The Farm of Northwest Florida Inc

EIN: 454774306 501(c)(3) Food, Agriculture & Nutrition

Bonifay, FL

Total Revenue
$257,633
Total Expenses
$303,293
Total Assets
$664,526
Net Assets
$270,060
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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
2013
Legal Domicile
FL
Principal Officer
Dwight Rich
Tax Period
2023-01-01 to 2023-12-31

The Farm of Northwest Florida Inc, founded in 2013, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $258K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $303K exceeded revenue, resulting in a 18% operating deficit.

Mission

Faith Based Addiction Regeneration Ministry is to help the fight against addiction and learn to be able to rebuild and maintain a healthy relationship with God and their Family.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $246,098
Program Service Revenue $0
Investment Income $11,535
Other Revenue $0
TOTAL REVENUE $257,633

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,024
Fundraising Expenses $0
Program Expenses $292,314
Other Expenses $209,269
TOTAL EXPENSES $303,293

Year-over-Year Comparison

2023 2022 Change
Revenue $257,633 $276,748 -0.1%
Expenses $303,293 $253,095 +0.2%
Net Income $-45,660 $23,653 -2.9%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
3
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dwight Rich President 1.00
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 $257,633 $303,293 $664,526 $-45,660
2022 $276,748 $253,095 $694,042 $23,653
2021 $250,451 $208,975 $723,806 $41,476
2020 $197,438 $199,151 $404,435 $-1,713
2019 $224,424 $199,716 $291,406 $24,708
2018 $251,442 $173,154 $266,678 $78,288
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