GoFarm

EIN: 472823438 501(c)(3) Food, Agriculture & Nutrition

Golden, CO

Total Revenue
$1,362,842
Total Expenses
$1,093,063
Total Assets
$2,664,274
Net Assets
$532,727
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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
CO
Principal Officer
Virginia Ortiz
Phone
3039088477
Tax Period
2023-01-01 to 2023-12-31

GoFarm, founded in 2014, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 20% operating margin.

Mission

To train and support local farmers, connect communities with local agriculture, and increase equitable access to nutrient-rich food grown in Colorado.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,154,286
Program Service Revenue $34,825
Investment Income $961
Other Revenue $172,770
TOTAL REVENUE $1,362,842

Expense Breakdown

Grants Paid $47,573
Salaries & Benefits $617,700
Fundraising Expenses $172,770
Program Expenses $724,559
Other Expenses $409,790
TOTAL EXPENSES $1,093,063

Year-over-Year Comparison

2023 2022 Change
Revenue $1,362,842 $787,135 +0.7%
Expenses $1,093,063 $856,548 +0.3%
Net Income $269,779 $-69,413 -4.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
20
Volunteers
40

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
5
$132,262
Total Directors
7
$0
Key Employees
1
$132,262
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Miranda Ericksen Board Chair 1.50
Officer Director
$0 $0 $0
Katherine Mitchell Vice Chair 1.50
Officer Director
$0 $0 $0
Laura Wassmuth Treasurer 1.50
Officer Director
$0 $0 $0
Jessica Luiz Secretary 1.50
Officer Director
$0 $0 $0
Virgina Ortiz Exec Director 40.00
Officer Key Emp Highest
$128,121 $4,141 $132,262
Janet Rose Board member 1.50
Director
$0 $0 $0
Tyler Donovan Board member 1.50
Director
$0 $0 $0
Jacob Mathews Board member 1.50
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 $1,362,842 $1,093,063 $2,664,274 $269,779
2022 $787,135 $856,548 $309,568 $-69,413
2021 $787,242 $762,818 $369,921 $24,424
2020 $660,745 $699,398 $496,963 $-38,653
2019 $478,831 $502,976 $449,203 $-24,145
2018 $748,173 $345,905 $511,676 $402,268
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