WILLIAMSBURG FARMERS MARKET

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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

2004

Legal Domicile

Principal Officer

MICHAEL WESTFALL

Phone

7572593768

Tax Period

2023-07-01 to 2024-06-30

WILLIAMSBURG FARMERS MARKET, founded in 2004, is a small nonprofit that reported $261K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $238K left a modest 9% surplus.

Mission

TO SUSTAIN, FOSTER, AND OPERATE A WEEKLY FARMERS MARKET IN MERCHANT SQUARE FOR GROWERS AND PRODUCERS PRIMARILY OF EASTERN VIRGINIA FEATURING FRESH SEASONAL FOOD AND FARM PRODUCTS FOR SALE DIRECTLY TO THE RESIDENTS, STUDENTS, BUSINESSES, AND VISITORS IN THE GREATER WILLIAMSBURG AREA.

Program Service Accomplishments

Program 1

Expenses: $202,601 Revenue: $223,949

OBJECTIVES OF THE WILLIAMSBURG FARMERS MARKET ARE TO 1. PROVIDE HEALTHY REGINALLY PRODUCED FOOD TO ALL ECONOMIC LEVELS OF THE WILLIAMSBURG COMMUNITY. 2. STIMULATE THE REGIONAL FARM ECONOMY AND...

OBJECTIVES OF THE WILLIAMSBURG FARMERS MARKET ARE TO 1. PROVIDE HEALTHY REGINALLY PRODUCED FOOD TO ALL ECONOMIC LEVELS OF THE WILLIAMSBURG COMMUNITY. 2. STIMULATE THE REGIONAL FARM ECONOMY AND PRESERVE CULTURAL LAND. 3. SUSTAIN AND ENHANCE THE HISTORIC ROLE OF THE WILLIAMSBURG TOWN CENTER AS A PREMIERE GATHERING PLACE FOR MARKETS, SOCIAL, CULTURAL, AND ENTERTAINNMENT EVENTS. 4. CREATE A FUN AND EDUCATIONAL VENUE TO ENHANCE COMMUNITY LIFE IN WILLIAMSBURG.

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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 $29,813

Program Service Revenue $223,949

Investment Income $6,776

Other Revenue $0

TOTAL REVENUE $260,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,606

Fundraising Expenses $0

Program Expenses $202,601

Other Expenses $148,747

TOTAL EXPENSES $238,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,538	$239,756	+0.1%
Expenses	$238,353	$231,760	+0.0%
Net Income	$22,185	$7,996	+1.8%

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

165

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
MICHAEL WESTFALL	CHAIRPERSON	1.00	Officer	$0	$0	$0
RALPH YOUNGS	1ST VICE CHA	1.00	Officer	$0	$0	$0
ROBBI HUTTON	TREASURER/SE	1.00	Officer	$0	$0	$0
ANDY BRADSHAW	BOARD MEMBER	N/A	Director	$0	$0	$0
BARBARA BROWN	BOARD MEMBER	N/A	Director	$0	$0	$0
TEVYA GRIFFIN	BOARD MEMBER	N/A	Director	$0	$0	$0
KEITH JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
LEANNE DUBOIS HARROW	BOARD MEMBER	N/A	Director	$0	$0	$0
AMY RITCHIE	BOARD MEMBER	N/A	Director	$0	$0	$0
MARY ELLEN POWER ROGERS	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL SEGALA	BOARD MEMBER	N/A	Director	$0	$0	$0
FREDRIKA TEUTE	BOARD MEMBER	N/A	Director	$0	$0	$0
RANDY GULDEN	BOARD MEMBER	N/A	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	$260,538	$238,353	$161,113	$22,185
2023	$239,756	$231,760	$137,600	$7,996
2022	$243,638	$246,133	$124,654	$-2,495
2021	$202,571	$207,302	$126,630	$-4,731
2020	$207,486	$239,811	$136,375	$-32,325