FARM OF HOPE INC (EIN 464985753) - 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

2014

Legal Domicile

Principal Officer

JIM CICHELLI

Phone

7172981845

Tax Period

2023-01-01 to 2023-12-31

FARM OF HOPE INC, founded in 2014, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 10% surplus.

Mission

TO OPERATE A FARM-BASED LICENSED DAY PROGRAM SERVICING ADULTS WHO HAVE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES

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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 $67,440

Program Service Revenue $1,821,035

Investment Income $69,147

Other Revenue $0

TOTAL REVENUE $1,957,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,272,428

Fundraising Expenses $18,753

Program Expenses $1,701,838

Other Expenses $485,198

TOTAL EXPENSES $1,757,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,957,622	$1,734,854	+0.1%
Expenses	$1,757,626	$1,364,438	+0.3%
Net Income	$199,996	$370,416	-0.5%

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

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
JIM CICHELLI	PRESIDENT	N/A	Officer Director	$0	$0	$0
AMANDA EMERSON	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
PATTIE FEIT	MEMBER	N/A	Officer Director	$0	$0	$0
TOM FEIT	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CAROL HOSLER	MEMBER	N/A	Officer Director	$0	$0	$0
NANCY MARKEY	MEMBER	N/A	Officer Director	$0	$0	$0
JEFF NAGER	MEMBER	N/A	Officer 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	$1,957,622	$1,757,626	$926,188	$199,996
2022	$1,734,854	$1,364,438	$708,837	$370,416
2022	$1,740,654	$1,364,438	$708,838	$376,216
2021	$903,457	$999,184	$410,605	$-95,727
2020	$1,114,335	$1,122,166	$481,813	$-7,831
2019	$1,606,256	$1,487,354	$554,301	$118,902
2018	$1,283,261	$1,200,935	$398,272	$82,326

FARM OF HOPE INC