FUTURE HARVEST INC (EIN 522132982) - 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

1998

Legal Domicile

Principal Officer

GRACE LEATHERMAN

Phone

4105497878

Tax Period

2024-01-01 to 2024-12-31

FUTURE HARVEST INC, founded in 1998, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

WORKING TO ADVANCE AGRICULTURE THAT SUSTAINS THE CHESAPEAKE REGION'S FARMERS, COMMUNITIES, AND ENVIRONMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,042,806

Program Service Revenue $157,610

Investment Income $2,043

Other Revenue $20

TOTAL REVENUE $1,202,479

Expense Breakdown

Grants Paid $358,762

Salaries & Benefits $625,943

Fundraising Expenses $11,714

Program Expenses $1,136,728

Other Expenses $354,728

TOTAL EXPENSES $1,339,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,202,479	$965,168	+0.2%
Expenses	$1,339,433	$1,328,477	+0.0%
Net Income	$-136,954	$-363,309	-0.6%

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

$115,205

Total Directors

$700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA GREV	SECRETARY	2.00	Officer Director	$0	$0	$0
ALICE CHALMERS	MEMBER	2.00	Director	$0	$0	$0
BILLY MCCARTHY	MEMBER	2.00	Director	$0	$0	$0
RICHARD FRANCIS FARMER CHIPPY	MEMBER	2.00	Director	$0	$0	$0
MEREDITH GIRARD	MEMBER	2.00	Director	$0	$0	$0
ALAN GIRARD	EX OFFICIO MEMBER	2.00	Director	$0	$0	$0
MK BARNET	MEMBER	2.00	Director	$0	$0	$0
CHIMENE CASTOR	MEMBER	2.00	Director	$0	$0	$0
NATHAN BERGDOLL	MEMBER	2.00	Director	$0	$0	$0
TOBY HAGEROTT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN IMMELT	MEMBER	2.00	Director	$0	$0	$0
DANA SLATER	MEMBER	2.00	Director	$0	$0	$0
ELIZA GREENMAN	MEMBER	2.00	Director	$0	$0	$0
GERARDO MARTINEZ	MEMBER	2.00	Director	$0	$0	$0
RUDY ARREDONDO	MEMBER	2.00	Director	$0	$0	$0
THELONIUS COOK	PRESIDENT	2.00	Officer Director	$700	$0	$700
SHELLEY RUDICK	MEMBER	2.00	Director	$0	$0	$0
CLIFF SLADE	MEMBER	2.00	Director	$0	$0	$0
LISA DUFF	MEMBER	2.00	Director	$0	$0	$0
KEITH OHLINGER	TREASURER	2.00	Officer Director	$0	$0	$0
GRACE LEATHERMAN	EXECUTIVE DIRECTOR	40.00	Officer	$111,170	$3,335	$114,505

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	$1,202,479	$1,339,433	$857,148	$-136,954
2023	$965,168	$1,328,477	$938,415	$-363,309
2022	$525,914	$925,742	$1,177,052	$-399,828
2021	$615,549	$827,387	$1,638,711	$-211,838
2020	$874,332	$1,010,131	$1,924,122	$-135,799
2018	$1,250,150	$932,443	$966,445	$317,707

FUTURE HARVEST INC