FARM FRESH RHODE ISLAND INC (EIN 204625643) - 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

2004

Legal Domicile

Principal Officer

JESSE RYE

Phone

4013124250

Tax Period

2024-01-01 to 2024-12-31

FARM FRESH RHODE ISLAND INC, founded in 2004, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $7.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

PRESERVE RHODE ISLAND FARMLAND AND OUR AGRICULTURAL AND CULINARY KNOWLEDGE. BUILD HEALTHIER COMMUNITIES. INCREASE ACCESS TO FRESHER, TASTIER FOOD. IMPROVE IMPACT OF FOOD PRODUCTION AND DISTRIBUTION ON OUR ENVIRONMENT. STRENGTHEN COMMUNITY-BASED BUSINESSES.

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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 $4,082,639

Program Service Revenue $3,282,479

Investment Income $189,751

Other Revenue $312,687

TOTAL REVENUE $7,867,556

Expense Breakdown

Grants Paid $1,156,088

Salaries & Benefits $3,152,913

Fundraising Expenses $306,623

Program Expenses $7,498,062

Other Expenses $3,901,832

TOTAL EXPENSES $8,210,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,867,556	$8,729,713	-0.1%
Expenses	$8,210,833	$7,316,677	+0.1%
Net Income	$-343,277	$1,413,036	-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

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

$142,095

Total Directors

$142,095

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN AUGER	CHAIR	2.00	Officer Director	$0	$0	$0
JANE SABATINI	TREASURER	2.00	Officer Director	$0	$0	$0
SHEILA BRUSH	SECRETARY	2.00	Officer Director	$0	$0	$0
SHEILA BRUSH	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA BRANCH	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL MENDEZ	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY MCSHANE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE MERZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ANDREOZZI	DIRECTOR	1.00	Director	$0	$0	$0
BRAYDEN PUDDINGTON	DIRECTOR	1.00	Director	$0	$0	$0
ALISON FLEET	DIRECTOR	1.00	Director	$0	$0	$0
JESSE RYE	EXECUTIVE DI	40.00	Officer Director	$132,894	$9,201	$142,095

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	$7,867,556	$8,210,833	$19,654,212	$-343,277
2023	$8,729,713	$7,316,677	$20,605,818	$1,413,036
2022	$6,182,639	$5,478,353	$19,700,490	$704,286
2021	$7,671,925	$4,900,568	$19,574,577	$2,771,357
2020	$6,902,078	$5,935,943	$11,647,910	$966,135
2019	$4,478,560	$3,608,289	$10,479,117	$870,271
2018	$3,234,564	$2,923,990	$4,543,931	$310,574

FARM FRESH RHODE ISLAND INC