AGCAREFIRST (EIN 824689191) - 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

PAUL SHERMAN

Phone

9197821705

Tax Period

2023-01-01 to 2023-12-31

AGCAREFIRST, founded in 2018, is a micro nonprofit that reported $2K in total revenue in fiscal year 2023. Expenses of $37K exceeded revenue, resulting in a 2092% operating deficit.

Mission

AGCAREFIRST TRUST PROVIDES HEALTH BENEFITS TO THE EMPLOYEES OF PARTICIPATING EMPLOYERS, ALL OF WHOM ARE ENGAGED IN THE AGRICULTURAL INDUSTRY IN THE STATES OF NORTH CAROLINA, SOUTH CAROLINA AND VIRGINIA AND ARE MEMBERS OF THE NORTH CAROLINA FARM BUREAU FEDERATION.

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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 $1,696

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $37,171

TOTAL EXPENSES $37,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,696	$-209,730	-1.0%
Expenses	$37,171	$417,621	-0.9%
Net Income	$-35,475	$-627,351	-0.9%

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	Role	Reportable Comp	Other Comp	Total
BRIAN GREENE	DIRECTOR	Director	$0	$0	$0
CHAD HARRIS	DIRECTOR	Director	$0	$0	$0
SHARI GARRETT	DIRECTOR	Director	$0	$0	$0
ELIZABETH FINEZ	DIRECTOR	Director	$0	$0	$0
PAUL SHERMAN	CHAIRMAN	Officer Director	$0	$0	$0
PHILLIP JACOB PARKER	DIRECTOR	Officer Director	$0	$0	$0
MATT CURRIN	TREASURER	Officer	$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
2023	$1,696	$37,171	No data	$-35,475
2022	$-209,730	$417,621	$5,007,217	$-627,351
2021	$20,386,807	$21,702,110	$6,154,619	$-1,315,303
2020	$21,622,264	$19,046,592	$8,007,100	$2,575,672

AGCAREFIRST