MALTA FARMS INC (EIN 752908430) - 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

2000

Legal Domicile

Principal Officer

CHADD EVERETT

Tax Period

2024-01-01 to 2024-12-31

MALTA FARMS INC, founded in 2000, is a small nonprofit in the Crime & Legal sector that reported $313K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $412K exceeded revenue, resulting in a 32% operating deficit.

Mission

Transitioning individuals back into the community mainly from jail or the homeless.

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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 $159,126

Program Service Revenue $154,177

Investment Income $0

Other Revenue $0

TOTAL REVENUE $313,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,030

Fundraising Expenses $23,206

Program Expenses $334,657

Other Expenses $322,190

TOTAL EXPENSES $412,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,303	$377,445	-0.2%
Expenses	$412,220	$382,246	+0.1%
Net Income	$-98,917	$-4,801	+19.6%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE BONNER	PRESIDENT	001.00	Officer Director	$0	$0	$0
LESLIE RHODES	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
JEFF WHITAKER	TREASURER	001.00	Officer Director	$0	$0	$0
JOHN SASSEY	SECRETARY	001.00	Officer 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
2024	$313,303	$412,220	$503,028	$-98,917
2023	$377,445	$382,246	$601,945	$-4,801
2022	$501,573	$430,111	$606,746	$71,462
2021	$339,004	$293,489	$546,127	$45,515
2020	$229,140	$213,295	$490,301	$15,845
2019	$358,288	$215,810	$474,578	$142,478
2018	$185,737	$173,452	$300,995	$12,285

MALTA FARMS INC