TRI-STATE LOCAL FOODS INC

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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

2012

Legal Domicile

Principal Officer

CRAIG ZAPPIN

Phone

3045237267

Tax Period

2024-01-01 to 2024-12-31

TRI-STATE LOCAL FOODS INC, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $477K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $538K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE LOCAL AGRICULTURE AND ECONOMIC DEVELOPMENT VIA A MARKETPLACE FOR LOCAL PRODUCERS AND TO EDUCATE THE LOCAL COMMUNITY AS TO ISSUES OF HEALTH AND SUSTAINABLE LOCAL FOOD PRODUCTION

Program Service Accomplishments

Program 1

Expenses: $517,990 Revenue: $4,439

OPERATION OF LOCAL YEAR ROUND FARMERS' MARKET THAT SERVES THE TRI-STATE AREA FOR LOCAL FARMERS AND ARTISANS.

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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 $185,773

Program Service Revenue $4,439

Investment Income $0

Other Revenue $286,952

TOTAL REVENUE $477,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,040

Fundraising Expenses $0

Program Expenses $517,990

Other Expenses $341,569

TOTAL EXPENSES $537,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,164	$389,538	+0.2%
Expenses	$537,609	$435,879	+0.2%
Net Income	$-60,445	$-46,341	+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

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

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG ZAPPIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHAWNA STANLEY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JENNIFER BALL	TREASURER	2.00	Officer Director	$0	$0	$0
EMIL WITHERELL	SECRETARY	2.00	Officer Director	$0	$0	$0
REBECCA GRAY	MARKET DIREC	40.00	Director	$50,000	$0	$50,000

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	$477,164	$537,609	$77,825	$-60,445
2023	$389,538	$435,879	$115,575	$-46,341
2022	$425,533	$375,425	$162,987	$50,108
2021	$257,633	$252,977	$112,131	$4,656
2020	$285,067	$265,616	$130,272	$19,451
2019	$186,360	$222,905	$73,562	$-36,545
2018	$139,583	$168,930	$47,117	$-29,347