FARMHOUSE FRATERNITY INC

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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

1931

Legal Domicile

Principal Officer

NOAH ERICKSON

Phone

6126245015

Tax Period

2023-07-01 to 2024-06-30

FARMHOUSE FRATERNITY INC, founded in 1931, is a small nonprofit that reported $293K in total revenue in fiscal year 2023.

Mission

PROVIDING COLLEGIATE FRATERNITY HOUSING, ACTIVITES AND ENVIRONMENT.

Program Service Accomplishments

Program 1

Membership consisted of 27 male undergraduate students attending the University of Minnesota. Housing is provided for up to 50 members from August 2023 to May 2024. Member prepared meals are provided for all members of the fraternity. A part time live-in house director is employed by the House Association for the social well being of all fraternity members.

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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 $13,119

Program Service Revenue $279,483

Investment Income $19

Other Revenue $-11

TOTAL REVENUE $292,610

Expense Breakdown

Grants Paid $270

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $284,426

TOTAL EXPENSES $284,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,610	$289,531	+0.0%
Expenses	$284,696	$285,495	0.0%
Net Income	$7,914	$4,036	+1.0%

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
NOAH ERICKSON	PRESIDENT	10.00	Officer	$0	$0	$0
LEE SIEWERT	VP RECRUITMENT	2.00	Officer	$0	$0	$0
KIERAN MUSSER	VP FINANCE	4.00	Officer	$0	$0	$0
TABER SHELDRUP	DIRECTOR OF OPERATIONS	3.00	Director	$0	$0	$0
ROBERT MCKEE	DIRECTOR OF SERVICE,PHILANTHROPY	1.00	Director	$0	$0	$0
ORINN JUST	DIRECTOR OF SOCIAL/BROTHERHOOD	3.00	Director	$0	$0	$0
AARON LORENZ	DIRECTOR OF HOUSE MAINTENANCE	2.00	Director	$0	$0	$0
JOE SWEET	DIRECTOR OF ACADEMICS/SCHOLARSHIP	1.00	Director	$0	$0	$0
DEVIN MANSON	DIRECTOR OF NEW MBR EDUCATION	3.00	Director	$0	$0	$0
NATHANIEL CLORE	DIRECTOR OF ADMIN/ALUMNI RELATIONS	2.50	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
2025	No data	No data	No data	No data
2024	$292,610	$284,696	$42,202	$7,914
2023	$289,531	$285,495	$65,944	$4,036
2022	$339,520	$354,636	$39,467	$-15,116
2021	$291,141	$331,234	$65,947	$-40,093
2020	$343,108	$360,415	$60,698	$-17,307