FARM ON FOUNDATION INC (EIN 461999952) - 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

2013

Legal Domicile

Principal Officer

TESSA EDICK

Phone

6178520313

Tax Period

2024-01-01 to 2024-12-31

FARM ON FOUNDATION INC, founded in 2013, is a small nonprofit in the Education sector that reported $604K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $973K exceeded revenue, resulting in a 61% operating deficit.

Mission

FARM ON FOUNDATION IS DEDICATED TO BRINGING AWARENESS TO FOOD CHOICES AND SOURCES AND REINVIGORATION RESPECT FOR FARMING, INSPIRING YOUNG PEOPLE TO CHOOSE AGRICULTURAL CAREERS TO CREATE AN ECONOMIC ENGINE CONNECTING RURAL AND URBAN MARKETPLACES TO REBUILD LOCAL ECONOMIES

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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 $87,719

Program Service Revenue $374,898

Investment Income $0

Other Revenue $141,671

TOTAL REVENUE $604,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,360

Fundraising Expenses $0

Program Expenses $731,411

Other Expenses $540,552

TOTAL EXPENSES $972,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$604,288	$1,043,939	-0.4%
Expenses	$972,912	$843,689	+0.2%
Net Income	$-368,624	$200,250	-2.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE VARVATOS	PRESIDENT	5.00	Officer Director	$0	$0	$0
KIPP EDICK	SECRETARY	2.00	Officer Director	$0	$0	$0
TESSA EDICK	CHAIRMAN	40.00	Officer	$0	$0	$0
MATHEW KELLEHER	DIRECTOR	2.00	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	$604,288	$972,912	$6,263,664	$-368,624
2023	$1,043,939	$843,689	$6,073,030	$200,250
2022	$2,893,652	$1,231,489	$5,645,086	$1,662,163
2021	$1,697,223	$1,430,611	$4,084,520	$266,612
2020	$71,822	$838,051	$4,137,594	$-766,229
2019	$237,038	$683,590	$4,082,294	$-446,552
2018	$651,142	$622,122	$1,034,955	$29,020

FARM ON FOUNDATION INC