FARM COMMONS

EIN: 455445890 501(c)(3) Education

Duluth, MN

Total Revenue
$573,738
Total Expenses
$577,380
Total Assets
$283,461
Net Assets
$280,990
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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
WI
Principal Officer
Rachel Armstrong
Phone
2183024030
Tax Period
2023-01-01 to 2023-12-31

FARM COMMONS, founded in 2012, is a small nonprofit in the Education sector that reported $574K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Farm Commons' mission is to provide the legal resources sustainable farmers need to be the stable, resilient foundation of a community-based food system. Farm Commons empowers agricultural communities to resolve their own legal vulnerabilities, within an ecosystem of support.

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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 $441,723
Program Service Revenue $130,861
Investment Income $0
Other Revenue $1,154
TOTAL REVENUE $573,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $394,219
Fundraising Expenses $23,031
Program Expenses $372,814
Other Expenses $183,161
TOTAL EXPENSES $577,380

Year-over-Year Comparison

2023 2022 Change
Revenue $573,738 $504,775 +0.1%
Expenses $577,380 $470,979 +0.2%
Net Income $-3,642 $33,796 -1.1%
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
6
Independent Members
6
Employees
6
Volunteers
25

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
3
$0
Total Directors
6
$0
Key Employees
1
$74,906
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rachel Armstrong Ex officio and Non-Voting Director 40
Key Emp Highest
$70,412 $4,494 $74,906
Aaron Sandvig Director 1
Director
$0 $0 $0
Andrew Larson Director 1
Officer Director
$0 $0 $0
Tom Buller Secretary 1
Officer Director
$0 $0 $0
Joy Kirkpatrick Treasurer 1
Officer Director
$0 $0 $0
Kate Graham President 1
Director
$0 $0 $0
Beth Dooley Director 1
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 $573,738 $577,380 $283,461 $-3,642
2022 $504,775 $470,979 $287,917 $33,796
2021 $438,509 $437,615 $264,342 $894
2020 $436,671 $368,670 $254,143 $68,001
2019 $306,693 $322,641 $182,649 $-15,948
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