FARMING FALMOUTH INC

EIN: 825301859 501(c)(3) Food, Agriculture & Nutrition

TEATICKET, MA

Total Revenue
$358,437
Total Expenses
$145,704
Total Assets
$292,359
Net Assets
$292,359
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MA
Principal Officer
LORRE-JO JOYCE
Phone
5085664619
Tax Period
2024-01-01 to 2024-12-31

FARMING FALMOUTH INC, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $358K in total revenue in fiscal year 2024. Revenue surged 271% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 59% operating margin.

Mission

FARMING FALMOUTH IS A YOUNG, FAST-GROWING ORGANIZATION THAT SUPPORTS LOCAL AGRICULTURE AND BELIEVES IN BRINGING PEOPLE CLOSER TO WHERE AND HOW THEIR FOOD IS GROWN. WITH SOME OF THE BEST SOILS ON CAPE COD, AND MILES OF WATERFRONT, OUR COASTAL TOWN HAS THE POTENTIAL TO PRODUCE A DIVERSITY OF FOOD AND SEAFOOD, AND DO IT IN THOUGHTFUL, FAIR AND SUSTAINABLE WAYS. THE MORE FOOD WE CAN GROW LOCALLY-- ON OUR FARMS, IN OUR BAYS AND ESTUARIES, IN SCHOOLS, COMMUNITY GARDENS AND BACKYARDS THE MORE WE CAN LIGHTEN OUR ENVIRONMENTAL FOOTPRINT AND WIDEN ACCESS TO FRESH FOOD THROUGHOUT THE COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $351,646
Program Service Revenue $6,734
Investment Income $1,409
Other Revenue $-1,352
TOTAL REVENUE $358,437

Expense Breakdown

Grants Paid $700
Salaries & Benefits $0
Fundraising Expenses $8,879
Program Expenses $134,214
Other Expenses $145,004
TOTAL EXPENSES $145,704

Year-over-Year Comparison

2024 2023 Change
Revenue $358,437 $96,687 +2.7%
Expenses $145,704 $58,014 +1.5%
Net Income $212,733 $38,673 +4.5%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
84

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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLIE COSTA PRESIDENT 25.00
Officer Director
$0 $0 $0
LORRE-JO JOYCE 10.00
Officer Director
$0 $0 $0
JENNIFER BUSSUM DIRECTOR 2.00
Director
$0 $0 $0
JIM HANCOX DIRECTOR 2.00
Director
$0 $0 $0
TYLER BARRON DIRECTOR 2.00
Director
$0 $0 $0
PATRICIA GADSBY DIRECTOR 2.00
Director
$0 $0 $0
KURT ACHIN DIRECTOR 2.00
Director
$0 $0 $0
SUSAN SHEPARD DIRECTOR 2.00
Director
$0 $0 $0
ANDREW BUCKINGHAM DIRECTOR 2.00
Director
$0 $0 $0
KIRSTI FRAZIER DIRECTOR 2.00
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 $358,437 $145,704 $292,359 $212,733
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