TRI CYCLE FARMS 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

Principal Officer

KELLY BASSEMIER

Phone

4799660572

Tax Period

2023-01-01 to 2023-12-31

TRI CYCLE FARMS INC is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $506K in total revenue in fiscal year 2023.

Mission

PROMOTING FOOD SECURITY THROUGH FOOD RECOVERY AND COMMUNITY GARDENING.

Program Service Accomplishments

Program 1

Expenses: $389,762

FOOD DISTRIBUTION: TRI CYCLE FARMS DISTRIBUTES FOOD AND RESOURCES TO COMMUNITY MEMBERS ACROSS WASHINGTON COUNTY. THIS PROGRAM INCLUDES OUR ESTABLISHED FOOD AND SEED EVENTS, HARVESTED CROPS AND EGGS FROM OUR TWO ACRES FARM-PARK, AND FOOD RECOVERY PROGRAM IN PARTNERSHIP WITH WHOLE FOODS MARKER, INC. WE CURRENTLY DELIVER AN AVERAGE OF 437 POUNDS OF FOOD PER DAY (163,155 ANNUALLY) TO PARTNERING ORGANIZATIONS. DISTRIBUTED ITEMS INCLUDE RECOVERED FOOD, PLANT, FLORAL BOUQUETS, GLEAMED FOODS, AND HOUSEHOLD COMMODITIES.

Program 2

Expenses: $8,442

URBAN AGRICULTURAL PROGRAM: THE GARDENS PROVIDE TWO ACRES OF PRODUCTION SPACE, YIELDING AVERAGE OF 3000 POUNDS ANNUALLY OF PRODUCE AND HERBS. THE URBAN AGRICULTURE PROGRAM IS A SUSTAINABLE, FARM-PARK THAT IS A HABITAT FOR WILDLIFE, POLLINATORS, AND NATIVE AND MEDICAL PLANTS. CHEMICAL FREE FARMING PRACTICES HAVE ALLOWED THIS HABITAT TO FLOURISH WHILE EDUCATING THE COMMUNITY ON THE IMPORTANCE OF HEALTHY ECOSYSTEM IN FOOD PRODUCTION, ENVIRONMENTAL STEWARDSHIP, AND THE FOSTERING OF NATURAL SPACES IN URBAN AREAS.

Program 3

THE CITY CHICKS: THE CITY CHICKS PROGRAM PROVIDES URBAN CHICKEN HUSBANDRY EDUCATION OPPORTUNITIES TO CHILDREN AND ADULTS. EGGS ARE SHARED WITH LOW- INCOME COMMUNITY MEMBERS AND TRI CYCLE FARMS...

THE CITY CHICKS: THE CITY CHICKS PROGRAM PROVIDES URBAN CHICKEN HUSBANDRY EDUCATION OPPORTUNITIES TO CHILDREN AND ADULTS. EGGS ARE SHARED WITH LOW- INCOME COMMUNITY MEMBERS AND TRI CYCLE FARMS VOLUNTEERS. COMMUNITY MEMBERS CAN LEARN URBAN CHICKEN KEEPING, COOP PLANNING AND OTHER SKILLS THROUGH CLASSES AND WORKSHOPS DESIGNED TO INSPIRE DEVELOPMENT OF HOME FLOCKS WHICH WILL POSSIBLY IMPACT PERSONAL FOOD SECURITY AND NUTRITION.

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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 $504,865

Program Service Revenue $0

Investment Income $1,603

Other Revenue $0

TOTAL REVENUE $506,468

Expense Breakdown

Grants Paid $340,048

Salaries & Benefits $94,177

Fundraising Expenses $3,414

Program Expenses $398,204

Other Expenses $72,083

TOTAL EXPENSES $506,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,468	$532,635	0.0%
Expenses	$506,308	$486,553	+0.0%
Net Income	$160	$46,082	-1.0%

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
KELLY BASSEMIER	DIRECTOR	N/A	Officer Director	$0	$0	$0
DIANE CHEN	SECRETARY	N/A	Director	$0	$0	$0
ASHLEY STONE	PRESIDENT	N/A	Director	$0	$0	$0
JUSTIN TAYLOR	VICE PRESIDE	N/A	Director	$0	$0	$0
CHERRY BENNETT	TREASURER	N/A	Director	$0	$0	$0
ERICA LATTANZIO	DIRECTOR	N/A	Director	$0	$0	$0
LAURA FLORICK	DIRECTOR	N/A	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	$506,468	$506,308	$332,249	$160
2022	$532,635	$486,553	$326,100	$46,082
2021	$748,912	$772,934	$285,584	$-24,022
2020	$512,777	$528,753	$312,802	$-15,976
2019	$521,269	$384,979	$332,805	$136,290
2018	$499,928	$426,877	$281,028	$73,051