MID-PENINSULA THE FARM INC (EIN 770283355) - 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

1991

Legal Domicile

Principal Officer

MATTHEW O FRANKLIN

Phone

6503562900

Tax Period

2024-01-01 to 2024-12-31

MID-PENINSULA THE FARM INC, founded in 1991, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.4M exceeded revenue, resulting in a 41% operating deficit.

Mission

IT IS THE MISSION OF MID-PENINSULA THE FARM INC AND ITS SUBSIDIARIES TO DEVELOP AND PROVIDE SAFE, AFFORDABLE HOUSING FOR THE COMMUNITIES IT SERVES; TO HELP ESTABLISH OPPORTUNITY AND STABILITY IN THE LIVES OF ITS RESIDENTS; AND TO FOSTER COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHNIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE IN DIGNITY, HARMONY AND MUTUAL RESPECT.

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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 $20,500

Program Service Revenue $1,281,660

Investment Income $414,719

Other Revenue $0

TOTAL REVENUE $1,716,879

Expense Breakdown

Grants Paid $300,000

Salaries & Benefits $491,044

Fundraising Expenses $0

Program Expenses $2,373,848

Other Expenses $1,625,869

TOTAL EXPENSES $2,416,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,716,879	$1,691,789	+0.0%
Expenses	$2,416,913	$1,078,900	+1.2%
Net Income	$-700,034	$612,889	-2.1%

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

$2,610,663

Total Directors

$252,767

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BURNS	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
CYNTHIA ROCHA	VICE CHAIRPERSON	0.10	Officer Director	$0	$0	$0
WILMA WILSON	SECRETARY	0.10	Officer Director	$0	$46,938	$252,767
HAZEL HENDERSON	DIRECTOR	0.10	Director	$0	$0	$0
ERIC HARRISON	DIRECTOR	0.10	Director	$0	$0	$0
ERICA SAN PAOLO	DIRECTOR	0.10	Director	$0	$0	$0
JOSEPH LEWIS BARHAM	DIRECTOR	0.10	Director	$0	$0	$0
DAWN ANCITO-OSBORN	DIRECTOR	0.10	Director	$0	$0	$0
OLIVIA MARINO	DIRECTOR	0.10	Director	$0	$0	$0
MATTHEW O FRANKLIN	CEO/PRESIDENT/ASST. SECRETARY	0.10	Officer	$0	$72,431	$716,168
MICHAEL J VERGURA	CFO/TREASURER/ASSISTANT SECRETARY	0.10	Officer	$0	$77,467	$550,709
JOANNA L CARMAN	ASSISTANT SECRETARY	45.00	Officer	$349,489	$46,342	$395,831
JANINE LIND	ASSISTANT SECRETARY	0.00	Officer	$0	$9,883	$308,244
ABIGAIL GOLDWARE POTLURI	ASSISTANT SECRETARY	0.10	Officer	$0	$56,916	$386,944
APOLONIO MUNOZ	DIRECTOR OF HOUSING DEVELOPMENT	45.00	Highest	$203,367	$69,423	$272,790
RILEY WEISSENBORN	PROJECT MANAGER	45.00	Highest	$104,816	$28,878	$133,694

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	$1,716,879	$2,416,913	$16,326,585	$-700,034
2023	$1,691,789	$1,078,900	$15,297,199	$612,889
2022	$1,090,450	$1,611,393	$15,002,332	$-520,943
2021	$736,838	$1,823,526	$14,431,601	$-1,086,688
2020	$8,000,521	$8,845,280	$14,630,682	$-844,759
2019	$1,747,981	$2,017,750	$15,144,955	$-269,769
2018	$4,241,862	$818,123	$14,772,528	$3,423,739

MID-PENINSULA THE FARM INC