THE VETERAN'S FARM OF NORTH CAROLINA INC (EIN 475296346) - 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

2015

Legal Domicile

Principal Officer

ROBERT ELLIOTT

Phone

9194846563

Tax Period

2022-01-01 to 2022-12-31

THE VETERAN'S FARM OF NORTH CAROLINA INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $433K in total revenue in fiscal year 2022. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 24% operating margin.

Mission

ASSISTING VETERANS IN BECOMING SUCCESSFUL FARMERS IN NORTH CAROLINA THROUGH EDUCATIONAL AND MENTORINIG PROGRAMS

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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 (2022)

Revenue Breakdown

Contributions & Grants $433,084

Program Service Revenue $0

Investment Income $112

Other Revenue $0

TOTAL REVENUE $433,196

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $198,722

Fundraising Expenses $0

Program Expenses $304,432

Other Expenses $126,725

TOTAL EXPENSES $330,447

Year-over-Year Comparison

	2022	2021	Change
Revenue	$433,196	$231,697	+0.9%
Expenses	$330,447	$265,047	+0.2%
Net Income	$102,749	$-33,350	-4.1%

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

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

$111,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ELLIOTT	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$111,000	$0	$111,000
ADAM JETER	PRESIDENT	2.00	Director	$0	$0	$0
ELISABETH MEYER	VICE PRESIDENT	2.00	Director	$0	$0	$0
BRIAN GRAYBILL	TREASURER	2.00	Director	$0	$0	$0
KATE BISHOP	SECRETARY	2.00	Director	$0	$0	$0
ROBERT HOSFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN TUTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
QUENTIN MILES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAON GOODWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
COREY DEIBEL	BOARD MEMBER	1.00	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
2022	$433,196	$330,447	$200,532	$102,749
2021	$231,697	$265,047	$97,786	$-33,350
2020	$152,756	$111,869	$131,136	$40,887

THE VETERAN'S FARM OF NORTH CAROLINA INC