THE URBAN FARMING INSTITUTE OF BOSTONINC (EIN 453961022) - 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

PATRICIA SPENCE

Phone

6176805378

Tax Period

2023-01-01 to 2023-12-31

THE URBAN FARMING INSTITUTE OF BOSTONINC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $1.5M, a strong 49% operating margin.

Mission

THE URBAN FARMING INSTITUTE'S (UFI) MISSION IS TO DEVELOP AND PROMOTE URBAN FARMING TO ENGAGE INDIVIDUALS IN GROWING FOOD LOCALLY AND BUILDING A HEALTHY 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 (2023)

Revenue Breakdown

Contributions & Grants $3,013,141

Program Service Revenue $74,073

Investment Income $3,913

Other Revenue $0

TOTAL REVENUE $3,091,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $734,514

Fundraising Expenses $214,051

Program Expenses $1,118,980

Other Expenses $751,049

TOTAL EXPENSES $1,565,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,091,127	$3,609,124	-0.1%
Expenses	$1,565,063	$1,393,922	+0.1%
Net Income	$1,526,064	$2,215,202	-0.3%

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

N/A

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

$140,843

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA SPENCE	EXECUTIVE DI	40.00	Officer	$131,250	$9,593	$140,843
ABDI ALI EDD	DIRECTOR	1.00	Director	$0	$0	$0
TAMIKA FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HASHLEY	CLERK	1.00	Officer Director	$0	$0	$0
LAWRENCE BARRINER II	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY MASLOWE	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL MENDEZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
LUCIA SANTINI-FIELD	TREASURER	1.00	Officer Director	$0	$0	$0
FOLOSHADE SOLOMON	DIRECTOR	1.00	Director	$0	$0	$0
SIEDRIC WHITE	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$3,091,127	$1,565,063	$6,142,170	$1,526,064
2022	$3,609,124	$1,393,922	$5,017,285	$2,215,202
2021	$2,305,440	$1,302,091	$2,728,852	$1,003,349
2020	$1,843,610	$936,075	$1,841,942	$907,535
2019	$725,949	$711,692	$938,639	$14,257
2018	$1,324,346	$624,177	$887,597	$700,169

THE URBAN FARMING INSTITUTE OF BOSTONINC