MYAGRO FARMS (EIN 455267449) - 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

2012

Legal Domicile

Phone

5033136371

Tax Period

2024-01-01 to 2024-12-31

MYAGRO FARMS, founded in 2012, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $28.4M exceeded revenue, resulting in a 370% operating deficit.

Mission

MYAGRO'S UNIQUE MOBILE LAYAWAY PLATFORM ALLOWS FARMERS TO USE THEIR MOBILE PHONES TO PURCHASE SEEDS AND FERTILIZER IN SMALL INCREMENTS AND PROVIDES AGRICULTURAL TRAINING TO FARMERS WHO INVESTED IN MYAGRO PACKAGES, SHARING HARVEST-IMPROVING AGRICULTURAL TECHNIQUES.

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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 $5,490,253

Program Service Revenue $0

Investment Income $545,860

Other Revenue $1,028

TOTAL REVENUE $6,037,141

Expense Breakdown

Grants Paid $19,359,636

Salaries & Benefits $5,469,590

Fundraising Expenses $566,906

Program Expenses $25,721,206

Other Expenses $3,521,913

TOTAL EXPENSES $28,351,139

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,037,141	$22,574,181	-0.7%
Expenses	$28,351,139	$9,020,869	+2.1%
Net Income	$-22,313,998	$13,553,312	-2.6%

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

$1,310,945

Total Directors

$427,331

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANUSHKA RATNAYAKE	ceo & FOUNDER (see schedule o)	40.0	Officer Director	$289,234	$0	$427,331
DIDO HARDING	CHAIRMAN	2.0	Officer Director	$0	$0	$0
EVAN MARWELL	DIRECTOR	2.0	Director	$0	$0	$0
FARRAH BARRIOS	DIRECTOR	2.0	Director	$0	$0	$0
MAMADOU BITEYE	DIRECTOR	2.0	Director	$0	$0	$0
OUSSEYNOU NAKOULIMA	DIRECTOR	2.0	Director	$0	$0	$0
RAMATOULAYE DIALLO	DIRECTOR	2.0	Director	$0	$0	$0
RANDI HEDIN	DIRECTOR	2.0	Director	$0	$0	$0
RICH LEIMSIDER	DIRECTOR	2.0	Director	$0	$0	$0
CASEY CLINE	INTERIM CEO (see sch. o) & MANAGING DIR., US	40.0	Officer	$132,785	$0	$132,785
ERIN MOORE	CHIEF OF STAFF (THRU 6/20/24)	40.0	Officer	$98,079	$0	$98,079
PATRICK TOGNISSO	CHIEF OPERATING OFFICER	0.0	Officer	$0	$1,946	$222,756
RAJI KALRA	CONTRACTED CFO (SEE SCHEDULE O)	40.0	Officer	$0	$0	$0
ROMAN Hingorani	CHIEF FINANCIAL OFFICER (THRU 1/12/24)	40.0	Officer	$23,615	$649	$24,264
SHON MORRIS	CHIEF TALENT OFFICER	40.0	Officer	$177,716	$0	$177,716
SIDDHANTA WIESNER	CHIEF TECHNOLOGY OFFICER	40.0	Officer	$213,289	$14,725	$228,014
DOUGLAS BRADBURY	DIRECTOR OF SOFTWARE ENGINEERING	40.0	Highest	$187,431	$0	$187,431
GRANT ADAMS	SOFTWARE ENGINEER	40.0	Highest	$128,147	$14,725	$142,872
LI-HSUAN LUNG	ENGINEERING LEAD	40.0	Highest	$163,484	$14,725	$178,209
STEPHANIE KABORE	DIRECTOR OF FINANCE (THRU 11/7/24)	40.0	Highest	$136,140	$0	$136,140

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	$6,037,141	$28,351,139	$36,710,767	$-22,313,998
2023	$22,574,181	$9,020,869	$138,938,502	$13,553,312
2022	$19,430,121	$8,717,701	$122,019,426	$10,712,420
2021	$79,352,581	$2,352,766	$113,821,960	$76,999,815
2021	$12,816,140	$3,506,855	$37,466,231	$9,309,285
2020	$10,745,753	$3,938,077	$27,316,484	$6,807,676
2019	$11,351,082	$3,076,319	$18,279,428	$8,274,763
2018	$9,340,725	$8,565,446	$3,546,653	$775,279

MYAGRO FARMS