NEXT FARM INITIATIVE 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

Principal Officer

SUSAN WILLIAMS

Phone

3176961933

Tax Period

2022-01-01 to 2022-12-31

NEXT FARM INITIATIVE INC, founded in 2018, is a micro nonprofit that reported $807K in total revenue in fiscal year 2022. Revenue fell 1024% from the prior year — a significant decline worth monitoring.

Mission

NEXT FARM INITIATIVE, INC. USES URBAN FARMING TO PROVIDE HOLISTIC SUPPORT ANCHORED IN MENTAL WELLNESS THAT EQUIP YOUNG, JUSTICE-INVOLVED WOMEN TO ACHIEVE A LIFETIME OF ECONOMIC SECURITY.

Program Service Accomplishments

Program 1

Expenses: $5,767

NEXT FARM INITIATIVE, INC. OFFERED HOLISTIC SUPPORT TO AT-RISK, 18-24 YEAR-OLD WOMEN SO THEY COULD ACHIEVE ECONOMIC INDEPENDENCE. USING THE MICROCOSM OF A RESIDENTIAL URBAN FARM AS A LEARNING LAB...

NEXT FARM INITIATIVE, INC. OFFERED HOLISTIC SUPPORT TO AT-RISK, 18-24 YEAR-OLD WOMEN SO THEY COULD ACHIEVE ECONOMIC INDEPENDENCE. USING THE MICROCOSM OF A RESIDENTIAL URBAN FARM AS A LEARNING LAB, PARTICIPANTS WORKED TOGETHER TO RUN A SMALL BUSINESS ENTERPRISE, GAINED KEY LIFE AND EMPLOYABILITY SKILLS, BUILT PERSONAL RESILIENCE, AND PROVIDED FRESH, HEALTHY FOOD TO THEIR NEIGHBORS. THE ORGANIZATION IS NO LONGER IN OPERATION AND ALL PROPERTY HAS BEEN SOLD WITH THE REMAINING ASSETS CONTRIBUTED TO ANOTHER PUBLIC CHARITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $80,768

Program Service Revenue $0

Investment Income $-929,844

Other Revenue $41,906

TOTAL REVENUE $-807,170

Expense Breakdown

Grants Paid $5,767

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,767

Other Expenses $131,764

TOTAL EXPENSES $137,531

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-807,170	$87,359	-10.2%
Expenses	$137,531	$123,471	+0.1%
Net Income	$-944,701	$-36,112	+25.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN WILLIAMS	CHAIR	1.00	Officer Director	$0	$0	$0
SALLY WINTER	SECRETARY	1.00	Officer Director	$0	$0	$0
LILY PAI	TREASURER	1.00	Officer Director	$0	$0	$0
BRENDA S HORN	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA JACKLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BROCH MARTINDALE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALI SYLVIA	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
2022	$-807,170	$137,531	No data	$-944,701
2021	$87,359	$123,471	$1,198,751	$-36,112
2020	$183,517	$193,234	$1,230,713	$-9,717
2018	$553,248	$193,125	$931,239	$360,123