Groundswell Center for Local Food … - Form 990 Financial Data

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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

Juliana Quaresma

Tax Period

2023-01-01 to 2023-12-31

Groundswell Center for Local Food and Farming Inc, founded in 2018, is a small nonprofit that reported $172K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $209K exceeded revenue, resulting in a 21% operating deficit.

Mission

GROUNDSWELL EMPOWERS PEOPLE FORM DIVERSE BACKGROUNDS WITH SKILLS, KNOWLEDGE, AND ACCESS TO RESOURCES SO WE CAN WORK TOGETHER TO BUILD A MORE JUST, SUSTAINABLE FOOD SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $135,899

THE FARM BUSINESS PLANNING COURSE AND TECHNICAL ASSISTANCE HELPS NEW FARMERS SET GOALS, FIND MARKETS AND PLAN FOR PROFIT. THE INCUBATOR FARM PROGRAM MAKES IT EASIER TO START FARMING BY SUPPLYING...

THE FARM BUSINESS PLANNING COURSE AND TECHNICAL ASSISTANCE HELPS NEW FARMERS SET GOALS, FIND MARKETS AND PLAN FOR PROFIT. THE INCUBATOR FARM PROGRAM MAKES IT EASIER TO START FARMING BY SUPPLYING EQUIPMENT, TRAINING, RESOURCES AND LAND JUST THREE MILES FROM ITHACA. THE HANDS-ON WORKSHOPS HIGHLIGHT TECHNIQUES THAT IMPROVE SOIL HEALTH, CONSERVE WATER AND PROMOTE LAND REGENERATION. THROUGH THE FARMING FOR JUSTICE GROUP AND COMMUNITY EVENTS, WE PARTNER WITH ORGANIZATIONS LED BY PEOPLE OF COLOR TO ADDRESS INJUSTICES IN THE FOOD SYSTEM.

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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 $170,337

Program Service Revenue $110

Investment Income $91

Other Revenue $1,521

TOTAL REVENUE $172,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,120

Fundraising Expenses $30,749

Program Expenses $135,899

Other Expenses $60,392

TOTAL EXPENSES $208,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,059	$489,159	-0.6%
Expenses	$208,703	$507,306	-0.6%
Net Income	$-36,644	$-18,147	+1.0%

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

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

$62,563

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Juliana Quaresma	Executive Director	40.00	Officer Highest	$62,563	$0	$62,563
Peter Bardaglio	Director	5.00	Director	$0	$0	$0
Marcus Coleman	Director	2.00	Director	$0	$0	$0
Diane Hamilton	Secretary	5.00	Officer Director	$0	$0	$0
Patrice Lockert-Anthony	Co-Chair	5.00	Officer Director	$0	$0	$0
Todd McClain	Co-Chair	5.00	Officer Director	$0	$0	$0
Rachel Bezner-Kerr	Treasurer	5.00	Officer 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
2023	$172,059	$208,703	$151,852	$-36,644
2022	$489,159	$507,306	$197,830	$-18,147
2022	$488,666	$494,934	$223,293	$-6,268
2021	$472,349	$469,787	$220,682	$2,562
2020	$421,608	$383,511	$218,831	$38,097
2019	$371,583	$346,761	$75,813	$24,822

Groundswell Center for Local Food and Farming Inc