FARM FOR HOPE INC

EIN: 821674504 501(c)(3) Employment

VANDIVER, AL

Total Revenue
$432,899
Total Expenses
$305,773
Total Assets
$530,568
Net Assets
$527,534
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
AL
Principal Officer
JOHN WALL
Phone
2057870881
Tax Period
2023-01-01 to 2023-12-31

FARM FOR HOPE INC, founded in 2022, is a small nonprofit in the Employment sector that reported $648K in total revenue in fiscal year 2022. The organization ran a surplus of $401K, a strong 62% operating margin.

Mission

HELPING MEN AND WOMEN TRANSITION FROM DIFFICULTY TO A LIFE OF FREEDOM AND PURPOSE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $330,849
Program Service Revenue $0
Investment Income $760
Other Revenue $101,290
TOTAL REVENUE $432,899

Expense Breakdown

Grants Paid $0
Salaries & Benefits $147,378
Fundraising Expenses $0
Program Expenses $98,396
Other Expenses $158,395
TOTAL EXPENSES $305,773

Year-over-Year Comparison

2023 2022 Change
Revenue $432,899 $648,036 -0.3%
Expenses $305,773 $247,399 +0.2%
Net Income $127,126 $400,637 -0.7%
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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Governance

Voting Members
4
Independent Members
4
Employees
5
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
5
$60,000
Total Directors
5
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN O WALL JR EXECUTIVE DIRECTOR 40.00
Officer Director
$60,000 $0 $60,000
LANCE SMITH PRESIDENT 40.00
Officer Director
$0 $0 $0
DAVID DYER VICE PRESIDENT 40.00
Officer Director
$0 $0 $0
CRAIG T COOK TREASURER 40.00
Officer Director
$0 $0 $0
MACKENZIE DYER SECRETARY 40.00
Officer 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 $432,899 $305,773 $530,568 $127,126
2022 $648,036 $247,399 $403,553 $400,637
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