HERITAGE FARM INC

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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

1985

Legal Domicile

Principal Officer

MARK PIERSALL

Phone

3158931889

Tax Period

2023-01-01 to 2023-12-31

HERITAGE FARM INC, founded in 1985, is a community nonprofit in the Youth Development sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $442K, a strong 21% operating margin.

Mission

TO PROVIDE SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS INCLUDING FAMILY SUPPORT, SUPPORTED WORK, PUBLIC EDUCATION AND EMPLOYMENT, AND THERAPEUTIC RECREATION.

Program Service Accomplishments

Program 1

Expenses: $865,010 Revenue: $946,327

GROUP DAY HABILITATION IS OUR LARGEST PROGRAM. DEVELOPMENTALLY DISABLED INDIVIDUALS WHO HAVE GRADUATED FROM HIGH SCHOOL ARE ASSISTED IN GAINING MORE INDEPENDENCE IN DAILY LIVING SKILLS. OPPORTUNITIES ARE GIVEN TO WORK WITH THE ANIMALS, IN THE GARDENS, GREENHOUSE, OR FOR COMMUNITY INVOLVEMENT AND VOLUNTEER WORK. THE PROGRAM HAS A MEDICAID CERTIFIED CAPACITY OF 42 AND 6,233 INDIVIDUAL UNITS OF SERVICE WERE PROVIDED IN 2022.

Program 2

Expenses: $378,878 Revenue: $628,156

FREE STANDING RESPITE ALLOWS FAMILY MEMBERS AND OTHER CARE GIVERS TIME FOR THEMSELVES WHILE THEIR FAMILY MEMBERS ENJOY THE FARM. ACTIVITIES ARE PLANNED ACCORDING TO EACH GUESTS ABILITIES, INTERESTS...

Program 3

Expenses: $74,496 Revenue: $137,922

OTHER PROGRAMS

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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 $27,859

Program Service Revenue $1,712,405

Investment Income $273,247

Other Revenue $62,905

TOTAL REVENUE $2,076,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $974,693

Fundraising Expenses $0

Program Expenses $1,318,384

Other Expenses $659,421

TOTAL EXPENSES $1,634,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,076,416	$1,768,807	+0.2%
Expenses	$1,634,114	$1,772,923	-0.1%
Net Income	$442,302	$-4,116	-108.5%

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

N/A

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

$162,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MARTIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDITH BARTHOLOMEW	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JACQUELINE JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT SCHUTT	TREASURER	1.00	Officer Director	$0	$0	$0
KATE BUDLONG	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN KIMBALL	DIRECTOR	1.00	Director	$0	$0	$0
MARK PIERSALL	EXECUTIVE DI	40.00	Officer	$80,455	$9,197	$89,652
ROBERT DESANTIS	FINANCIAL AD	40.00	Officer	$62,237	$10,187	$72,424

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	$2,076,416	$1,634,114	$2,471,564	$442,302
2022	$1,768,807	$1,772,923	$2,060,360	$-4,116
2021	$1,730,715	$1,571,827	$2,106,547	$158,888
2020	$1,309,388	$1,278,511	$1,996,294	$30,877
2019	$1,821,056	$1,725,619	$2,000,767	$95,437
2018	$1,784,467	$1,731,597	$1,945,431	$52,870