FRIENDS OF SHOLAN FARMS INC (EIN 043584313) - 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

2002

Legal Domicile

Phone

9788403276

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF SHOLAN FARMS INC, founded in 2002, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $364K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $107K, a strong 29% operating margin.

Mission

PRESERVATION & RESTORATION OF SHOLAN FARMS, THE LAST APPLE FARM IN THE BIRTHPLACE OF JOHNNY APPLESEED.

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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 $252,022

Program Service Revenue $85,123

Investment Income $2,180

Other Revenue $24,290

TOTAL REVENUE $363,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,437

Fundraising Expenses $6,261

Program Expenses $211,708

Other Expenses $182,230

TOTAL EXPENSES $256,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,615	$269,966	+0.3%
Expenses	$256,667	$249,879	+0.0%
Net Income	$106,948	$20,087	+4.3%

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

100

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
Karen McNall	Director	5.00	Director	$0	$0	$0
JOSEPH LEBLANC	Director	5.00	Director	$0	$0	$0
JOHN SOUZA	Director	5.00	Director	$0	$0	$0
Roxanne Chamberlain	Director	5.00	Director	$0	$0	$0
JANE NOWOKUNSKI	Director	5.00	Director	$0	$0	$0
DENNIS GRAVELLE	Director	5.00	Director	$0	$0	$0
NANCY TROUT	Director	5.00	Director	$0	$0	$0
JOANNE DINARDO	President	15.00	Officer	$0	$0	$0
ALFRED MERCIK	Treasurer	10.00	Officer	$0	$0	$0
STEVE SMITH	Vice President	10.00	Officer	$0	$0	$0
NATE MONAT	Secretary/Clerk	5.00	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	$363,615	$256,667	$487,298	$106,948
2023	$269,966	$249,879	$361,775	$20,087
2022	$340,069	$293,789	$338,950	$46,280
2021	$213,599	$188,750	$314,708	$24,849
2020	$265,665	$197,514	$294,898	$68,151

FRIENDS OF SHOLAN FARMS INC