Farmsteads of New England Inc (EIN 020517433) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

Matthew Cordaro

Phone

6034642590

Tax Period

2024-07-01 to 2025-06-30

Farmsteads of New England Inc, founded in 2000, is a community nonprofit in the Mental Health sector that reported $7.8M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $9.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

To provide both day and residential programs in a farming environment for people with developmental disabilities such as autism and intellectual disabilities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $603,866

Program Service Revenue $7,212,669

Investment Income $4,359

Other Revenue $13,251

TOTAL REVENUE $7,834,145

Expense Breakdown

Grants Paid $2,757,298

Salaries & Benefits $4,863,230

Fundraising Expenses $0

Program Expenses $8,731,685

Other Expenses $1,911,210

TOTAL EXPENSES $9,531,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,834,145	$6,321,552	+0.2%
Expenses	$9,531,738	$5,361,789	+0.8%
Net Income	$-1,697,593	$959,763	-2.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

159

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$397,425

Total Directors

$290,709

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Cordaro	Board Chair	5.00	Officer Director	$0	$35,889	$290,709
Nancy Clayburgh	Vice Chair	1.00	Officer Director	$0	$0	$0
Walter Kuchtey	Secretary	1.00	Officer Director	$0	$0	$0
JD Bernardy	Treasurer	1.00	Officer Director	$0	$0	$0
Erik Browning	Board Member	1.00	Director	$0	$0	$0
Michelle Schladenhauffen	Board Member	1.00	Director	$0	$0	$0
Heather Heigis	Past Board Member	1.00	Director	$0	$0	$0
Brian Guptill	Controller	30.00	Officer	$0	$5,144	$106,716

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$7,834,145	$9,531,738	$3,718,210	$-1,697,593
2024	No data	No data	No data	No data
2023	$4,444,737	$4,301,488	$2,862,743	$143,249
2022	$3,614,129	$3,556,643	$2,753,400	$57,486
2021	$4,205,652	$3,436,654	$2,714,410	$768,998
2020	$3,455,966	$3,217,169	$2,405,576	$238,797
2019	$2,990,134	$2,946,916	$1,831,102	$43,218

Farmsteads of New England Inc