THE BINA 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

2009

Legal Domicile

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

COMPREHENSIVE THERAPEUTIC AND RECREATIONAL ENVIRONMENT UTILIZINGEQUINE ASSISTED ACTIVITIES AND THERAPIES, VOCATIONAL TRAINING PROGRAMSAND CREATIVE AND COMPLEMENTARY THERAPIES FOR CHILDREN AND ADULTS WITHPHYSICAL, DEVELOPMENTAL AND EMOTIONAL CHALLENGES.

Program Service Accomplishments

Program 1

Expenses: $840,070 Revenue: $581,146

THE PRIMARY PURPOSE OF THE BINA FARM IS TO PROVIDE COMPREHENSIVE REHABILITATION SERVICES FOR CHILDREN AND ADULTS WITH PHYSICAL, DEVELOPMENTAL AND EMOTIONAL CHALLENGES. THE ORGANIZATION ACCOMPLISHES ITS MISSION THROUGH EQUINE ASSISTED ACTIVITIES, EQUINE ASSISTED THERAPIES AND OTHER INCLUSIVE PROGRAMS.

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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 $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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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

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

Total Directors

Key Employees

Highest Compensated

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