FRIENDS OF THE KENNEDY-MARTIN-STELLE FARMSTEAD INC

EIN: 201236442 501(c)(3) Arts, Culture & Humanities

BASKING RIDGE, NJ

Total Revenue
$189,791
Total Expenses
$234,474
Total Assets
$344,246
Net Assets
$341,349
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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
2004
Legal Domicile
NJ
Principal Officer
ANGELA HARTMANN
Phone
9086367576
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF THE KENNEDY-MARTIN-STELLE FARMSTEAD INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $190K in total revenue in fiscal year 2025. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $234K exceeded revenue, resulting in a 24% operating deficit.

Mission

PRESERVE AND OPERATE HISTORICALLY REGISTERED FARMSTEAD AS FARMSTEAD ARTS, AN NON PROFIT CENTER FOR FINE, PERFORMING, AND PRACTICAL ARTS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $80,126
Program Service Revenue $102,073
Investment Income $3,326
Other Revenue $4,266
TOTAL REVENUE $189,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,673
Fundraising Expenses $0
Program Expenses $220,186
Other Expenses $193,801
TOTAL EXPENSES $234,474

Year-over-Year Comparison

2025 2024 Change
Revenue $189,791 $412,357 -0.5%
Expenses $234,474 $158,685 +0.5%
Net Income $-44,683 $253,672 -1.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
50

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLIE WORKMAN PRESIDENT 5.00
Officer Director
$0 $0 $0
SHERILYN PASTOR 1ST VP 5.00
Officer Director
$0 $0 $0
BRIAN WORKMAN 2ND VP 5.00
Officer Director
$0 $0 $0
ANGELA HARTMANN TREASURER 5.00
Officer Director
$0 $0 $0
ESTELLA PERNA SECRETARY 5.00
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 $189,791 $234,474 $344,246 $-44,683
2024 No data No data No data No data
2023 $185,981 $147,751 $133,800 $38,230
2022 $213,044 $202,955 $96,013 $10,089
2021 $122,626 $71,216 $86,661 $51,410
2018 $82,724 $89,652 $30,944 $-6,928
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