CODMAN COMMUNITY FARMS INC

EIN: 237417982 501(c)(3) Food, Agriculture & Nutrition

LINCOLN, MA

Total Revenue
$2,773,179
Total Expenses
$2,323,918
Total Assets
$5,505,769
Net Assets
$5,406,995
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MA
Principal Officer
WILLIAM CAREY
Phone
7812590456
Tax Period
2024-01-01 to 2024-12-31

CODMAN COMMUNITY FARMS INC, founded in 1973, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $449K, a strong 16% operating margin.

Mission

THE MISSION OF CODMAN COMMUNITY FARMS IS TO OPERATE A WORKING FARM THAT PRESERVES LINCOLN'S RURAL CHARACTER, WHILE HIGHLIGHTING THE IMPORTANCE OF LOCAL FARMING AND LOCAL FOOD AND INVITING COMMUNITY INVOLVEMENT THROUGH EDUCATIONAL OPPORTUNITIES AND EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $352,692
Program Service Revenue $2,277,486
Investment Income $116,273
Other Revenue $26,728
TOTAL REVENUE $2,773,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $723,547
Fundraising Expenses $24,164
Program Expenses $2,140,070
Other Expenses $1,600,371
TOTAL EXPENSES $2,323,918

Year-over-Year Comparison

2024 2023 Change
Revenue $2,773,179 $2,052,388 +0.4%
Expenses $2,323,918 $971,903 +1.4%
Net Income $449,261 $1,080,485 -0.6%
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
16
Independent Members
16
Employees
27
Volunteers
566

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
6
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON CURTIN PRESIDENT 2.00
Officer Director
$0 $0 $0
CAROLINE FIORE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CAROL CARMODY TREASURER 2.00
Officer Director
$0 $0 $0
JEFF PATTERSON CLERK 2.00
Officer Director
$0 $0 $0
PHIL AYOUB BOARD MEMBER 0.50
Officer Director
$0 $0 $0
SARAH BISHOP BOARD MEMBER 0.50
Officer Director
$0 $0 $0
BILL CAREY BOARD MEMBER 0.50
Director
$0 $0 $0
HATHAWAY ELLIS BOARD MEMBER 0.50
Director
$0 $0 $0
JON FERRIS BOARD MEMBER 0.50
Director
$0 $0 $0
SHERRY HAYDOCK BOARD MEMBER 0.50
Director
$0 $0 $0
BILL HOBBS BOARD MEMBER 0.50
Director
$0 $0 $0
STEVE HOENIG BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN LECLAIRE BOARD MEMBER 0.50
Director
$0 $0 $0
CRAIG NICHOLSON BOARD MEMBER 0.50
Director
$0 $0 $0
RICH ROSENBAUM BOARD MEMBER 0.50
Director
$0 $0 $0
NICK WHITMAN BOARD MEMBER 0.50
Director
$0 $0 $0
JESSICA CALLOW BOARD MEMBER (UNTIL 9/24) 0.50
Director
$0 $0 $0
KATHERINE RUHL BOARD MEMBER (UNTIL 11/24) 0.50
Director
$0 $0 $0
ABIGAIL ADAMS BOARD MEMBER (UNTIL 4/24) 0.50
Director
$0 $0 $0
BRYCE WELLS BOARD MEMBER (UNTIL 5/24) 0.50
Director
$0 $0 $0
NANCY FLEMING BOARD MEMBER (UNTIL 5/24) 0.50
Director
$0 $0 $0
LIS HERBERT BOARD MEMBER (UNTIL 5/24) 0.50
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 $2,773,179 $2,323,918 $5,505,769 $449,261
2023 $2,052,388 $971,903 $4,972,213 $1,080,485
2022 $1,384,348 $795,185 $3,730,317 $589,163
2021 $1,249,610 $758,206 $3,498,724 $491,404
2020 $1,168,089 $742,968 $2,955,386 $425,121
2019 $868,019 $573,687 $2,349,275 $294,332
2018 $771,912 $502,991 $1,897,366 $268,921
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