CHESTER AGRICULTURAL CENTER INC

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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

SARA KATZ

Phone

2032400563

Tax Period

2023-01-01 to 2023-12-31

CHESTER AGRICULTURAL CENTER INC, founded in 2018, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $955K, a strong 66% operating margin.

Mission

TO PROMOTE AN EQUITABLE AND INCLUSIVE REGIONAL FOOD SYSTEM BY HELPING TO FOSTER AN ENVIRONMENT WHERE LAND IS AFFORDABLE TO DIVERSE, ASPIRING FARMERS AND THEREBY MAKING FOOD ACCESSIBLE TO ALL.

Program Service Accomplishments

Program 1

Expenses: $96,221

THE CHESTER AGRICULTURAL CENTER INC ASSISTS BEGINNING-LEVEL AND MINORITY FARMERS BY PROVIDING THEM LOW COST LEASES OF AGRICULTURAL REAL ESTATE THROUGH A PROGRAM SPONSORED BY THE ORGANIZATION. DURING THE YEAR, 7 FARM BUSINESSES WERE ASSISTED BY THE ORGANIZATION. IN ADDITION, THE ORGANIZATION UNDERTOOK A FEASIBILITY STUDY TO BUILD AFFORDABLE HOUSING TO ASSIST THE CURRENT FARM BUSINESS OWNERS AND THEIR EMPLOYEES.

Program 2

Expenses: $197,617 Revenue: $-250,067

THE ORGANIZATION OPERATES TWO RETAIL FARM GROCERY STORES. BOTH SELL CROPS AND OTHER PRODUCE PRODUCED BY ITS OWN TENANT FARMERS AS WELL AS OTHER LOCAL FARMS. SALES ARE MADE USING A MULTI-TIER PRICE...

THE ORGANIZATION OPERATES TWO RETAIL FARM GROCERY STORES. BOTH SELL CROPS AND OTHER PRODUCE PRODUCED BY ITS OWN TENANT FARMERS AS WELL AS OTHER LOCAL FARMS. SALES ARE MADE USING A MULTI-TIER PRICE MODEL IN ORDER TO ASSIST LOW INCOME FAMILIES BY OFFERING THEM PRODUCE AT LOWER PRICES. BOTH STORES AIM TO PROMOTE RACIAL AND ECONOMIC JUSTICE IN THE FOOD SYSTEM AS WELL AS ADDRESS FOOD INSECURITY AND HELP BUILD FOOD SOVEREIGNITY. DURING THE YEAR, OVER 1,000 INDIVIDUALS/FAMILIES WERE SERVED OF WHICH MORE THAN 50% WERE EITHER SEVERELY INCOME CONSTRAINED OR FACING SUBSTANTIAL FINANCIAL HARDSHIP.

Program 3

Expenses: $10,444 Revenue: $37,500

THE ORGANIZATION IS A FISCAL SPONSOR FOR IMA-THE INSTITUTE OF MINDFUL AGRICULTURE, WHOSE MISSION IS TO CONNECT FOOD, FARMING AND COMMUNITIES TO A HEALTHY FUTURE. THE PROGRAM INCLUDES COLLABORATIVE...

THE ORGANIZATION IS A FISCAL SPONSOR FOR IMA-THE INSTITUTE OF MINDFUL AGRICULTURE, WHOSE MISSION IS TO CONNECT FOOD, FARMING AND COMMUNITIES TO A HEALTHY FUTURE. THE PROGRAM INCLUDES COLLABORATIVE EFFORTS THAT ENCOURAGE AND PROMOTE REGENERATIVE AGRICULTURE, FOOD SOVEREIGNTY, AND SPIRITUAL ECOLOGY.

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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 $1,705,144

Program Service Revenue $-11,557

Investment Income $86

Other Revenue $-250,067

TOTAL REVENUE $1,443,606

Expense Breakdown

Grants Paid $7,613

Salaries & Benefits $188,990

Fundraising Expenses $26,157

Program Expenses $304,282

Other Expenses $292,129

TOTAL EXPENSES $488,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,443,606	$2,117,733	-0.3%
Expenses	$488,732	$520,358	-0.1%
Net Income	$954,874	$1,597,375	-0.4%

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

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

$97,268

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEATRICE STERN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JIM DELAUNE	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN WASHINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
GABRIELA PEREYRA	BOARD MEMBER	1.00	Director	$0	$0	$0
LUCINDA POINDEXTER	EXECUTIVE DIRECTOR	40.00	Officer	$83,730	$0	$83,730
SARA KATZ	EXECUTIVE DIRECTOR	40.00	Officer	$13,538	$0	$13,538

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	$1,443,606	$488,732	$3,917,151	$954,874
2022	$2,068,983	$471,608	$2,866,152	$1,597,375
2022	$1,918,730	$613,939	$1,538,645	$1,304,791
2021	$410,774	$564,710	$249,018	$-153,936