The Veteran's Farm of North Caroli… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

Robert Elliott

Phone

9197212039

Tax Period

2023-01-01 to 2023-12-31

The Veteran's Farm of North Carolina Inc, founded in 2015, is a small nonprofit in the Human Services sector that reported $359K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

The Veterans Farm of North Carolina, Inc. (VFNC) assists service members exiting the military and Veterans to become self-sufficient farmers. VFNC operates the only full-scale production farm for training Veterans in North Carolina.

Program Service Accomplishments

Program 1

Expenses: $356,252 Revenue: $343,637

Agricultural Education and Mentoring Programs

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $333,425

Program Service Revenue $0

Investment Income $13

Other Revenue $25,766

TOTAL REVENUE $359,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,598

Fundraising Expenses $0

Program Expenses $356,252

Other Expenses $177,994

TOTAL EXPENSES $371,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,204	$433,196	-0.2%
Expenses	$371,592	$330,447	+0.1%
Net Income	$-12,388	$102,749	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$73,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Elliott	Executive Director	40.00	Key Emp Highest	$73,000	$0	$73,000
Samantha Manning	President	2.00	Director	$0	$0	$0
Elisabeth Meyer	Vice-President	2.00	Director	$0	$0	$0
Kate Bishop	Secretary	2.00	Director	$0	$0	$0
Trudy Thornton	Interm Treasurer	20.00	Director	$0	$0	$0
Corey Deibel	Board Member	2.00	Director	$0	$0	$0
Davon Goodwin	Board Member	2.00	Director	$0	$0	$0
Robert Hosford	Board Member	2.00	Director	$0	$0	$0
Clem Lochner	Board Member	2.00	Director	$0	$0	$0
Robin Tutor-Marcom	Board Member	2.00	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
2023	$359,204	$371,592	$180,812	$-12,388
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