SPROUT CREEK FARM 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

2011

Legal Domicile

Principal Officer

GEOFFREY BRACKETT

Phone

8454858438

Tax Period

2021-07-01 to 2022-06-30

SPROUT CREEK FARM INC, founded in 2011, is a micro nonprofit that reported $9K in total revenue in fiscal year 2021. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 954% operating deficit.

Mission

AN EDUCATIONAL FARM OFFERING EXPERIENCES FOR CHILDREN AND ADULTS USING THE RESOURCES OF THE FARM. (CONTINUED IN SCHEDULE O)(CONTINUED) ENCOMPASSING 200 ACRES IN DUTCHESS COUNTY, NY, SPROUT CREEK FARM IS A FARM THAT PROVIDES EDUCATIONAL EXPERIENCES FOR CHILDREN AND ADULTS. THE FARM FOSTERS APPRECIATION FOR AND UNDERSTANDING OF OUR PLACE WITHIN THE NATURAL WORLD AND THUS ENCOURAGES RESPONSIBILITY FOR THE FUTURE OF THE ENVIRONMENT; TO OFFER PROGRAMS THAT RECONNECT PEOPLE TO THE RICH AGRICULTURAL HERITAGE OF THE UNITED STATES; TO OFFER AN EXPERIENCE OF COMMUNITY AS A MODEL OF PEACEFUL LIVING; TO OFFER PROGRAMS IN SPIRITUAL DEVELOPMENT, USING AGRICULTURAL RESOURCES OF THE FARM AS BOTH SETTING AND STARTING POINTS FOR THE PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

DURING THE YEAR ENDED JUNE 30, 2020 IT WAS DETERMINED THAT THE FARM COULD NOT SUSTAIN OPERATIONS AND THE BOARD OF DIRECTORS AUTHORIZED OPERATIONS TO CEASE AND IMPLEMENTED PROTOCOLS FOR ITS SHUTDOWN.

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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 (2021)

Revenue Breakdown

Contributions & Grants $84

Program Service Revenue $0

Investment Income $136

Other Revenue $8,336

TOTAL REVENUE $8,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $90,188

TOTAL EXPENSES $90,188

Year-over-Year Comparison

	2021	2020	Change
Revenue	$8,556	$14,522	-0.4%
Expenses	$90,188	$79,178	+0.1%
Net Income	$-81,632	$-64,656	+0.3%

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

N/A

Volunteers

N/A

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

$1,194,702

Total Directors

$2,610,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE MAGGIN	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE COOKE	TRUSTEE	1.00	Director	$0	$0	$0
SEAN P KAYLOR	TRUSTEE	1.00	Director	$0	$84,050	$417,008
THOMAS WERMUTH	TRUSTEE	1.00	Director	$0	$56,723	$384,873
DEBORAH DICAPRIO	TRUSTEE	1.00	Director	$0	$61,060	$330,292
CHRISTINA DANIELE	SECRETARY	1.00	Officer Director	$0	$61,167	$247,390
GEOFFREY L BRACKETT	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$73,502	$557,456
JOHN PECCHIA	TREASURER	1.00	Officer Director	$0	$48,640	$389,856
JUSTIN BUTWELL	TRUSTEE	1.00	Director	$0	$65,487	$283,565
KIM BODENDORF	FORMER EXECUTIVE DIRECTOR	0.00		$0	$47,528	$151,722

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
2022	$8,556	$90,188	$2,907,075	$-81,632
2021	$14,522	$79,178	$3,122,630	$-64,656
2020	$348,963	$1,364,294	$3,157,442	$-1,015,331
2019	$516,574	$1,701,589	$3,291,611	$-1,185,015