SANDHILLS AGINNOVATION CENTER INC (EIN 834500103) - 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

ED HUNT

Phone

9109928176

Tax Period

2024-03-01 to 2025-02-28

SANDHILLS AGINNOVATION CENTER INC, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $706K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $878K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE SANDHILLS AGINNOVATION CENTER WAS DEVELOPED TO SUPPORT BOTH BEGINNING AND ESTABLISHED HORTICULTURE CROP FARMERS INTERESTED IN LAUNCHING A NEW OPERATION, IMPROVE EXISTING CROP PRODUCTION OR TAP INTO NEW MARKETS.

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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 $66,416

Program Service Revenue $639,172

Investment Income $10

Other Revenue $10

TOTAL REVENUE $705,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,477

Fundraising Expenses $0

Program Expenses $870,506

Other Expenses $679,916

TOTAL EXPENSES $878,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$705,608	$519,390	+0.4%
Expenses	$878,393	$616,084	+0.4%
Net Income	$-172,785	$-96,694	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ELLIOT	DIRECTOR	0.00	Director	$0	$0	$0
DAVID CLARK	DIRECTOR	0.00	Director	$0	$0	$0
ED HUNT	CHAIRMAN	0.00	Officer	$0	$0	$0
DAVON GOODWIN	EXECUTIVE DIRECTOR	40.00	Key Emp	$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
2025	$705,608	$878,393	$317,593	$-172,785
2024	$519,390	$616,084	$491,923	$-96,694
2023	$796,843	$562,945	$591,593	$233,898
2022	$479,213	$303,587	$355,857	$175,626
2021	$486,397	$324,003	$179,639	$162,394
2020	$93,914	$78,312	$17,225	$15,602

SANDHILLS AGINNOVATION CENTER INC