The Spikenard Farm Inc

EIN: 205539746 501(c)(3) Environment

Floyd, VA

Total Revenue
$629,142
Total Expenses
$328,715
Total Assets
$1,850,278
Net Assets
$1,848,499
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
Kenneth Levy
Tax Period
2023-01-01 to 2023-12-31

The Spikenard Farm Inc, founded in 2006, is a small nonprofit in the Environment sector that reported $776K in total revenue in fiscal year 2018. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $530K, a strong 68% operating margin.

Mission

Research and education for sustainable and biodynamic beekeeping.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $565,202
Program Service Revenue $27,334
Investment Income $13,692
Other Revenue $22,914
TOTAL REVENUE $629,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,561
Fundraising Expenses $26,944
Program Expenses $246,977
Other Expenses $160,154
TOTAL EXPENSES $328,715

Year-over-Year Comparison

2023 2022 Change
Revenue $629,142 $399,532 +0.6%
Expenses $328,715 $351,510 -0.1%
Net Income $300,427 $48,022 +5.3%
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

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Governance

Voting Members
8
Independent Members
7
Employees
4
Volunteers
12

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
4
$75,000
Total Directors
8
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alex Tuchman TrusteeExecutive Director 40.00
Officer Director
$75,000 $0 $75,000
Bonnie Young Trustee 1.00
Director
$0 $0 $0
Gigi Davidson Secretary 1.00
Director
$0 $0 $0
Michael Burgoon Trustee 1.00
Director
$0 $0 $0
Monica Burgoon Trustee 1.00
Director
$0 $0 $0
Kenneth Levy President 1.00
Officer Director
$0 $0 $0
Jack Wall Vice President 1.00
Officer Director
$0 $0 $0
Jaime Arenas Treasurer 1.00
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
2024 No data No data No data No data
2023 $629,142 $328,715 $1,850,278 $300,427
2022 $399,532 $351,510 $1,546,272 $48,022
2021 $301,889 $328,149 $1,511,467 $-26,260
2020 $263,851 $298,900 $1,534,820 $-35,049
2019 $280,171 $278,256 $1,570,043 $1,915
2018 $776,087 $246,545 $1,569,295 $529,542
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