FRANKENMUTH FARMERS MARKET (EIN 421672596) - 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

2005

Legal Domicile

Principal Officer

CHRISTY KUCZYNSKI

Phone

9896079214

Tax Period

2023-01-01 to 2023-12-31

FRANKENMUTH FARMERS MARKET, founded in 2005, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $145K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $237K exceeded revenue, resulting in a 63% operating deficit.

Mission

TO CREATE THE EXCHANGE OF LOCAL PRODUCTS AND INFORMATION BETWEEN GROWERS, PRODUCERS, AND CONSUMERS BY: SUPPLYING FRESH, LOCAL PRODUCTS AND GOODS, EDUCATING GROWERS, PRODUCERS AND CONSUMERS, KEEPING OUR RURAL HERITAGE ALIVE, INSPIRING COMMUNITY, AND ACHIEVING SUSTAINABLE GROWTH.

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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 $821

Program Service Revenue $97,108

Investment Income $14

Other Revenue $47,106

TOTAL REVENUE $145,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,227

Fundraising Expenses $8,683

Program Expenses $189,383

Other Expenses $212,389

TOTAL EXPENSES $236,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,049	$223,799	-0.4%
Expenses	$236,616	$310,948	-0.2%
Net Income	$-91,567	$-87,149	+0.1%

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

$17,515

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRACEY BAKER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BART BLEGEN	DIRECTOR	1.00	Director	$0	$0	$0
JOELLE ABKE	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY KUCZYNSKI	EXECUTIVE DIRECTOR	10.00	Officer	$17,515	$0	$17,515

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	$145,049	$236,616	$2,056,301	$-91,567
2022	$223,799	$310,948	$2,157,461	$-87,149
2021	$272,014	$371,367	$2,274,695	$-99,353
2020	$158,229	$289,082	$2,333,060	$-130,853
2019	$154,920	$262,809	$2,460,287	$-107,889
2018	$167,545	$279,017	$2,603,652	$-111,472

FRANKENMUTH FARMERS MARKET