Hillsboro Farmers Markets Inc

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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

2018

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Hillsboro Farmers Markets Inc, founded in 2018, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $252K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $232K left a modest 8% surplus.

Mission

Hillsboro Farmers Markets creates community gathering-places for people to buy local produce and products. We partner with farms, small businesses, and groups to provide education and resources. Our efforts strive to enhance community health and economic growth.

Program Service Accomplishments

Program 1

Expenses: $130,540

FARMERS MARKETS: We operate 3 farmers markets in Hillsboro, Oregon. Two we run each weekend from Spring until Fall. One we run the second week of each month fron Spring until Fall. We provide active venues and market support to hundreds of local farmers, artisans and other vendors to sell produce and products. Our markets attract an average of 7,000 shoppers each week, boosting the local economy while providing residents of USDA low-income and low-access areas with access to fresh foods. Our markets also provide local nonprofits, artists and educational and civic organizations dynamic spaces for interacting with, educating and supporting diverse members of the Hillsboro community in an equitable, inclusive and sustainable manner.

Program 2

Expenses: $35,000

FOOD ACCESS PROGRAMS: Our SNAP Match program (utilizing tokens spent at our farmers markets) provided important nutrition support to food-insecure populations in our community. Last year SNAP Match program was awarded $26,840. in Double Up Food Bucks. Our Veterans SNAP Match program made an important difference in the lives of Hillsboros military veterans by increasing their ability to purchase healthy, local food.

Program 3

Expenses: $2,300

MARKET SPROUTS (KIDS PROGRAM): This program provides children with hands-on, interactive activities focused on strengthening connections to healthy eating and local food systems. Activities included salad making, rainbow food scavenger hunts, and seed identification, among many others. Children under three years old engaged with agriculture themed sensory bins.

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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 $73,207

Program Service Revenue $155,693

Investment Income $329

Other Revenue $22,973

TOTAL REVENUE $252,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,934

Fundraising Expenses $5,623

Program Expenses $167,840

Other Expenses $127,711

TOTAL EXPENSES $231,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,202	$285,192	-0.1%
Expenses	$231,645	$222,712	+0.0%
Net Income	$20,557	$62,480	-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

Volunteers

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
Kipperlyn Sinclair	Director	1.00	Director	$0	$0	$0
Tyler Geel	Director	1.00	Director	$0	$0	$0
Angie Noble	Director	1.00	Director	$0	$0	$0
Kevin Zuercher	Director	1.00	Director	$0	$0	$0
Debby Garman	Director	1.00	Director	$0	$0	$0
Krista Olsen-Rahf	President	4.00	Officer Director	$0	$0	$0
Sue Johnson	Vice President	3.00	Officer Director	$0	$0	$0
Karen Edwards	Secretary	1.00	Officer Director	$0	$0	$0
John Dahlquist	Treasurer	5.00	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	$252,202	$231,645	$229,334	$20,557
2022	$285,192	$222,712	$206,254	$62,480
2021	$212,932	$186,558	$142,755	$26,374
2020	$207,982	$184,802	$115,282	$23,180
2019	$206,647	$181,912	$91,496	$24,735