MIDLAND DOWNTOWN FARMERS MARKET INC (EIN 453414900) - 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

2007

Legal Domicile

Principal Officer

ELAINE BLOUNT

Phone

4324252615

Tax Period

2024-01-01 to 2024-12-31

MIDLAND DOWNTOWN FARMERS MARKET INC, founded in 2007, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $84K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $95K exceeded revenue, resulting in a 13% operating deficit.

Mission

LOCAL FARMERS MARKET CONSISTING OF VENDOR SALES OF FRESH PRODUCE FOR THE COMMUNITY.

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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 $26,000

Program Service Revenue $58,134

Investment Income $0

Other Revenue $0

TOTAL REVENUE $84,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,600

Fundraising Expenses $0

Program Expenses $95,243

Other Expenses $49,643

TOTAL EXPENSES $95,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,134	$71,524	+0.2%
Expenses	$95,243	$71,466	+0.3%
Net Income	$-11,109	$58	-192.5%

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANN YATES	PRESIDENT	20.00	Officer	$0	$0	$0
BARBARA COX	VICE PRESIDENT	20.00	Officer	$12,000	$0	$12,000
ELAINE BLOUNT	TREASURER	20.00	Officer	$0	$0	$0
JACKELINE MANDUJANO DOMINGUEZ	SECRETARY	20.00	Officer	$0	$0	$0
ANGEL BRITO	MEMBER	12.00	Director	$0	$0	$0
CHRIS GOODGAME	MEMBER	12.00	Director	$0	$0	$0
TYLER BRAWLEY	MEMBER	12.00	Director	$0	$0	$0
SAMANTHA BORGSTEDT	MARKET DIRECTOR	20.00	Officer	$24,000	$0	$24,000

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	$84,134	$95,243	$51,932	$-11,109
2023	$71,524	$71,466	$63,042	$58
2022	$86,215	$74,678	$62,985	$11,537

MIDLAND DOWNTOWN FARMERS MARKET INC