MILL CITY FARMERS MARKET INC (EIN 562647640) - 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

2007

Legal Domicile

Principal Officer

ELLA DANIELS

Phone

6123417580

Tax Period

2024-01-01 to 2024-12-31

MILL CITY FARMERS MARKET INC, founded in 2007, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $192K exceeded revenue, resulting in a 18% operating deficit.

Mission

CREATE A HEALTHY COMMUNITY BY PROVIDING LOCAL, SUSTAINABLE AND ORGANIC FOODS.

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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 $58,722

Program Service Revenue $98,493

Investment Income $65

Other Revenue $5,267

TOTAL REVENUE $162,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,414

Fundraising Expenses $0

Program Expenses $57,990

Other Expenses $66,351

TOTAL EXPENSES $191,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,547	$204,677	-0.2%
Expenses	$191,765	$227,710	-0.2%
Net Income	$-29,218	$-23,033	+0.3%

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

$100,397

Total Directors

$100,397

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY MCMANUS	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
JILL HOLTER	BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
RHYS WILLIAMS	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
STEVEN HORNER	DIRECTOR	0.50	Director	$0	$0	$0
FAYE JONES	DIRECTOR	0.50	Director	$0	$0	$0
DAVID STEVENS	DIRECTOR	0.50	Director	$0	$0	$0
BRENDA LANGTON	DIRECTOR	0.50	Director	$0	$0	$0
DYANNE DRAKE	DIRECTOR	0.50	Director	$0	$0	$0
ELLA DANIELS	EXECUTIVE DIRECTOR	10.00	Officer Director	$87,212	$13,185	$100,397

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	$162,547	$191,765	$591,342	$-29,218
2023	$204,677	$227,710	$617,914	$-23,033
2022	$214,256	$216,829	$635,037	$-2,573
2021	$346,097	$244,423	$645,037	$101,674
2020	$197,697	$200,910	$521,680	$-3,213
2019	$184,211	$167,874	$532,407	$16,337
2018	$205,835	$173,336	$509,243	$32,499

MILL CITY FARMERS MARKET INC