASON (FIRST VICE PRESIDENT)
  • CHRIS CATTERTON (SECOND VICE PRESIDENT)

Highest reported compensation

  • PARKER WELCH (EXECUTIVE DIRECTOR): $138,197 total reported compensation
  • JAMIE RALEY JR (PRESIDENT): $13,600 total reported compensation
  • JO-ANN CHASON (FIRST VICE PRESIDENT): $5,210 total reported compensation

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

Overview

Mission

Maryland farm bureau, inc. Is an agricultural, not-for-profit membership organization whose mission is to protect and grow Maryland agriculture and preserve rural life.

What it reported doing in 2024

Educational outreach - the Maryland farm bureau, inc. (mfb) attempts to educate the general public on the safe and abundant food supply in the united states. This is accomplished in a variety of ways. Mfb's quarterly magazine carries many articles that explain modern agriculture and just how ones food gets from the field to their fork. Other pamphlets and brochures explain various segments of the government relations - as each generation is further removed from the agricultural industry. With the help of other organizations, mfb trains teachers to be prepared to teach kids about agriculture in elementary and secondary schools.

Operating model

Revenue model
Other-operating. 62% of the money available for current operations came from other operating revenue.
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: 67
  • Accountability: 89
  • Sustainability: 60
  • Growth: 20

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 77.8%; rating input score 78; 0th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 40.9%; rating input score 41; 14th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 6.7%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 2.92; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 8.2%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -0.8% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 16 of 18 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $138K · 19 people listed
  • Highest-paid contractors: 2 contractors listed · $214K reported
  • Consistency: 10 of 12 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • 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.

  • Moderate — Transparency & Controls: Grant itemization coverage scored 41/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Review — Sustainability: Operating margin scored 55/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.