CLEMMONS FAMILY FARM INC

EIN: 842314023 501(c)(3) Arts, Culture & Humanities

CHARLOTTE, VT

Total Revenue
$1,934,049
Total Expenses
$697,795
Total Assets
$2,017,214
Net Assets
$1,828,360
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VT
Principal Officer
LYDIA CLEMMONS
Phone
7655605445
Tax Period
2023-01-01 to 2023-12-31

CLEMMONS FAMILY FARM INC, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 64% operating margin.

Mission

WE HONOR THE LEGACY OF JACKSON AND LYDIA CLEMMONS, AND ARE CENTERED AT AND STEWARD THEIR FAMILY FARM IN CHARLOTTE-- ONE OF THE RARE AFRICAN AMERICAN OWNED FARMS IN VERMONT. THE 148-ACRE WORKING FARM INCLUDES PRIME AGRICULTURAL LAND OF STATE IMPORTANCE, 60 ACRES OF OPEN SPACE, 60 ACRES OF FOREST AND WOODLANDS, AND 6 HISTORIC BUILDINGS. IT IS ONE OF THE 0.4% OF FARMS IN THE US THAT REMAIN AFRICAN AMERICAN OWNED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,882,886
Program Service Revenue $35,386
Investment Income $207
Other Revenue $15,570
TOTAL REVENUE $1,934,049

Expense Breakdown

Grants Paid $11,250
Salaries & Benefits $283,287
Fundraising Expenses $10,750
Program Expenses $468,905
Other Expenses $403,258
TOTAL EXPENSES $697,795

Year-over-Year Comparison

2023 2022 Change
Revenue $1,934,049 $754,405 +1.6%
Expenses $697,795 $472,255 +0.5%
Net Income $1,236,254 $282,150 +3.4%
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

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Governance

Voting Members
8
Independent Members
8
Employees
3
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
3
$140,000
Total Directors
8
$140,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYDIA CLEMMONS PRESIDENT & EXECUTIVE DIRE 60.00
Officer Director
$140,000 $0 $140,000
MARGARET BASS DIRECTOR 1.00
Director
$0 $0 $0
LESLIE MCCROREY WELLS DIRECTOR 1.00
Director
$0 $0 $0
DONNA SHERARD DIRECTOR 1.00
Director
$0 $0 $0
KAY JOHNSON DIRECTOR & TREASURER 8.00
Officer Director
$0 $0 $0
JAMES BENTIL DIRECTOR & SECRETARY 3.00
Officer Director
$0 $0 $0
ROBIN ANTHONY KOUYATE DIRECTOR 3.00
Director
$0 $0 $0
STEVEN BERBECO 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 No data No data No data No data
2023 $1,934,049 $697,795 $2,017,214 $1,236,254
2022 $754,405 $472,255 $612,184 $282,150
2021 $545,386 $442,219 $324,103 $103,167
2020 $498,087 $296,354 $237,607 $201,733
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