CAROLINA FARM STEWARDSHIP ASSOCIAT… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

ROLAND MCREYNOLDS

Phone

9195422402

Tax Period

2023-01-01 to 2023-12-31

CAROLINA FARM STEWARDSHIP ASSOCIATION, founded in 1982, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

THE ASSOCIATION'S MISSION IS HELPING THE CAROLINAS GROW AND EAT LOCAL, ORGANIC FOOD. WE ADVOCATE, EDUCATE AND BUILD CONNECTIONS TO CREATE SUSTAINABLE FOOD SYSTEMS IN NORTH AND SOUTH CAROLINA CENTERED ON LOCAL AND ORGANIC AGRICULTURE.

Program Service Accomplishments

Program 1

Expenses: $201,121 Revenue: $0

MEMBER SERVICES: PROGRAMMING AND EVENTS FOR ASSOCIATION MEMBERS. SERVICES INCLUDE NETWORKING OPPORTUNITIES, ACCESS TO CONSULTATION, EDUCATIONAL EVENTS, AND INFORMATION ON LOCAL AND ORGANIC...

MEMBER SERVICES: PROGRAMMING AND EVENTS FOR ASSOCIATION MEMBERS. SERVICES INCLUDE NETWORKING OPPORTUNITIES, ACCESS TO CONSULTATION, EDUCATIONAL EVENTS, AND INFORMATION ON LOCAL AND ORGANIC AGRICULTURE.

Program 2

Expenses: $2,903,060 Revenue: $0

LOCAL FOOD SYSTEMS: PROGRAMS TO PROVIDE SERVICES TO LOCAL AND ORGANIC SMALL TO MIDSIZED FARMS AND FOOD BUSINESSES. SPECIFIC ACTIVITIES INCLUDE THE FARMSSHARE PROGRAM DEVELOPING A NETWORK OF FARMS...

LOCAL FOOD SYSTEMS: PROGRAMS TO PROVIDE SERVICES TO LOCAL AND ORGANIC SMALL TO MIDSIZED FARMS AND FOOD BUSINESSES. SPECIFIC ACTIVITIES INCLUDE THE FARMSSHARE PROGRAM DEVELOPING A NETWORK OF FARMS, FARMER COOPERATIVES, AND REGIONAL FOOD HUBS TO AGGREGATE IN-SEASON LOCALLY PRODUCED FOODS AND DISTRIBUTE WEEKLY FOOD BOXES TO FAMILIES IN NEED WHILE ENSURING FAIR PAYMENT TO NETWORK PARTICIPANTS. OTHER ACTIVITIES INCLUDE CONSULTATION ON MARKET ACCESS, BUSINESS PLANNING, AND PASSING FOOD SAFETY COMPLIANCE AUDITS TO QUALIFY FOR WHOLESALE MARKETS.

Program 3

Expenses: $387,935 Revenue: $0

POLICY: PROGRAMMING AND EVENTS TO PROMOTE FAIR FARM AND FOOD POLICIES FOR LOCAL AND ORGANIC SMALL TO MIDSIZED FARMS. SPECIFIC ACTIVITIES INCLUDE: COALITION BUILDING AND COMMUNITY OUTREACH RELATED TO AGRICULTURAL POLICY, LAW, AND REGULATION WITH AN IMPACT ON LOCAL AND ORGANIC, SMALL AND MIDSIZED FARMS AND FOOD BUSINESSES, AND THE MEMBER ADVOCACY PROGRAM (MAP) TEACHING ADVOCACY AND NETWORKING SKILLS TO ASSOCIATION MEMBERS INTERESTED IN LOCAL FOOD POLICY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,836,847

Program Service Revenue $195,708

Investment Income $15,946

Other Revenue $4,620

TOTAL REVENUE $5,053,121

Expense Breakdown

Grants Paid $1,581,999

Salaries & Benefits $1,631,641

Fundraising Expenses $166,809

Program Expenses $4,459,762

Other Expenses $1,815,511

TOTAL EXPENSES $5,029,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,053,121	$3,769,976	+0.3%
Expenses	$5,029,151	$4,291,890	+0.2%
Net Income	$23,970	$-521,914	-1.0%

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

110

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

$117,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECILIA REDDING	PRESIDENT	2.00	Officer Director	$0	$0	$0
AERIEL MILLER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARTHA MOBLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAY SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
EBONIE ALEXANDER	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
MIGUEL CASTILLO	BOARD MEMBER	2.00	Director	$0	$0	$0
BONITA CLEMONS	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVON GOODWIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBIN KOHANOWICH	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHERINE LEWIS	BOARD MEMBER	2.00	Director	$0	$0	$0
ANTHONY MIRISCIOTTA	BOARD MEMBER	2.00	Director	$0	$0	$0
KATE RENNER	BOARD MEMBER	2.00	Director	$0	$0	$0
ROLAND MCREYNOLDS	EXECUTIVE DIRECTOR	40.00	Officer	$115,391	$2,105	$117,496

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	$5,053,121	$5,029,151	$1,486,021	$23,970
2022	$3,769,976	$4,291,890	$1,149,301	$-521,914
2021	$921,560	$2,233,992	$1,471,333	$-1,312,432
2020	$2,508,257	$2,369,705	$2,719,455	$138,552
2019	$2,422,122	$1,586,372	$2,631,342	$835,750
2018	$1,338,535	$1,595,932	$1,780,078	$-257,397

CAROLINA FARM STEWARDSHIP ASSOCIATION