SPACE ON THE FARMINC (EIN 272886262) - 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

2010

Legal Domicile

Principal Officer

DARREN ROBERTSON

Phone

6468338159

Tax Period

2023-01-01 to 2023-12-31

SPACE ON THE FARMINC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $545K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 102% operating deficit.

Mission

TO CREATE AN ENVIRONMENT SINGULAR IN ITS ABILITY TO INVIGORATE ARTISTS AND INNOVATORS AND THEIR WORK, AND TO CONTRIBUTE TO THE SUSTAINABILITY AND RESOURCEFUL PRESERVATION OF ONE OF THE OLDEST ORGANIC FAMILY FARMS ON THE EAST COAST.

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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 $500,126

Program Service Revenue $19,120

Investment Income $1,982

Other Revenue $23,475

TOTAL REVENUE $544,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $697,311

Fundraising Expenses $220,430

Program Expenses $704,492

Other Expenses $404,640

TOTAL EXPENSES $1,101,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$544,703	$809,539	-0.3%
Expenses	$1,101,951	$1,376,539	-0.2%
Net Income	$-557,248	$-567,000	0.0%

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

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

$271,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET OLSHANSKY	CO-CHAIR	2.50	Officer Director	$0	$0	$0
LEE SEYMOUR	CO-CHAIR	2.50	Officer Director	$0	$0	$0
LAKISHA MAY	CO-VICE-CHAIR	2.50	Officer Director	$0	$0	$0
DARREN ROBERTSON	CO-VICE-CHAIR & SECRETARY	2.50	Officer Director	$0	$0	$0
JOE FINNEGAN	INTERIM TREASURER	1.00	Officer Director	$0	$0	$0
NINA CURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY CADE HOLMES	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE KELLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEEPA PUROHIT	BOARD MEMBER	1.00	Director	$0	$0	$0
BLAIR RUSSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN RYDER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL SHEA	BOARD MEMBER	1.00	Director	$0	$0	$0
MFONISO UDOFIA	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMARA WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY BURDICK	EXECUTIVE DIRECTOR	40.00	Officer	$150,972	$0	$150,972
ALLYSON DAVIS	CHIEF OPERATING OFFICER	40.00	Officer	$120,884	$0	$120,884

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	$544,703	$1,101,951	$942,191	$-557,248
2022	$809,539	$1,376,539	$2,035,694	$-567,000
2021	$1,697,871	$1,454,032	$1,971,566	$243,839
2020	$951,933	$1,151,007	$1,828,583	$-199,074
2019	$2,275,085	$1,248,230	$1,971,235	$1,026,855
2019	$2,235,488	$1,248,230	$1,931,638	$987,258
2018	$928,873	$794,282	$940,356	$134,591

SPACE ON THE FARMINC