GALVESTONS OWN FARMERS MARKET INC

EIN: 464039301 501(c)(3) Community Improvement

Galveston, TX

Total Revenue
$751,733
Total Expenses
$660,157
Total Assets
$296,546
Net Assets
$286,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TX
Principal Officer
Casey McAuliffe
Phone
8328191561
Tax Period
2024-01-01 to 2024-12-31

GALVESTONS OWN FARMERS MARKET INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $752K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $660K left a modest 12% surplus.

Mission

TO CONNECT GALVESTON COUNTY RESIDENTS WITH THEIR LOCAL FOOD ECONOMY AND IMPROVES QUALITY OF LIFE BY FOSTERING A GREATER SENSE OF COMMUNITY THROUGH ACCESS TO BETTER HEALTH, EDUCATION, AND AN ACTIVE CONNECTION TO SOURCES OF GOOD FOOD, ALONG WITH THE JOY OF EATING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $498,836
Program Service Revenue $206,588
Investment Income $4,289
Other Revenue $42,020
TOTAL REVENUE $751,733

Expense Breakdown

Grants Paid $0
Salaries & Benefits $498,656
Fundraising Expenses $65,617
Program Expenses $457,429
Other Expenses $161,501
TOTAL EXPENSES $660,157

Year-over-Year Comparison

2024 2023 Change
Revenue $751,733 $425,201 +0.8%
Expenses $660,157 $552,354 +0.2%
Net Income $91,576 $-127,153 -1.7%
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
9
Independent Members
9
Employees
12
Volunteers
442

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
0
$0
Total Directors
8
$0
Key Employees
1
$72,978
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Casey McAuliffe Executive Director 40
Key Emp Highest
$72,978 $0 $72,978
David Walker Board Member 1
Director
$0 $0 $0
Sara Neibuhr Board Member 1
Director
$0 $0 $0
Siok Hong Chen-Sabot Board Member 1
Director
$0 $0 $0
Kimberly Danesi Vice President 1
Director
$0 $0 $0
Alicia Cahill Past President 1
Director
$0 $0 $0
Priscilla Files President 1
Director
$0 $0 $0
Jessica Karigan Treasurer 1
Director
$0 $0 $0
Christopher Smith-Gonzales Secretary 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 $751,733 $660,157 $296,546 $91,576
2023 $425,201 $552,354 $209,474 $-127,153
2022 $493,878 $422,490 $323,867 $71,388
2021 $427,905 $275,491 $255,570 $152,414
2020 $188,539 $282,299 $114,908 $-93,760
2019 $252,278 $188,606 $132,740 $63,672
2018 $198,125 $185,629 $67,423 $12,496
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