RED BARN FARMS (EIN 364794282) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

RICHARD HAWS

Phone

8013868026

Tax Period

2023-01-01 to 2023-12-31

RED BARN FARMS, founded in 2014, is a community nonprofit in the Mental Health sector that reported $5.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $4.7M left a modest 8% surplus.

Mission

RED BARN FARMS IS A LIFE-SKILLS ACADEMY WITH A FOCUS ON ADDICTION RECOVERY AND MENTAL WELLNESS WHICH PROVIDES TRANSITIONAL LIVING, EDUCATIONAL OPPORTUNITIES AND JOBS FOR INDIVIDUALS AND FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,769,610

Program Service Revenue $3,148,358

Investment Income $197,014

Other Revenue $0

TOTAL REVENUE $5,114,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,247,468

Fundraising Expenses $197,252

Program Expenses $3,896,309

Other Expenses $3,460,848

TOTAL EXPENSES $4,708,316

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,114,982	$5,892,959	-0.1%
Expenses	$4,708,316	$3,655,878	+0.3%
Net Income	$406,666	$2,237,081	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$155,663

Total Directors

$155,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD A HAWS	CHAIRMAN / CEO	20.00	Director	$0	$0	$0
MICHAEL J HAWS	PRESIDENT	40.00	Officer Director	$155,663	$0	$155,663
JOHN PARRISH	BOARD MEMBER	5.00	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	No data	No data	No data	No data
2023	$5,114,982	$4,708,316	$17,182,634	$406,666
2022	$5,892,959	$3,655,878	$16,655,586	$2,237,081
2021	$7,483,795	$2,695,191	$14,240,558	$4,788,604
2020	$5,328,358	$1,592,179	$9,538,843	$3,736,179
2019	$1,044,980	$818,024	$5,612,482	$226,956
2018	$674,114	$428,151	$5,169,713	$245,963

RED BARN FARMS