FARM NECK FOUNDATION INC (EIN 223001707) - 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

1989

Legal Domicile

Principal Officer

TIMOTHY SWEET

Phone

5086932504

Tax Period

2024-04-01 to 2025-03-31

FARM NECK FOUNDATION INC, founded in 1989, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $202K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $74K, a strong 37% operating margin.

Mission

ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES INCLUDING MAKING DISTRIBUTIONS TO ORGANIZATIONS QUALIFIED AS EXEMPT ORGS.

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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 $117,595

Program Service Revenue $0

Investment Income $56,287

Other Revenue $28,266

TOTAL REVENUE $202,148

Expense Breakdown

Grants Paid $101,735

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,735

Other Expenses $25,928

TOTAL EXPENSES $127,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,148	$420,430	-0.5%
Expenses	$127,663	$124,364	+0.0%
Net Income	$74,485	$296,066	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY SWEET	PRESIDENT & DIRECTOR	3.00	Officer Director	$0	$0	$0
MICHAEL ZOLL	VICE PRESIDENT & DIRECTOR	1.00	Officer Director	$0	$0	$0
ANTHONY CAPOBIANCO	CLERK & TREAS. & DIRECTOR	2.00	Officer Director	$0	$0	$0
WILLIAM JONES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JOYCE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FIORITO	DIRECTOR	1.00	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	$202,148	$127,663	$2,365,996	$74,485
2024	$420,430	$124,364	$2,291,291	$296,066
2023	$132,095	$288,088	$1,994,850	$-155,993
2022	$161,539	$110,977	$2,155,588	$50,562
2021	$782,492	$109,293	$2,109,731	$673,199
2020	$137,080	$364,337	$1,426,427	$-227,257
2019	$93,078	$87,045	$1,653,364	$6,033

FARM NECK FOUNDATION INC