SPENCER AGRICULTURAL ASSOCIATION I (EIN 042504166) - 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

1936

Legal Domicile

Principal Officer

TODD KIBBE

Phone

5088855814

Tax Period

2023-11-01 to 2024-10-31

SPENCER AGRICULTURAL ASSOCIATION I, founded in 1936, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $609K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

PROMOTION OF AGRICULTURE AND HORTICULTURE ACTIVITIES

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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 $36,849

Program Service Revenue $571,958

Investment Income $7

Other Revenue $0

TOTAL REVENUE $608,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,250

Fundraising Expenses $0

Program Expenses $573,724

Other Expenses $506,467

TOTAL EXPENSES $614,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$608,814	$654,549	-0.1%
Expenses	$614,717	$632,018	0.0%
Net Income	$-5,903	$22,531	-1.3%

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
HELEN BARNES	DIRECTOR	2.00	Director	$0	$0	$0
JIM DOLAN	DIRECTOR	2.00	Director	$0	$0	$0
LISA JOHNSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
NICOLE KIBBE	SECRETARY	2.00	Officer Director	$0	$0	$0
TODD KIBBE	TREASUER	5.00	Officer Director	$0	$0	$0
ROBERT KNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW LYNCH	PRESIDENT	10.00	Officer Director	$0	$0	$0
AMY MAHER	ASSISTANT TR	2.00	Officer Director	$0	$0	$0
CATHERINE WHITNEY	DIRECTOR	2.00	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
2024	$608,814	$614,717	$648,813	$-5,903
2023	$654,549	$632,018	$649,466	$22,531
2022	$538,500	$508,931	$626,935	$29,569
2021	$510,646	$394,480	$608,851	$116,166
2020	$63,736	$134,547	$579,680	$-70,811
2019	$495,987	$430,375	$700,586	$65,612
2018	$450,344	$454,728	$678,610	$-4,384

SPENCER AGRICULTURAL ASSOCIATION I