THE FARM PLACE INC

EIN: 814767776 501(c)(3) Mental Health

LAGRANGE, IN

Total Revenue
$77,752
Total Expenses
$29,948
Total Assets
$921,871
Net Assets
$921,371
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IN
Principal Officer
SARAH CLARKSON
Phone
2604633239
Tax Period
2024-01-01 to 2024-12-31

THE FARM PLACE INC, founded in 2016, is a micro nonprofit in the Mental Health sector that reported $78K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $48K, a strong 61% operating margin.

Mission

THE FARM PLACE, INC. IS A FAITH BASED INITIATIVE WHOSE MISSION IS TO PROVIDE A SAFE, NURTURING AND RESTORATIVE PLACE FOR CHILDREN IN NEED THROUGH THERAPEUTIC ANIMAL COMPANIONSHIP AND OTHER METHODS.

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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 $63,141
Program Service Revenue $0
Investment Income $855
Other Revenue $13,756
TOTAL REVENUE $77,752

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $23,106
Other Expenses $29,948
TOTAL EXPENSES $29,948

Year-over-Year Comparison

2024 2023 Change
Revenue $77,752 $71,888 +0.1%
Expenses $29,948 $23,479 +0.3%
Net Income $47,804 $48,409 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY BURGI MEMBER N/A
Director
$0 $0 $0
RANDY FRY MEMBER N/A
Director
$0 $0 $0
KEITH JAMES MEMBER N/A
Director
$0 $0 $0
LEVI KING MEMBER N/A
Director
$0 $0 $0
JENNIFER LAUGHLIN MEMBER N/A
Director
$0 $0 $0
MARGE MALONE MEMBER N/A
Director
$0 $0 $0
AMY MCKOWEN MEMBER N/A
Director
$0 $0 $0
STACY MERRIFIELD MEMBER N/A
Director
$0 $0 $0
JACKIE MYERS MEMBER N/A
Director
$0 $0 $0
KENNETH WEAVER MEMBER N/A
Director
$0 $0 $0
ARLENE WHITE MEMBER N/A
Director
$0 $0 $0
LINDA ZABONA-WOOSTER MEMBER N/A
Director
$0 $0 $0
SARAH CLARKSON PRESIDENT N/A
Officer
$0 $0 $0
LORNE HERSHBERGER TREASURER N/A
Officer
$0 $0 $0
SUE KEENAN SECRETARY N/A
Officer
$0 $0 $0
KYLE PHILLIP VICE PRESIDE N/A
Officer
$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 $77,752 $29,948 $921,871 $47,804
2023 $71,888 $23,479 $874,067 $48,409
2022 $91,991 $32,733 $828,018 $59,258
2021 $118,859 $26,664 $768,760 $92,195
2020 $59,714 $33,801 $677,300 $25,913
2019 $107,205 $23,314 $647,792 $83,891
2018 $285,546 $9,512 $563,901 $276,034
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