KING SOVEREIGN FARMS (EIN 841867869) - 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

Courtney King

Phone

8323156523

Tax Period

2021-01-01 to 2021-12-31

KING SOVEREIGN FARMS, founded in 2019, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $87K in total revenue in fiscal year 2021. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

King Sovereign Farms is a community fruit and vegetable farm located in Brazoria county, dedicated to feeding and educating our 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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $86,541

Program Service Revenue $223

Investment Income $0

Other Revenue $0

TOTAL REVENUE $86,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,200

Program Expenses $61,461

Other Expenses $92,036

TOTAL EXPENSES $92,036

Year-over-Year Comparison

	2021	2020	Change
Revenue	$86,764	$77,123	+0.1%
Expenses	$92,036	$60,901	+0.5%
Net Income	$-5,272	$16,222	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David King	President	50	Director	$0	$0	$0
Courtney King	Vice President	25	Director	$0	$0	$0
Sonia King	Secretary and Farm Manager	40	Director	$0	$0	$0
Sandra King	Treasurer and Director	25	Director	$0	$0	$0
Kristen Hauptli	Director	1	Director	$0	$0	$0
Keith Williamson	Director	1	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
2021	$86,764	$92,036	$15,011	$-5,272

KING SOVEREIGN FARMS