Montgomery County Farm Bureau
EIN: 370664118 · Hillsboro, IL
Is Montgomery County Farm Bureau Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Montgomery County Farm Bureau
Montgomery County Farm Bureau (EIN: 370664118) is a nonprofit organization based in Hillsboro, IL. The organization reported total revenue of $540K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Montgomery County Farm Bureau's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Montgomery County Farm Bureau is a small nonprofit that has been operating for 90 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $393K |
| Total Expenses | $283K |
| Surplus / Deficit | +$111K |
| Total Assets | $1.8M |
| Total Liabilities | $22K |
| Net Assets | $1.8M |
| Operating Margin | 28.1% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 76.0 months |
Financial Health Grade: A
In 2024, Montgomery County Farm Bureau reported a surplus of $111K with revenue exceeding expenses, holds 76.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Montgomery County Farm Bureau's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.1% | -6.4% | +14.0% |
| 2023 | +8.5% | +9.7% | +8.2% |
| 2022 | +14.5% | +29.2% | -2.0% |
| 2021 | -2.3% | -3.2% | +18.5% |
| 2020 | +17.2% | -11.5% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1936 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Montgomery County Farm Bureau has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Montgomery County Farm Bureau with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $111K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Montgomery County Farm Bureau
Is Montgomery County Farm Bureau a legitimate charity?
Based on AI analysis of IRS 990 filings, Montgomery County Farm Bureau (EIN: 370664118) insufficient data. 0 red flags identified, 0 strengths noted.
How does Montgomery County Farm Bureau spend its money?
Detailed spending breakdown data is not yet available for Montgomery County Farm Bureau. Check back for updated IRS 990 analysis.
Are donations to Montgomery County Farm Bureau tax-deductible?
Montgomery County Farm Bureau is registered as a tax-exempt nonprofit (EIN: 370664118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Montgomery County Farm Bureau showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Montgomery County Farm Bureau's revenue has grown by 36.3%, moving from $289K to $393K. Total assets increased by 54.3% over the same period, from $1.2M to $1.8M. Total functional expenses fell by 1.2%, from $286K to $283K. In its most recent filing year (2024), Montgomery County Farm Bureau reported a surplus of $111K, with revenue exceeding expenses. The organization holds $22K in liabilities against $1.8M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $393K | $283K | $1.8M | $22K | — | — |
| 2023 | $402K | $302K | $1.6M | $29K | — | View 990 |
| 2022 | $370K | $275K | $1.5M | $27K | — | View 990 |
| 2021 | $323K | $213K | $1.5M | $46K | — | View 990 |
| 2020 | $331K | $220K | $1.2M | $37K | — | — |
| 2019 | $282K | $249K | $1.1M | $27K | — | View 990 |
| 2018 | $298K | $267K | $1.1M | $68K | — | View 990 |
| 2017 | $289K | $273K | $1.1M | $88K | — | View 990 |
| 2016 | $284K | $308K | $1.1M | $101K | — | View 990 |
| 2015 | $290K | $315K | $1.1M | $67K | — | View 990 |
| 2014 | $298K | $312K | $1.1M | $70K | — | View 990 |
| 2013 | $293K | $316K | $1.1M | $61K | — | View 990 |
| 2012 | $298K | $309K | $1.2M | $62K | — | View 990 |
| 2011 | $289K | $286K | $1.2M | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $393K, expenses of $283K, and assets of $1.8M (revenue -2.1% year-over-year).
- 2023: Revenue of $402K, expenses of $302K, and assets of $1.6M (revenue +8.5% year-over-year).
- 2022: Revenue of $370K, expenses of $275K, and assets of $1.5M (revenue +14.5% year-over-year).
- 2021: Revenue of $323K, expenses of $213K, and assets of $1.5M (revenue -2.3% year-over-year).
- 2020: Revenue of $331K, expenses of $220K, and assets of $1.2M (revenue +17.2% year-over-year).
- 2019: Revenue of $282K, expenses of $249K, and assets of $1.1M (revenue -5.3% year-over-year).
- 2018: Revenue of $298K, expenses of $267K, and assets of $1.1M (revenue +3.0% year-over-year).
- 2017: Revenue of $289K, expenses of $273K, and assets of $1.1M (revenue +2.0% year-over-year).
- 2016: Revenue of $284K, expenses of $308K, and assets of $1.1M (revenue -2.2% year-over-year).
- 2015: Revenue of $290K, expenses of $315K, and assets of $1.1M (revenue -2.5% year-over-year).
- 2014: Revenue of $298K, expenses of $312K, and assets of $1.1M (revenue +1.4% year-over-year).
- 2013: Revenue of $293K, expenses of $316K, and assets of $1.1M (revenue -1.4% year-over-year).
- 2012: Revenue of $298K, expenses of $309K, and assets of $1.2M (revenue +3.1% year-over-year).
- 2011: Revenue of $289K, expenses of $286K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Montgomery County Farm Bureau is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.