THE FEDERATION OF MASSACHUSETTS FA… - 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

1978

Legal Domicile

Principal Officer

EDITH MURNANE

Phone

7818938222

Tax Period

2023-01-01 to 2023-12-31

THE FEDERATION OF MASSACHUSETTS FARMERS AND GARDENERS MARKETS INC, founded in 1978, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

MASS FARMERS MARKETS PARTNERS WTIH FARMERS, CONSUMERS, AND COMMUNITIES TO IMPROVE THE HEALTH OF INDIVIDUALS, STRENGHTEN COMMUNITY VITALITY, AND ENHANCE LOCAL FARM VIABILITY THROUGH FARMERS MARKETS.

Program Service Accomplishments

Program 1

Expenses: $1,472,731 Revenue: $1,636,345

COUPON PROGRAM: CLEARING HOUSE FOR FARMERS THAT REDEEM WIC AND SENIOR FARMERS MARKET NUTRITION PROGRAM COUPONS DISTRIBUTED BY WIC AND DTA, AND OTHER COUPONS ISSUED FROM GRANT CONTRACTS.

Program 2

Expenses: $187,267 Revenue: $203,496

FOOD INCENTIVE PROGRAM: PROVIDE ACESS TO SNAP AND SNAP MATCH FUNDS FOR CONSTITUENTS AT OUR THREE URBAN MARKETS.

Program 3

Expenses: $88,567 Revenue: $157,930

MARKET FEE PROGRAM: ORGANIZE AND MANAGE THREE URBAN FARMERS' MARKETS (CENTRAL SQUARE IN CAMBRIDGE, COPLEY SQUARE IN BOSTON, DAVIS SQUARE IN SOMERVILLE) WHERE WE EDUCATE MORE THAN 110,000 CONSUMERS...

MARKET FEE PROGRAM: ORGANIZE AND MANAGE THREE URBAN FARMERS' MARKETS (CENTRAL SQUARE IN CAMBRIDGE, COPLEY SQUARE IN BOSTON, DAVIS SQUARE IN SOMERVILLE) WHERE WE EDUCATE MORE THAN 110,000 CONSUMERS ANNUALLY AND PILOT PROGRAMMING AND PROJECTS IN ORDER TO SUPPORT FARMERS' MARKETS ACROSS THE COMMONWEALTH.

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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 $309,890

Program Service Revenue $1,997,771

Investment Income $2,365

Other Revenue $20,519

TOTAL REVENUE $2,330,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,605

Fundraising Expenses $135,431

Program Expenses $1,748,565

Other Expenses $2,012,118

TOTAL EXPENSES $2,339,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,330,545	$1,717,670	+0.4%
Expenses	$2,339,723	$1,718,611	+0.4%
Net Income	$-9,178	$-941	+8.8%

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

Volunteers

112

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

$71,742

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDITH MURNANE	Executive Dir.	40.00	Officer	$71,742	$0	$71,742
BARBARA SLATTERY	FINANCE DIRECTOR	40.00		$61,491	$0	$61,491
REBECCA HANDFORD	LEAD MARKET MGR	40.00		$36,075	$0	$36,075
BETHANY DANIEL	MARKET MGR	25.00		$22,853	$0	$22,853
RICHARD GRUDZINSKI	MEMBER SVCS DIRECT	25.00		$22,697	$0	$22,697
SARAH SIMON	MKT MGR/FOOD COORD	40.00		$19,120	$0	$19,120
SARAH HOWARD	CLERK	2.00	Director	$0	$0	$0
CINDY CHABOT	CO CLERK	4.00	Director	$0	$0	$0
James Arena-DeRosa	Director	2.00	Officer	$0	$0	$0
MIMI HALL	Director	2.00	Officer	$0	$0	$0
STEVEN ROCHE	Director	2.00	Officer	$0	$0	$0
BARBARA HAMILTON	Director	2.00	Officer	$0	$0	$0
DAVID WEBBER	Director	2.00	Officer	$0	$0	$0
MARIE MORISSET	President	4.00	Officer	$0	$0	$0
ED EGLITIS	President	2.00	Officer	$0	$0	$0
CHRISTOPHER LEAHY	Treasurer	2.00	Officer	$0	$0	$0
ALLYSON REED	Vice President	2.00	Officer	$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	No data	No data	No data	No data
2023	$2,330,545	$2,339,723	$392,432	$-9,178
2022	$1,717,670	$1,718,611	$405,084	$-941
2021	$1,419,438	$1,394,526	$327,020	$24,912
2021	$1,475,870	$1,392,525	$327,020	$83,345
2020	$1,091,003	$1,141,217	$212,283	$-50,214
2019	$1,332,205	$1,327,220	$261,832	$4,985
2018	$1,597,617	$1,495,269	$323,452	$102,348
2017	$1,415,063	$1,373,946	$207,801	$41,117

THE FEDERATION OF MASSACHUSETTS FARMERS AND GARDENERS MARKETS INC