BULLARD MEMORIAL FARM ASSOCIATION … - Form 990 Financial Data

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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

1909

Legal Domicile

Principal Officer

PHILIP AUDIER

Phone

9782760431

Tax Period

2024-01-01 to 2024-12-31

BULLARD MEMORIAL FARM ASSOCIATION C/O PHILIP AUDIER, founded in 1909, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $146K, a strong 47% operating margin.

Mission

THE BMFA IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING, BUT NOT LIMITED TO HOLDING, PRESERVING, MAINTAINING AND IMPROVING THE BULLARD FARM PROPERTY, AND EDUCATING THE PUBLIC ABOUT LIFE ON, AND THE WORKING OF, A HISTORIC NEW ENGLAND FARM THROUGH WORKSHOPS, DEMONSTRATIONS AND VISITS TO THE HOMESTEAD AND FARM.

Program Service Accomplishments

Program 1

Expenses: $141,151 Revenue: $870

PRESERVATION OF THE HISTORICAL BULLARD MEMORIAL FARM FOR THE BENEFIT OF EDUCATIONAL WORKSHOPS, LECTURES, DEMONSTRATIONS, TOURS AND RESEARCH IN RELATION TO THE HISTORICAL CONTEXT OF THE PROPERTY AS...

PRESERVATION OF THE HISTORICAL BULLARD MEMORIAL FARM FOR THE BENEFIT OF EDUCATIONAL WORKSHOPS, LECTURES, DEMONSTRATIONS, TOURS AND RESEARCH IN RELATION TO THE HISTORICAL CONTEXT OF THE PROPERTY AS WELL AS ENVIRONMENTAL MANAGEMENT, WHICH INCLUDES HOW TO BE GOOD STEWARDS OF OUR LAND, FORESTRY AND ECOFRIENDLY LAND USE PRACTICES.

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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 $31,728

Program Service Revenue $870

Investment Income $277,401

Other Revenue $2,613

TOTAL REVENUE $312,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,140

Fundraising Expenses $256

Program Expenses $141,151

Other Expenses $130,565

TOTAL EXPENSES $166,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,612	$280,971	+0.1%
Expenses	$166,705	$143,842	+0.2%
Net Income	$145,907	$137,129	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE MCFARLAND	PRESIDENT	4.0	Officer Director	$0	$0	$0
JAY MCFARLAND	FORMER PRESIDENT	4.0	Officer Director	$0	$0	$0
MEREDITH FLYNN	CLERK	4.0	Officer Director	$0	$0	$0
PHILIP AUDIER	TREASURER	4.0	Officer Director	$0	$0	$0
TARA P HATHAWAY	MEMBERSHIP OFFICER	4.0	Officer Director	$0	$0	$0
GEORGE BOLLENBACHER	DIRECTOR	4.0	Director	$0	$0	$0
JOHN HATHAWAY	DIRECTOR	4.0	Director	$0	$0	$0
SCOTT HILLS	DIRECTOR	4.0	Director	$0	$0	$0
STEVE HOOD	DIRECTOR	4.0	Director	$0	$0	$0
CHARLES THURLOW IV	DIRECTOR	4.0	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$312,612	$166,705	$5,612,644	$145,907
2023	$280,971	$143,842	$5,109,275	$137,129
2022	$498,602	$152,297	$4,473,905	$346,305
2021	$286,721	$159,588	$4,801,510	$127,133
2020	$80,738	$139,047	$4,324,207	$-58,309
2019	$284,952	$145,666	$3,998,849	$139,286
2018	$267,924	$126,098	$3,524,892	$141,826

BULLARD MEMORIAL FARM ASSOCIATION C/O PHILIP AUDIER