Wolfe's Neck Farm Foundation

EIN: 222586116 501(c)(3) Philanthropy & Grantmaking

Freeport, ME

Total Revenue
$8,110,600
Total Expenses
$6,873,201
Total Assets
$18,044,398
Net Assets
$13,215,348
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
ME
Principal Officer
David Herring
Phone
2078654469
Tax Period
2023-01-01 to 2023-12-31

Wolfe's Neck Farm Foundation, founded in 1984, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 15% operating margin.

Mission

To transform our relationship with farming and food for a healthier planet.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,100,948
Program Service Revenue $1,772,101
Investment Income $-27,200
Other Revenue $264,751
TOTAL REVENUE $8,110,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,022,362
Fundraising Expenses $359,068
Program Expenses $5,972,823
Other Expenses $3,850,839
TOTAL EXPENSES $6,873,201

Year-over-Year Comparison

2023 2022 Change
Revenue $8,110,600 $5,100,179 +0.6%
Expenses $6,873,201 $5,087,161 +0.4%
Net Income $1,237,399 $13,018 +94.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
113
Volunteers
1400

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
$125,338
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brett Pierce Director 1.00
Director
$0 $0 $0
Lee Schepps Director 1.00
Director
$0 $0 $0
Megan Hellstedt Vice President 1.00
Officer Director
$0 $0 $0
Morgan Cuthbert Secretary 1.00
Officer Director
$0 $0 $0
Peter Bouman Director 1.00
Director
$0 $0 $0
Raina Maxwell Treasurer 1.00
Officer Director
$0 $0 $0
Sam Smith Director 1.00
Director
$0 $0 $0
Timothy Griffin President 1.00
Officer Director
$0 $0 $0
Triplett Kise Director 1.00
Director
$0 $0 $0
Tucker Lannon Director 1.00
Director
$0 $0 $0
Vivi Stevenson Miller Director 1.00
Director
$0 $0 $0
David Bennell Director 1.00
Director
$0 $0 $0
David Daniel Director 1.00
Director
$0 $0 $0
Sarah Zimman Director 1.00
Director
$0 $0 $0
David Herring Executive Director 40.00
Officer
$119,369 $5,969 $125,338
Dorn Cox Employee 40.00
Highest
$142,923 $0 $142,923
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 $8,110,600 $6,873,201 $18,044,398 $1,237,399
2022 $5,100,179 $5,087,161 $14,242,110 $13,018
2021 $5,656,149 $4,852,468 $12,188,100 $803,681
2020 $4,043,870 $4,188,124 $11,498,240 $-144,254
2019 $4,711,072 $2,821,713 $11,685,244 $1,889,359
2018 $2,283,949 $2,451,266 $9,815,950 $-167,317
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