SMILE FARMS INC (EIN 465360466) - 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

JAMES MCCANN

Phone

5162374748

Tax Period

2023-01-01 to 2023-12-31

SMILE FARMS INC, founded in 2014, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $339K, a strong 23% operating margin.

Mission

SMILE FARMS CREATES MEANINGFUL EMPLOYMENT, VOCATIONAL, AND EDUCATIONAL OPPORTUNITIES FOR PEOPLE WITH DISABILITIES IN AGRICULTURAL SETTINGS. SMILE FARMS IS SHAPING A BETTER FUTURE WHERE INDIVIDUALS WITH SPECIAL NEEDS ARE VALUED FOR THE REAL CONTRIBUTIONS THEY MAKE IN THEIR WORKPLACES AND COMMUNITIES.

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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 $1,548,008

Program Service Revenue $41,833

Investment Income $16,660

Other Revenue $-151,475

TOTAL REVENUE $1,455,026

Expense Breakdown

Grants Paid $305,745

Salaries & Benefits $500,970

Fundraising Expenses $105,055

Program Expenses $753,567

Other Expenses $309,192

TOTAL EXPENSES $1,115,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,455,026	$1,001,992	+0.5%
Expenses	$1,115,907	$822,918	+0.4%
Net Income	$339,119	$179,074	+0.9%

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

238

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
JAMES F MCCANN	CHAIRMAN & PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK P MARZANO	TREASURER & COMPLIANCE OFFICER	1.00	Officer Director	$0	$0	$0
MICHELLE THOMPSON-DOLBERRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEXANDER J MCAULEY	VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL LIGHTFOOT	DIRECTOR	1.00	Director	$0	$0	$0
JAY SCANSAROLI	DIRECTOR	1.00	Director	$0	$0	$0
DIANA MARTIN	MANAGING DIRECTOR (THRU 9/6/24)	40.00	Highest	$144,615	$0	$144,615
REBECCA TILLMAN	ASSOCIATE DIRECTOR	40.00	Highest	$109,339	$1,094	$110,433

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	$1,455,026	$1,115,907	$1,295,405	$339,119
2022	$1,001,992	$822,918	$851,637	$179,074
2021	$829,074	$582,791	$752,266	$246,283
2020	$684,066	$558,559	$474,375	$125,507

SMILE FARMS INC