IRON WORK FARM IN ACTON INC (EIN 042385912) - 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

1964

Legal Domicile

Principal Officer

HARTLEY MILLETT

Phone

6179686220

Tax Period

2023-07-01 to 2024-06-30

IRON WORK FARM IN ACTON INC, founded in 1964, is a small nonprofit that reported $104K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Net assets of $1.3M represent 149 months of operating reserves.

Mission

TO PROMOTE AND PRESERVE HISTORICAL BUILDINGS IN ACTON.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,662

Program Service Revenue $0

Investment Income $11,265

Other Revenue $72,625

TOTAL REVENUE $103,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,808

Other Expenses $108,943

TOTAL EXPENSES $108,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,552	$66,978	+0.5%
Expenses	$108,943	$68,913	+0.6%
Net Income	$-5,391	$-1,935	+1.8%

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

N/A

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
ANNE FORBES	SECRETARY	6.00	Officer Director	$0	$0	$0
GREG HUTCHINS	DIRECTOR	4.00	Director	$0	$0	$0
MARSHALL MEEKS	DIRECTOR	4.00	Director	$0	$0	$0
HARTLEY MILLETT	TREASURER	8.00	Officer Director	$0	$0	$0
NAN TOWLE MILLETT	DIRECTOR	4.00	Director	$0	$0	$0
MICHAELA MORAN	PRESIDENT	6.00	Officer 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	$103,552	$108,943	$1,298,200	$-5,391
2023	$66,978	$68,913	$1,310,060	$-1,935
2022	$51,012	$94,355	$1,299,056	$-43,343
2021	$189,898	$55,064	$1,342,399	$134,834
2020	$85,691	$58,343	$1,207,565	$27,348
2019	$40,103	$50,925	$1,179,417	$-10,822

IRON WORK FARM IN ACTON INC