GALVESTONS OWN FARMERS MARKET INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $133,071 Revenue: $45,509

WEEKLY MARKETS: WE BRING LOCALLY GROWN ORGANIC PRODUCE, PREPARED FOODS AND EDIBLE FARM PRODUCTS TO RESIDENTS OF GALVESTON AT OUR YEAR-ROUND THURSDAY AND SUNDAY MARKETS.

Program 2

Expenses: $172,319 Revenue: $174,474

YOUNG GARDENERS PROGRAM (YGP): YGP IS A COLLABORATION BETWEEN GOFM AND GALVESTON ISD THAT EMBEDS OUR VOLUNTEERS, CURRICULUM AND LEADERSHIP INTO GISD. CHILDREN AGES 1ST - 7TH GRADE ARE TAUGHT HOW TO GROW VEGETABLES, PREPARE FRESH MEALS AND LEARN FROM THE OUTDOORS IN HIGHPRODUCTION GARDENS BUILT, ORGANIZED AND MANAGED BY GOFM. VICTORY GARDENS PROGRAM: A COMMUNITY GARDENS PROGRAM WHEREIN GOFM INSTALLS AND MANAGES LARGE FOOD-GROWING GARDENS IN PARTNERSHIP WITH COMMUNITY ALLIES, NEIGHBORHOODS, AND ORGANIZATIONS FOCUSED ON UNDERSERVED INDIVIDUALS IN GALVESTON.

Program 3

Expenses: $99,758 Revenue: $0

VICTORY GARDENS PROGRAM (VGP): OUR VICTORY GARDENS PROGRAM (VGP) BUILDS AND MANAGES VEGETABLE PRODUCTION BEDS AT PARTNERED SITES IN THE COMMUNITY. THIS PROGRAM TOOK SHAPE IN 2020 AS A WAY TO FURTHER MEET FOOD INSECURITY NEEDS FOR OUR COMMUNITY DURING THE PANDEMIC. IN TANDEM WITH OUR YGP GARDENS, THESE GARDENS LOCATED IN CENTRAL PUBLIC SITES ARE DESIGNED TO PROVIDE MORE VEGETABLE ACCESS TO HOUSEHOLDS ACROSS GALVESTON COUNTY AS WELL AS PROVIDE BEAUTIFUL HAVENS WHICH EMPOWER CONNECTION WITH THE OUTDOORS & FOOD FOR ALL WHO PASS BY. GOFM STAFF ENSURES CONSISTENT MAINTENANCE & ABUNDANT HARVESTS AT OUR VGP GARDENS. IN COLLABORATION WITH OUR COMMUNITY PARTNERS AND VOLUNTEERS, WE LOOK FORWARD TO GROWING THE VGP FAMILY OF GARDENS FOR YEARS TO COME!

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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 $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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

$72,978

Highest Compensated

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