MIRACLE FARM INC

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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

2001

Legal Domicile

Principal Officer

BRENT THACKERSON

Phone

5122553668

Tax Period

2023-01-01 to 2023-12-31

MIRACLE FARM INC, founded in 2001, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 13% surplus.

Mission

MIRACLE FARM PROVIDES AN ENVIRONMENT FOR CHRIST TO FORGE YOUNG MEN OF INTEGRITY WHO ARE FIRMLY CONNECTED TO THE SENSE OF SECURITY, ACCEPTANCE, AND SIGNIFICANCE THAT COMES FROM AN IDENTITY IN CHRIST.

Program Service Accomplishments

Program 1

Expenses: $1,972,478

MIRACLE FARM IS A RESIDENTIAL BOYS' RANCH PROGRAM SERVING TEENAGE BOYS, AGES 13-18, EXPERIENCING CRISIS WITH FAMILY RELATIONSHIPS, BEHAVIOR AND SOCIAL SKILLS, AND EDUCATIONAL SUCCESS THAT PUT THEM AT HIGH RISK OF DROPPING OUT OF SCHOOL OR ENTERING THE JUVENILE JUSTICE SYSTEM. RESIDENTIAL SERVICES INCLUDE CASE MANAGEMENT, COUNSELING, AN ON-SITE PUBLIC CHARTER SCHOOL, VOCATIONAL TRAINING, AND A HORSE PROGRAM. SERVICES HELP YOUTH RESIDENTS OVERCOME TRAUMA AND LEARN SELF-CONFIDENCE, SELF-DISCIPLINE, RESPONSIBILITY, AND HEALTHY RELATIONSHIP SKILLS. LICENSED PROFESSIONAL COUNSELORS ARE ENGAGED TO DELIVER INDIVIDUAL/FAMILY COUNSELING. MIRACLE FARM ALSO PROVIDES ONGOING FAMILY TRAINING TO HELP RESIDENTIAL CLIENTS AND THEIR FAMILIES HEAL FROM PAST TRAUMA AND IMPROVE RELATIONAL SKILLS. FORMER YOUTH CLIENTS HAVE ACCESS TO AFTERCARE AND INDEPENDENT LIVING SERVICES INCLUDING ON-CAMPUS HOUSING, CASE MANAGEMENT, LIFE SKILLS TRAINING, AND COUNSELING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,282,348

Program Service Revenue $0

Investment Income $33,540

Other Revenue $30,024

TOTAL REVENUE $2,345,912

Expense Breakdown

Grants Paid $59,528

Salaries & Benefits $1,083,428

Fundraising Expenses $68,241

Program Expenses $1,972,478

Other Expenses $908,563

TOTAL EXPENSES $2,051,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,345,912	$1,842,341	+0.3%
Expenses	$2,051,519	$1,549,070	+0.3%
Net Income	$294,393	$293,271	+0.0%

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

$437,506

Total Directors

$290,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL SANCHEZ	CHAIR AND TRUSTEE	1.00	Officer Director	$0	$0	$0
TODD ROBERSON	VICE CHAIR AND TRUSTEE	1.00	Officer Director	$0	$44,977	$290,154
DAVID DUPRE	SECRETARY AND TRUSTEE	1.00	Officer Director	$0	$0	$0
DIANE WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
LAURA SHOOK	TRUSTEE	1.00	Director	$0	$0	$0
FRED ERICKSON	TRUSTEE	1.00	Director	$0	$0	$0
LINDA BEBEE	TRUSTEE	1.00	Director	$0	$0	$0
MARIE DILLARD	TRUSTEE	1.00	Director	$0	$0	$0
BRENT THACKERSON	PRESIDENT	40.00	Officer	$111,254	$36,098	$147,352

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	$2,345,912	$2,051,519	$1,715,379	$294,393
2022	$1,842,341	$1,549,070	$1,377,709	$293,271
2021	$1,869,990	$2,689,500	$1,217,752	$-819,510
2020	$1,851,385	$1,512,388	$1,985,129	$338,997
2019	$2,050,393	$1,558,980	$1,565,600	$491,413
2018	$1,601,181	$1,708,296	$1,029,897	$-107,115