Maine Federation of Farmers Markets (EIN 364716128) - 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

2012

Legal Domicile

Principal Officer

James DeBiasi

Phone

2073701524

Tax Period

2023-01-01 to 2023-12-31

Maine Federation of Farmers Markets, founded in 2012, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 13% surplus.

Mission

MFFM's Mission is to cultivate a vibrant sustainable farmers' market community, as a vital part of Maine's local food network. The Federation works with farmers, consumers and communities to make wholesome, locally-grown foods available to all residents, to educate consumers about food resources and to support farm viability.

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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 $568,110

Program Service Revenue $598,455

Investment Income $0

Other Revenue $2,007

TOTAL REVENUE $1,168,572

Expense Breakdown

Grants Paid $182,827

Salaries & Benefits $215,024

Fundraising Expenses $25,469

Program Expenses $915,396

Other Expenses $621,977

TOTAL EXPENSES $1,019,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,168,572	$814,555	+0.4%
Expenses	$1,019,828	$801,541	+0.3%
Net Income	$148,744	$13,014	+10.4%

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

$76,242

Total Directors

$4,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sherie Blumenthal	Director	1.00	Director	$0	$0	$0
Hillary Crowell	Director	1.00	Director	$0	$0	$0
Kelsey Kobik	Director	5.00	Director	$4,760	$0	$4,760
Deena Parks	Director	1.00	Director	$0	$0	$0
Glenn Stevens Shourds	Director	1.00	Director	$0	$0	$0
Ben Whatley	Director	1.00	Director	$0	$0	$0
Lorelei Cimeno	Director	1.00	Director	$0	$0	$0
Jane Torres	Director	1.00	Director	$0	$0	$0
Laura McCandish	Director	1.00	Director	$0	$0	$0
Mark Guzzi	Chair	1.00	Officer	$0	$0	$0
Carolyn Snell	Vice Chair	1.00	Officer	$0	$0	$0
Jenna Nelson Patton	Secretary	1.00	Officer	$0	$0	$0
Carl Costanzi	Treasurer	1.00	Officer	$0	$0	$0
James Debiasi	Executive Director	40.00	Officer	$74,100	$2,142	$76,242

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	$1,168,572	$1,019,828	$390,666	$148,744
2022	$814,555	$801,541	$187,965	$13,014
2021	$553,987	$545,039	$153,574	$8,948
2020	$388,803	$371,526	$160,992	$17,277

Maine Federation of Farmers Markets