WACO DOWNTOWN FARMERS MARKET (EIN 453249404) - 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

2011

Legal Domicile

Principal Officer

BETHEL ERICKSON

Phone

4065799170

Tax Period

2024-01-01 to 2024-12-31

WACO DOWNTOWN FARMERS MARKET, founded in 2011, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $299K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $261K left a modest 13% surplus.

Mission

TO OPERATE WELCOMING AND DIVERSE MARKETS THAT SUPPORT LOCAL FARMERS AND SMALL BUSINESSES, INCREASE ACCESS TO HEALTHY AFFORDABLE FOOD, AND ENRICH THE WACO COMMUNITY THROUGH EDUCATION AND WELLNESS ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $117,853

Program Service Revenue $173,307

Investment Income $1,786

Other Revenue $6,119

TOTAL REVENUE $299,065

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $125,422

Fundraising Expenses $0

Program Expenses $198,190

Other Expenses $134,969

TOTAL EXPENSES $261,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,065	$247,716	+0.2%
Expenses	$261,391	$198,747	+0.3%
Net Income	$37,674	$48,969	-0.2%

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

Total Directors

$49,920

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNA SWANSON	DIRECTOR	0.50	Officer Director	$0	$0	$0
DEVIN LI	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
VERONICKA THOMPSON	SECRETARY	0.50	Director	$0	$0	$0
BETHEL ERICKSON	MARKET MANAGER	40.00	Director	$49,920	$0	$49,920
CARMEN MASSEY	PRESIDENT	0.50	Officer Director	$0	$0	$0
ASHLEY YOUNG	TREASURER	0.50	Officer Director	$0	$0	$0
SUZY HACK	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE WONG BAESA	DIRECTOR	0.50	Director	$0	$0	$0
ERIC TERRAZAS	DIRECTOR	0.50	Director	$0	$0	$0
DARIUS EWING	DIRECTOR	0.50	Director	$0	$0	$0
ERIC LINARES	DIRECTOR	0.50	Director	$0	$0	$0
AFRICA TARVER	DIRECTOR	0.50	Director	$0	$0	$0
CAMILLE WILDER	DIRECTOR	0.50	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
2024	$299,065	$261,391	$195,620	$37,674
2023	$247,716	$198,747	$148,586	$48,969
2022	$195,203	$167,004	$99,714	$28,199

WACO DOWNTOWN FARMERS MARKET