Forsyth Farmers Market Inc (EIN 461112698) - 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

Principal Officer

Cherie Trice

Phone

9122208757

Tax Period

2024-10-01 to 2025-09-30

Forsyth Farmers Market Inc, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $672K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $587K left a modest 13% surplus.

Mission

TO INCREASE UNDERSTANDING AND PARTICIPATION IN A LOCAL FOOD SYSTEM THAT SUPPORTS SUSTAINABLE PRODUCTION AND INCREASES ACCESS TO LOCAL PRODUCTS. BY PURSUING THIS MISSION, THE COMMUNITY OF SAVANNAH WILL BENEFIT FROM BETTER DIET AND NUTRITION, LOWER HEALTHCARE COSTS,

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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 $524,016

Program Service Revenue $148,143

Investment Income $0

Other Revenue $0

TOTAL REVENUE $672,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,571

Fundraising Expenses $91,379

Program Expenses $356,960

Other Expenses $321,905

TOTAL EXPENSES $587,476

Year-over-Year Comparison

	2024	2023	Change
Revenue	$672,159	$1,152,324	-0.4%
Expenses	$587,476	$1,305,930	-0.6%
Net Income	$84,683	$-153,606	-1.6%

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

N/A

Independent Members

N/A

Employees

N/A

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

$20,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cherie Trice	Executive Director	40.00	Officer	$20,000	$0	$20,000
Jennifer Shearer	Treasurer	1.00	Director	$0	$0	$0
Tanisha Taylor	Director	1.00	Director	$0	$0	$0
John Lutz	Director	1.00	Director	$0	$0	$0
Angel Ratcliffe	Director	1.00	Director	$0	$0	$0
Kristin Russell	Director	1.00	Director	$0	$0	$0
Dale Critz III	Director	1.00	Director	$0	$0	$0
Ashley Cope	Director	1.00	Director	$0	$0	$0
Tara Nobles	Director	1.00	Director	$0	$0	$0
Elizabeth Woods	Director	1.00	Director	$0	$0	$0
Kyle Dwyer	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
2025	$672,159	$587,476	$191,244	$84,683
2024	$1,152,324	$1,305,930	$116,892	$-153,606
2023	$923,958	$1,048,045	$224,075	$-124,087
2022	$747,465	$564,493	$314,937	$182,972
2021	$471,330	$451,645	$130,503	$19,685
2020	$435,271	$423,278	$114,160	$11,993
2019	$331,278	$327,345	$92,507	$3,933
2018	$215,821	$228,899	$89,068	$-13,078

Forsyth Farmers Market Inc