Civic Intelligence

Woodford County Farm Bureau Federation

EIN 61-0515590 • 501(c)5 • Versailles, KY

Profile

Promote the agriculture industry

423 Lexington RoadVersailles, KY 40383

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

0.45x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

3.43x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Source year 2024

Net Margin

52nd percentile

7.1%

Higher net margin than 52% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)5 • $500k-$1M nonprofits • Source year 2024

Asset Growth

29th percentile

-1.4%

Faster asset growth than 29% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-24%

Faster revenue growth than 7% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$872,197

Down $12,044 (-1.4%) from 2023

Liabilities

Down

$391,568

Down $20,176 (-4.9%) from 2023

Net Assets

Up

$480,629

Up $8,132 (+1.7%) from 2023

Operations
Liabilities / Revenue100th percentileNet Margin52nd percentile

Revenue

Down

$114,075

Down $36,453 (-24%) from 2023

Expenses

Down

$105,943

Down $24,095 (-19%) from 2023

Net Income

Down

$8,132

Down $12,358 (-60%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $1,003,389Liabilities 2011: $810,690Net Assets 2011: $192,6992011Assets 2012: $994,675Liabilities 2012: $794,718Net Assets 2012: $199,9572012Assets 2013: $990,215Liabilities 2013: $778,265Net Assets 2013: $211,9502013Assets 2014: $956,906Liabilities 2014: $708,542Net Assets 2014: $248,3642014Assets 2015: $964,676Liabilities 2015: $668,930Net Assets 2015: $295,7462015Assets 2016: $945,700Liabilities 2016: $0Net Assets 2016: $945,7002016Assets 2017: $938,355Liabilities 2017: $578,377Net Assets 2017: $359,9782017Assets 2018: $921,836Liabilities 2018: $515,363Net Assets 2018: $406,4732018Assets 2019: $908,417Liabilities 2019: $492,851Net Assets 2019: $415,5662019Assets 2020: $907,375Liabilities 2020: $479,273Net Assets 2020: $428,1022020Assets 2021: $891,431Liabilities 2021: $454,302Net Assets 2021: $437,1292021Assets 2022: $884,361Liabilities 2022: $432,354Net Assets 2022: $452,0072022Assets 2023: $884,241Liabilities 2023: $411,744Net Assets 2023: $472,4972023Assets 2024: $872,197Liabilities 2024: $391,568Net Assets 2024: $480,6292024

Highlighted filing

2024

Assets$872,197
Liabilities$391,568
Net Assets$480,629
Open 2024 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2011: $56,114Expenses 2011: $40,524Net Income 2011: $15,5902011Revenue 2012: $39,517Expenses 2012: $32,259Net Income 2012: $7,2582012Revenue 2013: $56,524Expenses 2013: $44,531Net Income 2013: $11,9932013Revenue 2014: $140,188Expenses 2014: $103,774Net Income 2014: $36,4142014Revenue 2015: $100,885Expenses 2015: $53,503Net Income 2015: $47,3822015Revenue 2016: $89,499Expenses 2016: $88,544Net Income 2016: $9552016Revenue 2017: $150,085Expenses 2017: $86,654Net Income 2017: $63,4312017Revenue 2018: $144,142Expenses 2018: $97,647Net Income 2018: $46,4952018Revenue 2019: $84,357Expenses 2019: $75,264Net Income 2019: $9,0932019Revenue 2020: $98,521Expenses 2020: $85,985Net Income 2020: $12,5362020Revenue 2021: $93,419Expenses 2021: $84,392Net Income 2021: $9,0272021Revenue 2022: $91,676Expenses 2022: $76,798Net Income 2022: $14,8782022Revenue 2023: $150,528Expenses 2023: $130,038Net Income 2023: $20,4902023Revenue 2024: $114,075Expenses 2024: $105,943Net Income 2024: $8,1322024

Highlighted filing

2024

Revenue$114,075
Expenses$105,943
Net Income$8,132
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$872,197
Liabilities
$391,568
Net assets
$480,629
Revenue
$114,075
Expenses
$105,943
Net income
$8,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.87$0.39$0.48$0.11$0.11$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.41$0.47$0.15$0.13$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.43$0.45$0.09$0.08$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.89$0.45$0.44$0.09$0.08$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.48$0.43$0.10$0.09$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.91$0.49$0.42$0.08$0.08$0.01
2018Summary only. Only limited summary data is available for this year.$0.92$0.52$0.41$0.14$0.10$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.94$0.58$0.36$0.15$0.09$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.09$0.09$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.67$0.30$0.10$0.05$0.05
2014Summary only. Only limited summary data is available for this year.$0.96$0.71$0.25$0.14$0.10$0.04
2013Summary only. Only limited summary data is available for this year.$0.99$0.78$0.21$0.06$0.04$0.01
2012Summary only. Only limited summary data is available for this year.$0.99$0.79$0.20$0.04$0.03$0.01
2011Summary only. Only limited summary data is available for this year.$1.00$0.81$0.19$0.06$0.04$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$155,741
Mission and Program Overview

Mission

Promote the agriculture industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$821,898$808,829▼ $13,069
Cash and Non-Interest-Bearing Accounts$61,017$63,368▲ $2,351
Prepaid Expenses and Deferred Charges$1,326$0▼ $1,326
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$884,241$872,197▼ $12,044
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$411,744$390,795▼ $20,949
Accounts Payable and Accrued Expenses-$773-
Total Liabilities$411,744$391,568▼ $20,176
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$472,497$480,629▲ $8,132
Total Net Assets Fund Balance$472,497$480,629▲ $8,132
Total Liabilities and Net Assets / Fund Balance$884,241$872,197▼ $12,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$356,192$136,152$492,344
Land$447,976-$447,976
Leasehold Improvements$4,661$7,261$11,922
Equipment-$6,415$6,415
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Jeremy DotsonPresident
Mike WoodsVice President
Adam ProbstDirector
Austin BakerDirector
Barry DruryDirector
Bob Mac ClevelandDirector
Bobby LippertDirector
Christopher AllenDirector
Curtis CongeltonDirector
Darrell VernerDirector
Donald MitchellDirector
Hunter HicksDirector
Jeff GreenwellDirector
Jeremy ShyrockDirector
Jesse LaneDirector
Ken ReedDirector
Kerry BarlingDirector
Kristen VestesenDirector
Luke William MitchellDirector
Lynn MartinDirector
Martha PrewittDirector
Melissa TromblinDirector
Patty PerryDirector
Paul Gonnelli IiiDirector
Renee PortwoodDirector
Rick WallinDirector
Rusty ThompsonDirector
Shawn KnightDirector
Travis ThompsonDirector
Beau NealSecretary
Hurst NuckolsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$57,058
Program Service Revenue
$14,349
Investment Income
$33
Other Revenue
$42,635
All Other Contributions
$5,099
Change in Net Assets
$8,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,943
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$27,605--$27,605
Advertising$16,483--$16,483
Depreciation Depletion-$13,069-$13,069
All Other Expenses$8,562$1,669-$10,231
Interest-$6,596-$6,596
Other Expenses$4,804$4,996-$4,804
Fees for Services Accounting-$3,288-$3,288
Total Functional Expenses$57,454$48,489$0$105,943
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$54,473
Fundraising Direct Expenses$41,666
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rodeo$54,473$54,473$41,666$12,807
Total Events$54,473$54,473$41,666$12,807
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“REVIEWED BY TREASURER”

Form 990, Part VI, Section C, Line 18

“Available upon written request”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Woodford County Farm Bureau Federation
EIN
61-0515590
Phone
8597535454
Address
423 LEXINGTON ROAD, VERSAILLES, KY 40383

Signing Officer

Name
Hurst Nuckols
Title
Treasurer
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Dotson
Formed
1988
Legal Domicile
Ky
Voting Board Members
31
Independent Board Members
0
Employees
0

Preparer

Firm
Charles T Mitchell Co Pllc
Address
229 W MAIN ST STE 103, FRANKFORT, KY 40601
Preparer
Kim Field CPA
Phone
5022277395
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