NOVICK URBAN FARM (EIN 832314320) - 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

2019

Legal Domicile

Principal Officer

NANCY FREELAND

Phone

2154671012

Tax Period

2024-01-01 to 2024-12-31

NOVICK URBAN FARM, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $171K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

NOVICK URBAN FARM HOSTS EDUCATIONAL FIELD TRIPS FOR CHILDREN, OFFERS FARM APPRENTICESHIP AND EMPOWERMENT PROGRAM TO LOCAL COMMUNITY TEACHING SUSTAINABLE GROWING, PROPER FOOD HANDLING AND SALES TRACKING, AND DONATES OR SELLS ITS PRODUCE WITH PROCEEDS SUPPORTING URBAN FARM PROGRAMMING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $168,299

Program Service Revenue $0

Investment Income $0

Other Revenue $2,318

TOTAL REVENUE $170,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,686

Fundraising Expenses $0

Program Expenses $140,427

Other Expenses $67,737

TOTAL EXPENSES $166,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$170,617	$125,292	+0.4%
Expenses	$166,423	$185,763	-0.1%
Net Income	$4,194	$-60,471	-1.1%

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

N/A

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

$46,142

Total Directors

$91,672

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY HOBBY	PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCY FREELAND	TREASURER	1.00	Officer Director	$0	$0	$0
CLARA VARADI-TRUE	DIRECTOR OF OPERATIONS	40.00	Officer Director	$46,142	$0	$46,142
ERIN DORSEY	PROJECT MANAGER	40.00	Director	$45,215	$0	$45,215
MEGAN STORM	FARM MANAGER	0.00	Director	$315	$0	$315
DARA NHEM	BOOKKEEPER	1.00	Director	$0	$0	$0
CYNTHIA SYNDER	EXECUTIVE DIRECTOR	10.00	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
2024	$170,617	$166,423	$31,588	$4,194
2023	$125,292	$185,763	$27,502	$-60,471
2022	$188,104	$189,307	$87,973	$-1,203
2021	$156,893	$171,223	$105,033	$-14,330
2020	$175,908	$105,590	$93,706	$70,318
2019	$80,821	$72,333	$8,563	$8,488

NOVICK URBAN FARM