CARNATION FARMS (EIN 813414267) - 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

2016

Legal Domicile

Principal Officer

ELBRIDGE STUART III

Phone

4258443100

Tax Period

2023-01-01 to 2023-12-31

CARNATION FARMS, founded in 2016, is a community nonprofit in the Recreation & Sports sector that reported $3.3M in total revenue in fiscal year 2023. Expenses of $3.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

CARNATION FARMS IS A COMMUNITY-BASED HUB FOR REGENERATIVE FOOD AND AGRICULTURE THAT EDUCATES AND EMPOWERS THE WORK OF CULINARY AND FOOD AND FARMING PROFESSIONALS.

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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 $2,511,111

Program Service Revenue $159,130

Investment Income $-1,442

Other Revenue $596,932

TOTAL REVENUE $3,265,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,674,263

Fundraising Expenses $345,699

Program Expenses $2,512,794

Other Expenses $1,884,784

TOTAL EXPENSES $3,614,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,265,731	$3,163,365	+0.0%
Expenses	$3,614,287	$3,040,145	+0.2%
Net Income	$-348,556	$123,220	-3.8%

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

$254,716

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SHOEMAKER	EXECUTIVE DIRECTOR	40.00	Officer	$103,505	$26,695	$130,200
EVANGEMINE LIWAG	FINANCIAL CONTROLLER	40.00	Officer	$110,892	$13,624	$124,516
ELBRIDGE STUART III	PRESIDENT/TREASURER	5.00	Officer Director	$0	$0	$0
SARAH ODERYD	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$0
NIELS BRISBANE	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRYANT HELVEY	DIRECTOR	1.00	Director	$0	$0	$0
JANICE LAFONTAINE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL ODERYD	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	$3,265,731	$3,614,287	$2,666,879	$-348,556
2022	$3,163,365	$3,040,145	$2,504,172	$123,220
2021	$3,637,966	$3,632,350	$2,560,326	$5,616
2020	$3,707,378	$2,954,105	$13,557,149	$753,273
2019	$3,948,235	$3,596,318	$13,132,140	$351,917
2018	$3,301,036	$3,315,790	$13,691,161	$-14,754

CARNATION FARMS