Center for Agricultural and Food Entrepreneurship

EIN: 814593322 501(c)(3) Community Improvement

Candler, NC

Total Revenue
$635,991
Total Expenses
$537,752
Total Assets
$1,576,757
Net Assets
$1,172,623
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NC
Principal Officer
Michael McDonald
Phone
8283480130
Tax Period
2024-07-01 to 2025-06-30

Center for Agricultural and Food Entrepreneurship, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $636K in total revenue in fiscal year 2024. The organization ran a surplus of $98K, a strong 15% operating margin.

Mission

To provide infrastruction and techical assistance to enable small businesses enter the marketplace with safe and wholesome food and natural products, thereby assisting in the creation of new businesses, job and revenue for the region.

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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 (2024)

Revenue Breakdown

Contributions & Grants $240,687
Program Service Revenue $381,812
Investment Income $11,093
Other Revenue $2,399
TOTAL REVENUE $635,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $287,536
Fundraising Expenses $12,652
Program Expenses $346,593
Other Expenses $238,316
TOTAL EXPENSES $537,752

Year-over-Year Comparison

2024 2023 Change
Revenue $635,991 $636,570 0.0%
Expenses $537,752 $586,916 -0.1%
Net Income $98,239 $49,654 +1.0%
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

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Governance

Voting Members
11
Independent Members
10
Employees
6
Volunteers
11

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
4
$71,200
Total Directors
12
$11,900
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael McDonald Executive Director 40.00
Officer
$71,200 $0 $71,200
Joel Mowery Chair 2.00
Officer Director
$0 $0 $0
Jill Sparks Treasurer 1.00
Officer Director
$0 $0 $0
Noah Wilson Secretary 1.00
Officer Director
$0 $0 $0
Linda Lamp Board Member - departed 12/31/24 1.00
Director
$0 $0 $0
Jon Snover Board Member 1.00
Director
$0 $0 $0
Chris Reedy Board Member 1.00
Director
$0 $0 $0
Smithson Mills Board Member 2.00
Director
$11,900 $0 $11,900
Greg Gregory Board Member 1.00
Director
$0 $0 $0
Andrea Hall Board Member 1.00
Director
$0 $0 $0
Cathy Hohenstein Board Member 1.00
Director
$0 $0 $0
Meghan Rogers Board Member 1.00
Director
$0 $0 $0
Walter Rapetski Board Member 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
2025 $635,991 $537,752 $1,576,757 $98,239
2024 $636,570 $586,916 $1,475,411 $49,654
2023 $732,011 $443,915 $1,458,817 $288,096
2022 $444,324 $405,586 $790,429 $38,738
2021 $337,266 $364,629 $785,519 $-27,363
2020 $466,600 $391,093 $814,493 $75,507
2019 $388,339 $381,443 $660,400 $6,896
2018 $427,456 $382,832 $655,562 $44,624
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