Center for Agricultural and Food E… - Form 990 Financial Data

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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

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 educational assistance and technical training for limited resource individuals engaged in value-added food and agricultural production. Specific types of training include adherence to all regulatory issues affecting food production and distribution, use and maintenance of equipment necessary for food processing, and product formulation and development.

Program Service Accomplishments

Program 1

Expenses: $346,593 Revenue: $381,812

Our programing provides educational assistance and technical training for limited resource individuals engaged in value-added food and agricultural productions. Specific types of training include...

Our programing provides educational assistance and technical training for limited resource individuals engaged in value-added food and agricultural productions. Specific types of training include adherence to all regulatory issues affecting food production and distribution; use and maintenance of equipment necessary for food processing; and product formulation and development.

Program 2

The Center for Agricultural and Food Entrepreneurship also has an organizational purpose to incubate and support new small businesses in a shared use kitchen, developing products in the State of...

The Center for Agricultural and Food Entrepreneurship also has an organizational purpose to incubate and support new small businesses in a shared use kitchen, developing products in the State of North Carolina and surrounding area.

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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 $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

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

$71,200

Total Directors

$11,900

Key Employees

Highest Compensated

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

Center for Agricultural and Food Entrepreneurship