FARM MINISTRIES INC

EIN: 452728595 501(c)(3) Human Services

Sylacauga, AL

Total Revenue
$466,470
Total Expenses
$468,920
Total Assets
$15,863
Net Assets
$15,863
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AL
Tax Period
2023-01-01 to 2023-12-31

FARM MINISTRIES INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $266K in total revenue in fiscal year 2019.

Mission

SUBSTANCE ABUSE REHABILITATION SUPPORT

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $466,470
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $466,470

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,375
Fundraising Expenses $0
Program Expenses $455,013
Other Expenses $422,545
TOTAL EXPENSES $468,920

Year-over-Year Comparison

2023 2022 Change
Revenue $466,470 $529,717 -0.1%
Expenses $468,920 $531,121 -0.1%
Net Income $-2,450 $-1,404 +0.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
12

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BYRON B SHERBERT SECRETARYTREASURER 16.00
Officer
$0 $0 $0
ALLAN S KAY PRESIDENT 16.00
Officer
$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 $466,470 $468,920 $15,863 $-2,450
2022 $529,717 $531,121 $18,313 $-1,404
2021 $544,571 $522,913 $49,620 $21,658
2020 $344,880 $343,601 $27,962 $1,279
2019 $266,499 $260,065 $26,683 $6,434
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