Simple Promise Farms (EIN 842236481) - 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

Brandon Guinn

Phone

5127295664

Tax Period

2024-01-01 to 2024-12-31

Simple Promise Farms, founded in 2019, is a small nonprofit in the Mental Health sector that reported $360K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

Cultivating hope, community, and meaningful work for those battling addiction, allowing them to transform their lives and build healthy relationships

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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 $360,266

Program Service Revenue $0

Investment Income $90

Other Revenue $0

TOTAL REVENUE $360,356

Expense Breakdown

Grants Paid $4,996

Salaries & Benefits $247,693

Fundraising Expenses $12,611

Program Expenses $277,017

Other Expenses $110,977

TOTAL EXPENSES $363,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$360,356	$379,783	-0.1%
Expenses	$363,666	$325,007	+0.1%
Net Income	$-3,310	$54,776	-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

Employees

Volunteers

250

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

$35,000

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brandon Guinn	Executive Dir.	40.00	Officer Director	$35,000	$0	$35,000
Kevin Sease	Director/Farm Manager	0.00		$16,478	$0	$16,478
Derek Rowan	President	1.00	Officer Director	$0	$0	$0
Michele Martin	Director	1.00	Director	$0	$0	$0
Chuck Mitchell	Director	1.00	Director	$0	$0	$0
Rachel Wulbert	Director	1.00	Director	$0	$0	$0
Matt Miranda	Director	1.00	Director	$0	$0	$0
Brent Eastman	Treasurer	1.00	Officer Director	$0	$0	$0
David Golden	Director	1.00	Director	$0	$0	$0
Shannon Hughes	Director	1.00	Director	$0	$0	$0
Tommy Lee	Director	1.00	Director	$0	$0	$0
Tommy Saldivar	Director	1.00	Director	$0	$0	$0
Mike Sammons	Director	1.00	Director	$0	$0	$0
David Bassett	Director	1.00	Director	$0	$0	$0
Lawrence Spain	Director	1.00	Director	$0	$0	$0
Angela Strickland	Director	1.00	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	$360,356	$363,666	$186,530	$-3,310
2023	$379,783	$325,007	$193,082	$54,776
2022	$311,190	$261,238	$157,799	$49,952

Simple Promise Farms