FAMILY FARM WELLSPRING INC

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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

2018

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FAMILY FARM WELLSPRING INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $613K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $570K left a modest 7% surplus.

Mission

TO PROVIDE MINISTRY RELATED ACTIVITIES INCLUDING SUMMER DAY CAMP FOR CHILDREN AGES SIX TO TWELVE, RETREATS FOR ALL AGES, AND PROVIDE FACILITIES FOR SPRING AND FALL SCHOOL FIELD TRIPS.

Program Service Accomplishments

Program 1

Expenses: $562,468

PROVIDED SUMMER CHRISTIAN DAY CAMP FOR OVER 1,500 CHILDREN. PROVIDED PUMPKIN PATCH FOR CHILDREN AND ADULTS TO ENJOY DURING THE FALL MONTHS. HOSTED WEEKEND RETREATS THROUGHOUT THE YEAR. PROVIDED...

PROVIDED SUMMER CHRISTIAN DAY CAMP FOR OVER 1,500 CHILDREN. PROVIDED PUMPKIN PATCH FOR CHILDREN AND ADULTS TO ENJOY DURING THE FALL MONTHS. HOSTED WEEKEND RETREATS THROUGHOUT THE YEAR. PROVIDED FACILITIES FOR SCHOOL FIELD TRIPS DURING THE SPRING AND FALL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $18,492

Program Service Revenue $594,777

Investment Income $0

Other Revenue $0

TOTAL REVENUE $613,269

Expense Breakdown

Grants Paid $16,100

Salaries & Benefits $247,418

Fundraising Expenses $0

Program Expenses $562,468

Other Expenses $306,596

TOTAL EXPENSES $570,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$613,269	$463,937	+0.3%
Expenses	$570,114	$491,131	+0.2%
Net Income	$43,155	$-27,194	-2.6%

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

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

Total Directors

$50,347

Key Employees

$44,907

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL LANKFORD	DIRECTOR	40.00	Director Key Emp	$44,907	$0	$44,907
MANDY PLYLER	DIRECTOR	5.00	Director	$5,440	$0	$5,440
MICAH MAY	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS STANLEY MAY	DIRECTOR	20.00	Director	$0	$0	$0
DONNA MAY	DIRECTOR	20.00	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
2024	No data	No data	No data	No data
2023	$613,269	$570,114	$490,132	$43,155
2022	$463,937	$491,131	$478,619	$-27,194
2021	$601,218	$456,414	$430,718	$144,804
2020	$382,088	$361,199	$280,746	$20,889
2019	$351,055	$380,589	$234,957	$-29,534