THE FRESHFARM MARKETS INC (EIN 352169859) - 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

2002

Legal Domicile

Principal Officer

HUGO MOGOLLON

Phone

2023917353

Tax Period

2023-01-01 to 2023-12-31

THE FRESHFARM MARKETS INC, founded in 2002, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $10.3M in total revenue in fiscal year 2023.

Mission

TO PROVIDE EDUCATIONAL SERVICES TO THE COMMUNITY REGARDING THE ESTABLISHMENT, OPERATION AND PRESERVATION OF FARMLAND AND FARMERS MARKETS THROUGHOUT THE MID-ATLANTIC REGION AND TO PROVIDE ALTERNATIVE EDUCATIONAL AND MARKETING OPPORTUNITIES FOR FARMERS AND OTHERS TO CREATE LOCAL AND SUSTAINABLE FOOD SYSTEMS THAT ARE ENVIRONMENTALLY SOUND, ECONOMICALLY VIABLE AND SOCIALLY RESPONSIBLE AND WHICH IMPROVE THE VARIETY, FRESHNESS, NUTRITIONAL VALUE AND DISTRIBUTION OF FRESH FARMLAND PRODUCE TO THE COMMUNITY.

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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 $7,475,756

Program Service Revenue $2,848,925

Investment Income $4,335

Other Revenue $0

TOTAL REVENUE $10,329,016

Expense Breakdown

Grants Paid $1,792,088

Salaries & Benefits $5,903,606

Fundraising Expenses $405,762

Program Expenses $9,155,376

Other Expenses $2,540,376

TOTAL EXPENSES $10,236,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,329,016	$9,700,058	+0.1%
Expenses	$10,236,070	$9,015,090	+0.1%
Net Income	$92,946	$684,968	-0.9%

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

185

Volunteers

148

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

$135,169

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA ZETZMAN	CHAIR	5.00	Officer Director	$0	$0	$0
LISA RENSTROM	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RAJ AGGARWAL	SECRETARY	2.00	Officer Director	$0	$0	$0
DANIEL RODDEN	TREASURER	5.00	Officer Director	$0	$0	$0
NICOLE BRELAND AANDAHL	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN BURTON	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL CLARK	DIRECTOR	2.00	Director	$0	$0	$0
NINA DAMATO	DIRECTOR	2.00	Director	$0	$0	$0
MARIA VOLES FERGUSON	DIRECTOR	2.00	Director	$0	$0	$0
ANNE GERSON	DIRECTOR	2.00	Director	$0	$0	$0
MIKE KOHN	DIRECTOR	2.00	Director	$0	$0	$0
LAIZA OTERO	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE RAMSEY	DIRECTOR	2.00	Director	$0	$0	$0
HUGO MOGOLLON	EXECUTIVE DIRECTOR	40.00	Officer	$128,276	$6,893	$135,169
JENNIFER MAMPARA	DIRECTOR OF EDUCATION	40.00	Highest	$104,320	$0	$104,320

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	$10,329,016	$10,236,070	$3,169,262	$92,946
2022	$9,700,058	$9,015,090	$2,906,625	$684,968
2021	$5,781,214	$5,509,720	$2,427,804	$271,494
2020	$5,507,651	$4,979,583	$2,067,892	$528,068
2019	$3,122,337	$2,752,853	$920,211	$369,484
2018	$2,356,906	$2,228,033	$579,985	$128,873

THE FRESHFARM MARKETS INC