PURDUE FARMHOUSE ASSOCIATION INC (EIN 356024596) - 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

1960

Legal Domicile

Principal Officer

CHRIS BECK

Phone

7655672883

Tax Period

2024-01-01 to 2024-12-31

PURDUE FARMHOUSE ASSOCIATION INC, founded in 1960, is a small nonprofit in the Education sector that reported $311K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $586K exceeded revenue, resulting in a 89% operating deficit.

Mission

PURDUE FARMHOUSE ASSOCIATION, INC. PROVIDES HOUSING FOR THE MEMBERS OF THE PURDUE CHAPTER OF FARMHOUSE FRATERNITY. THE ASSOCIATION ALSO PROVIDES PROGRAMMING, EDUCATION, AND DIRECTION RELATED TO THE FACILITIES IT HOLDS TITLE TO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $100

Program Service Revenue $306,832

Investment Income $3,827

Other Revenue $0

TOTAL REVENUE $310,759

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,994

Fundraising Expenses $0

Other Expenses $568,075

TOTAL EXPENSES $586,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$310,759	$349,464	-0.1%
Expenses	$586,069	$523,608	+0.1%
Net Income	$-275,310	$-174,144	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BECK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAKE BOHLANDER	DIRECTOR	1.00	Director	$0	$0	$0
KYLE HARVEY	SECRETARY	1.00	Officer Director	$0	$0	$0
AUSTIN HUBBELL	DIRECTOR	1.00	Director	$0	$0	$0
TODD ROBERTS	TREASURER 20	1.00	Officer Director	$0	$0	$0
LEE STANISH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0

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	$310,759	$586,069	$5,424,930	$-275,310
2023	$349,464	$523,608	$5,763,176	$-174,144
2022	$296,690	$481,931	$5,996,910	$-185,241
2022	No data	No data	$6,253,910	No data
2021	$281,597	$456,371	$6,253,910	$-174,774
2020	$351,296	$460,961	$6,508,407	$-109,665
2019	$439,341	$464,367	$6,697,208	$-25,026
2018	$444,612	$503,398	$6,869,762	$-58,786

PURDUE FARMHOUSE ASSOCIATION INC