LANTERN LANE FARM INC (EIN 263764801) - 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

2009

Legal Domicile

Principal Officer

RALPH COOK

Phone

0615973545

Tax Period

2023-01-01 to 2023-12-31

LANTERN LANE FARM INC, founded in 2009, is a community nonprofit in the Mental Health sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE REST AND RESTORATION TO THOSE WHO NEED SPIRITUAL, EMOTIONAL, AND PHYSICAL HEALING THROUGH TRADITIONAL AND EQUINE-ASSISTED COUNSELING SERVICES IN A PEACEFUL COUNTRYSIDE SETTING.

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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 $247,134

Program Service Revenue $1,995,716

Investment Income $-183

Other Revenue $0

TOTAL REVENUE $2,242,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,037

Fundraising Expenses $34,479

Program Expenses $1,881,311

Other Expenses $1,768,077

TOTAL EXPENSES $2,220,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,242,667	$2,003,740	+0.1%
Expenses	$2,220,114	$1,943,803	+0.1%
Net Income	$22,553	$59,937	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$18,186

Total Directors

$281,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH COOK	FOUNDER/CEO	40.00	Director	$166,280	$0	$166,280
JONI COOK	CO-FOUNDER	1.00	Director	$0	$0	$0
DEREK HAZELET	PRESIDENT	2.00	Officer Director	$0	$0	$0
BILL MANLEY	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
ALLISON VINES	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
HOLLY GRIFFITH	SECRETARY	12.50	Officer	$18,186	$0	$18,186
GINA PAOILI	TREASURER	3.00	Officer Director	$0	$0	$0
JEFF GREGG	EXECUTIVE DI	40.00	Director	$114,850	$0	$114,850

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	$2,242,667	$2,220,114	$1,298,514	$22,553
2022	$2,003,740	$1,943,803	$1,291,309	$59,937
2021	$1,457,853	$1,337,070	$1,173,148	$120,783
2020	$1,079,871	$883,491	$1,064,370	$196,380
2019	$814,356	$679,529	$263,523	$134,827
2018	$591,849	$561,512	$117,220	$30,337

LANTERN LANE FARM INC