FIRST LADIES FARM (EIN 823921301) - 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

2018

Legal Domicile

Principal Officer

CHELSEA EDMONDS

Phone

8134779948

Tax Period

2022-01-01 to 2022-12-31

FIRST LADIES FARM, founded in 2018, is a small nonprofit in the Animal-Related sector that reported $308K in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

PROVIDE CARE AND SHELTER FOR ABANDONED, INJURED OR SICK ANIMALS, MOSTLY FARM RELATED.

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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 $314,291

Program Service Revenue $0

Investment Income $2

Other Revenue $-6,213

TOTAL REVENUE $308,080

Expense Breakdown

Grants Paid $1,837

Salaries & Benefits $68,328

Fundraising Expenses $34,110

Program Expenses $252,835

Other Expenses $229,975

TOTAL EXPENSES $300,140

Year-over-Year Comparison

	2022	2021	Change
Revenue	$308,080	$207,598	+0.5%
Expenses	$300,140	$190,825	+0.6%
Net Income	$7,940	$16,773	-0.5%

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

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

$52,805

Total Directors

$55,258

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELSEA EDMONDS	DIRECTOR, PRESIDENT	40.00	Officer Director	$27,605	$0	$27,605
CLAUDIA WHITE	DIRECTOR, VICE PRESIDENT	40.00	Officer Director	$25,200	$0	$25,200
BARB BALMENTI	DIRECTOR, SECRETARY, TREASURER	10.00	Officer Director	$0	$0	$0
GREGORY ROLLINS	DIRECTOR	20.00	Director	$2,453	$0	$2,453
SARAH SHELLMAN	DIRECTOR	5.00	Director	$0	$0	$0
BILL THOMAS	DIRECTOR	8.00	Director	$0	$0	$0
NANCY THOMAS	DIRECTOR	8.00	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	No data	No data	No data	No data
2022	$308,080	$300,140	$74,264	$7,940
2021	$207,598	$190,825	$66,324	$16,773

FIRST LADIES FARM