Farm Credit Foundations Welfare Benefits Trust
501(c)(9)
100% goes to programs Thin reserves Growing revenue
Farm Credit Foundations Welfare Benefits Trust is a 501(c)(9) organization based in Saint Paul, Minnesota, registered in 1972, with $231,757,891 in FY2024 revenue. CharityIndex grades it C+, and it directs about 100% of spending to programs.
30 7th St E Ste 3000, Saint Paul, MN, 55101 EIN 48-6173114 Since 1972
Revenue (FY2024)
$231.8M
▲ 13.0% vs prior year
Expenses (FY2024)
$236.7M
Net assets
-$2.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Farm Credit Foundations Welfare Benefits Trust: 100% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Farm Credit Foundations Welfare Benefits Trust: 0 mo reserves · -2% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Farm Credit Foundations Welfare Benefits Trust: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Farm Credit Foundations Welfare Benefits Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Organization provides medical, dental, ad & d and life, flex, vision and long-term disability
Contact & location
- Address
- 30 7th St E Ste 3000, Saint Paul, MN, 55101
- City
- Saint Paul
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $171.9M (FY2020) to $231.8M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $16.9MNet assets -$2.4M
Operating margin
-2.1%
Spent more than it raised in the latest fiscal year.
Total assets
$14.5M
Total liabilities
$16.9M
Net assets
-$2.4M
Salaries & benefits
$50.8M
21% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $231,757,891▲13.0% | $236,658,996▲12.2% | -$2,379,200▼194% | $14,501,522▼11.7% | 990 |
| 2023 | $205,176,297▲7.7% | $210,937,106▲6.5% | $2,521,905▼69.6% | $16,421,770▼35.3% | 990 |
| 2022 | $190,444,638▲9.0% | $197,996,193▲7.1% | $8,282,714▼47.7% | $25,396,278▼21.4% | 990 |
| 2021 | $174,673,775▲1.6% | $184,934,418▲16.9% | $15,834,269▼39.3% | $32,294,859▼18.0% | 990 |
| 2020 | $171,856,063 | $158,182,483 | $26,094,912 | $39,390,453 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bob Rhode | Svp & General Counsel | 0.01 | — |
| Erik Person | Executive Head of Enter Risk M | 0.01 | — |
| Heather Vidourek | Chief Admin Officer | 0.01 | — |
| Jase Wagner | Ceo | 0.01 | — |
| Jeff Moore | Cfo | 0.01 | — |
| John Phelan | Chief Cr Officer | 0.01 | — |
| Kevin Swayne | Ceo | 0.01 | — |
| Kim Brunner | Executive Vp & Cfo | 0.01 | — |
| Tim Koch | Executive Vp Business Develop | 0.01 | — |
Frequently asked questions
- Is Farm Credit Foundations Welfare Benefits Trust a legitimate nonprofit?
- Yes. Farm Credit Foundations Welfare Benefits Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 48-6173114, based in Saint Paul, Minnesota.
- What is Farm Credit Foundations Welfare Benefits Trust's EIN?
- Farm Credit Foundations Welfare Benefits Trust's Employer Identification Number (EIN) is 48-6173114.
- How much revenue does Farm Credit Foundations Welfare Benefits Trust report?
- Farm Credit Foundations Welfare Benefits Trust reported $231,757,891 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Farm Credit Foundations Welfare Benefits Trust's spending goes to programs?
- Farm Credit Foundations Welfare Benefits Trust spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Farm Credit Foundations Welfare Benefits Trust have?
- CharityIndex grades Farm Credit Foundations Welfare Benefits Trust C+, based on program efficiency and fundraising cost.
- How much does Farm Credit Foundations Welfare Benefits Trust's highest-paid employee make?
- The highest reported compensation on Farm Credit Foundations Welfare Benefits Trust's latest Form 990 is $0, paid to Bob Rhode (Svp & General Counsel).
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Data for Farm Credit Foundations Welfare Benefits Trust (EIN 48-6173114) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.