HEIRLOOM FARMERS MARKETS INC (EIN 463227755) - 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

NICK SZUMOWSKI

Phone

5209189811

Tax Period

2023-01-01 to 2023-12-31

HEIRLOOM FARMERS MARKETS INC, founded in 2013, is a small nonprofit in the Education sector that reported $738K in total revenue in fiscal year 2023. Expenses of $629K left a modest 15% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO OPERATE WORLD-CLASS FARMERS MARKETS THAT CONTRIBUTE TO THE SUCCESS OF FOOD GROWERS IN SOUTHERN ARIZONA AND CREATE VIBRANT COMMUNITY GATHERING PLACES. THE ORGANIZATION IS DEDICATED TO PROMOTING FARM VIABILITY, SUSTAINABLE LAND USE AND ENGAGING OUR COMMUNITY IN THE LOCAL FOOD ECONOMY. WE'RE HELPING TO BUILD A COMMUNITY FOOD SYSTEM THAT HONORS PRODUCERS, TEACHES CONSUMERS ABOUT GOOD FOOD AND ENHANCES THE QUALITY OF LIFE IN SOUTHERN ARIZONA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $316,905

Program Service Revenue $415,752

Investment Income $88

Other Revenue $5,620

TOTAL REVENUE $738,365

Expense Breakdown

Grants Paid $5,765

Salaries & Benefits $249,508

Fundraising Expenses $0

Program Expenses $526,781

Other Expenses $373,319

TOTAL EXPENSES $628,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$738,365	$726,450	+0.0%
Expenses	$628,592	$566,673	+0.1%
Net Income	$109,773	$159,777	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PARAM DEDHIA	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN FULTON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES A DAVIS JR	DIRECTOR	2.00	Director	$0	$0	$0
MANISH SHAH	DIRECTOR	2.00	Director	$0	$0	$0
JANET TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH TENINO	SECRETARY	3.00	Officer Director	$0	$0	$0
BRIAN WARDE	PRESIDENT	3.00	Officer Director	$0	$0	$0
JAYE WELLS	BOARD CHAIRM	4.00	Director	$0	$0	$0
FRANK WILLIAMS	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$738,365	$628,592	$523,919	$109,773
2022	$726,450	$566,673	$448,789	$159,777
2021	$612,528	$462,828	$249,088	$149,700
2020	$342,146	$392,795	$125,835	$-50,649
2019	$371,258	$440,032	$126,650	$-68,774
2018	$425,107	$340,733	$121,942	$84,374

HEIRLOOM FARMERS MARKETS INC