Steadfast Family Farm Inc (EIN 822719578) - 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

2017

Legal Domicile

Phone

7065997950

Tax Period

2024-01-01 to 2024-12-31

Steadfast Family Farm Inc, founded in 2017, is a small nonprofit in the Religion sector that reported $117K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $159K exceeded revenue, resulting in a 37% operating deficit.

Mission

Steadfast Family Farm provides a place where Joy, Peace, and Empowerment can be experienced by all who desire to grow in the fullness of life, Belonging in Christ. Steadfast was established in a spirit of thankfulness with a desire to share the gift of animals and farm life.

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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 $103,115

Program Service Revenue $13,491

Investment Income $0

Other Revenue $0

TOTAL REVENUE $116,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,425

Fundraising Expenses $1,416

Program Expenses $152,295

Other Expenses $122,064

TOTAL EXPENSES $159,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,606	$269,292	-0.6%
Expenses	$159,489	$134,198	+0.2%
Net Income	$-42,883	$135,094	-1.3%

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

$22,246

Total Directors

$22,246

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Taylor Keene	TreasurerSecretary	5.00	Officer Director	$22,246	$0	$22,246
Jennifer Mercure	Board Member	1.00	Director	$0	$0	$0
Barbara June	Board Member	1.00	Director	$0	$0	$0
Jonathan Sangster	Board Member	1.00	Director	$0	$0	$0
Tod Bethea	CEO	5.00	Officer Director	$0	$0	$0
Deana Bethea	COO	5.00	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	$116,606	$159,489	$174,143	$-42,883
2023	$269,292	$134,198	$215,428	$135,094
2022	$68,731	$75,037	$74,457	$-6,306
2021	$57,082	$56,301	$80,763	$781
2020	$39,742	$46,970	$79,982	$-7,228
2019	$67,839	$43,308	$89,502	$24,531
2018	$63,230	$31,958	$64,971	$31,272

Steadfast Family Farm Inc