FARMER VETERAN COALITION

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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

JEANETTE LOMBARDO

Phone

8553823276

Tax Period

2024-01-01 to 2024-12-31

FARMER VETERAN COALITION, founded in 2013, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 5% surplus.

Mission

THE FARMVER VETERAN COALITION CULTIVATES A NEW GENERATION OF FARMERS AND FOOD LEADERS, AND DEVELOPS VIABLE EMPLOYMENT AND MEANINGFUL CAREERS THROUGH THE COLLABORATION OF THE FARMING AND MILITARY COMMUNITIES. WE BELIEVE THAT VETERANS POSSESS THE UNIQUE SKILLS AND CHARACTER NEEDED TO STRENGTHEN RURAL COMMUNITIES AND CREATE SUSTAINABLE FOOD SYSTEMS. WE BELIEVE THAT AGRICULTURE OFFERS PURPOSE, OPPORTUNITY, AND PHYSICAL AND PSYCHOLOGICAL BENEFITS.FARMER VETERAN COALITION WAS FORMED TO HELP AT-RISK VETERANS AS THEY RE-ENTER CIVILIAN SOCIETY BY CONNECTING THEM WITH MEANINGFUL AND STABLE CAREER OPPORTUNITIES IN THE AGRICULTURAL SECTOR, AND TO HELP VETERANS WHO ARE SUFFERING FROM PARTICULARLY SEVERE COMBAT-RELATED INJURIES TO LOCATE SERVICES AND THERAPY OPTIONS THAT WILL ENABLE THEM TO THRIVE.

Program Service Accomplishments

Program 1

Expenses: $1,647,709 Revenue: $20,887

MEMBER SERVICES - THE ORGANIZATION HAS FORMED A COALITION OF VETERANS ACROSS THE UNITED STATES TO ASSIST EACH OTHER IN FINDING MEANINGFUL CAREERS IN AGRICULTURE. THE COALITION HAS ESTABLISHED...

MEMBER SERVICES - THE ORGANIZATION HAS FORMED A COALITION OF VETERANS ACROSS THE UNITED STATES TO ASSIST EACH OTHER IN FINDING MEANINGFUL CAREERS IN AGRICULTURE. THE COALITION HAS ESTABLISHED OUTREACH PROGRAMS TO ENCOURAGE LOCAL RELATIONSHIPS, AND HAS DEVELOPED A HOMEGROWN BY HEROES TRADEMARK WITH LABELS AND PRODUCTS TO USE BY MEMBER VETERAN FARMERS ACROSS THE UNITED STATES. ADDITIONALLY FVC HAS A FELLOWSHIP FUND TO PROVIDE FINANCIAL SUPPORT FOR BUSINESS START-UP COSTS AND SCHOLARSHIPS AS WELL AS INTERNSHIPS TO EDUCATE VETERANS ABOUT THE BUSINESS OF AGRICULTURE.

Program 2

Expenses: $145,892 Revenue: $32,779

OUTREACH AND EDUCATION - IN ADDITION TO THE MEMBERSHIP ACTIVITY, THE FARMER VETERAN COALITION DOES OUTREACH AND EDUCATION TO FIND VETERANS WITH THE ABILITY TO BENEFIT FROM MEMBERSHIP AND TO IDENTIFY FARMERS AND OTHER COMMUNITY MEMBERS TO ACT AS RESOURCES AND MENTORS AND TO EDUATE THE GENERAL PUBLIC ABOUT THE OPPORTUNITIES FOR VETERANS IN AGRICULTURE.

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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 $2,397,388

Program Service Revenue $53,666

Investment Income $7,162

Other Revenue $-19,697

TOTAL REVENUE $2,438,519

Expense Breakdown

Grants Paid $656,860

Salaries & Benefits $829,692

Fundraising Expenses $6,707

Program Expenses $1,793,601

Other Expenses $818,601

TOTAL EXPENSES $2,305,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,438,519	$1,972,809	+0.2%
Expenses	$2,305,153	$2,133,489	+0.1%
Net Income	$133,366	$-160,680	-1.8%

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

Volunteers

N/A

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

$173,227

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY MATTESON	PRESIDENT	5.00	Officer Director	$0	$0	$0
GENERAL CHARLES KRUSE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DONN TESKE	TREASURER	3.00	Officer Director	$0	$0	$0
LARRY JACOBS	SECRETARY	3.00	Officer Director	$0	$0	$0
BILL FIELD EDD	DIRECTOR	1.00	Director	$0	$0	$0
TASHA HARGROVE PHD	DIRECTOR	1.00	Director	$0	$0	$0
VICKI CARTER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX WOODS	DIRECTOR	1.00	Director	$0	$0	$0
KEN DEVAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK BOWEN	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE LOMBARDO	EXECUTIVE DIRECTOR	40.00	Officer	$151,712	$21,515	$173,227

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	$2,438,519	$2,305,153	$1,038,467	$133,366
2023	$1,972,809	$2,133,489	$925,219	$-160,680
2022	$1,987,394	$2,024,034	$1,002,221	$-36,640
2021	$1,991,303	$2,001,848	$1,014,004	$-10,545
2020	$2,114,529	$2,013,786	$624,652	$100,743
2019	$1,883,982	$2,220,986	$575,916	$-337,004
2018	$1,471,185	$1,616,201	$745,790	$-145,016