THE BINA FARM INC

EIN: 800445857 501(c)(3) Health Care

LEXINGTON, MA

Total Revenue
$898,001
Total Expenses
$1,036,402
Total Assets
$1,405,178
Net Assets
$790,853
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MA
Principal Officer
JANICE GILMAN
Phone
7818625020
Tax Period
2023-01-01 to 2023-12-31

THE BINA FARM INC, founded in 2009, is a small nonprofit in the Health Care sector that reported $898K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

BINA FARM CENTER IS A 501(C)(3) ORGANIZATION WITH AN INCLUSIVE MISSION THAT BRINGS TOGETHER INDIVIDUALS WITH AND WITHOUT PHYSICAL, DEVELOPMENTAL, COGNITIVE, AND MENTAL HEALTH CHALLENGES BY OFFERING A VARIETY OF EQUINE-ASSISTED THERAPEUTIC, CLINICAL, RECREATIONAL, EDUCATIONAL AND COMPLEMENTARY PROGRAMS. BINA PROVIDES AN ENVIRONMENT THAT SUPPORTS INDIVIDUALS TO THRIVE PERSONALLY AND WITHIN THEIR COMMUNITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $129,443
Program Service Revenue $581,146
Investment Income $16,188
Other Revenue $171,224
TOTAL REVENUE $898,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $608,632
Fundraising Expenses $41,749
Program Expenses $840,070
Other Expenses $427,770
TOTAL EXPENSES $1,036,402

Year-over-Year Comparison

2023 2022 Change
Revenue $898,001 $1,126,077 -0.2%
Expenses $1,036,402 $1,021,688 +0.0%
Net Income $-138,401 $104,389 -2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
39
Volunteers
206

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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BABAK BINA CO-CHAIR AND CO-FOUNDER 1.00
Officer Director
$0 $0 $0
CORYN BINA CO-CHAIR AND CO-FOUNDER 10.00
Officer Director
$0 $0 $0
LYNN PEDERSON CLERK 10.00
Officer Director
$0 $0 $0
LEDA EIZENBERG DIRECTOR 1.00
Director
$0 $0 $0
DENISE FAHMIE DIRECTOR 1.00
Director
$0 $0 $0
TAMARA JOSEPH DIRECTOR 1.00
Director
$0 $0 $0
LAURIE KELLEY DIRECTOR 1.00
Director
$0 $0 $0
KHALED KHALIL TREASURER 1.00
Director
$0 $0 $0
HARRIS KRUPP DIRECTOR 1.00
Director
$0 $0 $0
HANNAH ST LAURENT DIRECTOR 1.00
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 No data No data No data No data
2023 $898,001 $1,036,402 $1,405,178 $-138,401
2022 $1,126,077 $1,021,688 $1,594,861 $104,389
2021 $1,067,822 $864,244 $996,181 $203,578
2020 $690,281 $729,934 $787,663 $-39,653
2019 $1,005,647 $744,709 $819,042 $260,938
2018 $728,523 $701,776 $569,253 $26,747
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