DEMAREST FARMS 2 (EIN 274939264) - 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

CAROLYN JAIME LCSW

Phone

2014989140

Tax Period

2023-01-01 to 2023-12-31

DEMAREST FARMS 2, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $207K in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $198K left a modest 4% surplus.

Mission

THE MISSION OF DEMAREST FARMS 2 INC. IS TO PROVIDE PERSONS WITH PSYCHIATRIC DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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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 $79,537

Program Service Revenue $42,986

Investment Income $2,458

Other Revenue $81,805

TOTAL REVENUE $206,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $172,622

Other Expenses $197,823

TOTAL EXPENSES $197,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,786	$121,517	+0.7%
Expenses	$197,823	$201,627	0.0%
Net Income	$8,963	$-80,110	-1.1%

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

$274,250

Total Directors

$179,926

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES HIGGINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN DEANGELO	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLYN JAIME	MEMBER/ CEO	1.00	Officer Director	$0	$5,926	$179,926
BRUCE NUSSMAN	COUNSEL	1.00	Director	$0	$0	$0
EVERARD BASCOE	CFO	1.00	Officer	$0	$9,324	$94,324

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	$206,786	$197,823	$1,535,295	$8,963
2022	$121,517	$201,627	$1,606,669	$-80,110
2021	$113,005	$210,657	$1,644,938	$-97,652
2020	$123,809	$174,837	$1,681,026	$-51,028
2019	$111,134	$164,692	$1,738,785	$-53,558
2018	$109,587	$133,496	$1,772,423	$-23,909

DEMAREST FARMS 2