Henry County Cattlemens Association INC EIN 61-1391086

Henry County Cattlemens Association INC

EIN  61-1391086 Mutual-benefit / member-serving New Castle, KY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Distributes tobacco settlement funds and educates beef farmers on best practices.
Leadership
John Yount · Director
Money in and out
$605K revenue, $601K expenses
Bottom line
+1% surplus margin

Distributes tobacco settlement funds and educates beef farmers on best practices. For fiscal year 2024 it reported $605K in revenue, $601K in expenses, and $33K in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$605K
Pt VIII · Ln 12
Total expenses
$601K
Pt IX · Ln 25
Net assets
$33K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.13 Fundraising $0.01
Surplus margin
+1%
revenue over expenses, this year▼ -96% vs prior filing year
Program spending
86%
of expenses reach programs▼ -14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$605K
FY2024▲ ×19
Expenses
$601K
FY2024▲ ×23
Total assets
$33K
FY2024▲ +13%
Total liabilities
$0
FY2024
Total revenue
$605K
Pt VIII · Ln 12
Total expenses
$601K
Pt IX · Ln 25
Net assets
$33K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4K
Total assetsPt X · Ln 16$33K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $518K of program spending, described in the organization's own filed words · FY2024.
01

Adminstration of henry countys share of the major tobacco company settlement awarded the commonwealth of kentucky as well as educate henry county beef producers on best methods to produce beef

$518Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHenry County Cattlemens Association INC
EINHdr · item D61-1391086
Principal addressHdr · item CNew Castle, KY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(5) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFMay 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Henry County Cattlemens Association INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$600K · 99%
Investment income$5K · 1%
Contributions & grants99%$600K
Investment income1%$5K
— government grantsLn 1e$551K
Total revenueLn 12$605K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.13 Fundraising $0.01
Program services86%$518K
Management & general13%$76K
Fundraising1%$7K
Total functional expensesLn 25$601K

Balance Sheet

Part X · end of year
CashLn 1$16K
Total assetsLn 16$33K
Total liabilitiesLn 26$0
Total net assetsLn 32$33K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $16K · Operating expenses/yr $601K
0.3 months
Where the money goes
Program services
Program services $518K · Total expenses $601K
86%
Management & General
Management & general $76K · Total expenses $601K
13%
Fundraising
Fundraising $7K · Total expenses $601K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $4K · Solicited contributions (2-yr avg) $37K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $600K · Total revenue $605K
99%
Government reliance
Government grants $551K · Total revenue $605K
91%
Earned-income share
Program service revenue $0 · Total revenue $605K
0%
Investment reliance
Investment income $5K · Total revenue $605K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $601K
0%
Growth & trend
Revenue growth (YoY)
This year $605K · Prior year $31K
×19
Revenue CAGR
FY2020 $307K · FY2024 $605K
+19%
Net-asset trend (YoY)
End of year $33K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $605K · Expenses $601K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $33K
Net-asset ratio
Net assets $33K · Total assets $33K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $33K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Yount · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $601K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $601K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 13%
Fundraising cost ratio 1%
Revenue growth ×19

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$605K revenue · viewing · ⤓ 990 PDF
FY2023$31K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$388K revenue · ⤓ 990 PDF
FY2020$307K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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