Cape Elizabeth, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FARMS FOR FOOD EQUITY, founded in 2021, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $288K in total revenue in fiscal year 2024. Revenue surged 135% from the prior year, signaling strong growth momentum. Expenses of $260K left a modest 10% surplus.
Farms for Food Equity strives for a Maine free from hunger in which all Mainers are able to access and choose nutritious desirable and safe food especially farm fresh fruits vegetables and proteins. We seek to create greater profitability and stability for Maine farms. We serve farm businesses that seek to maximize their harvest by providing off grade off runs and first quality products to organizations that are working to solve hunger. We achieve our mission by acquiring funding for three purposes: first to purchase raw products from Maine farms and then distribute quality fresh pack or lightly processed foods through existing channels to sites for people to access food; second to support improving food distribution with dignity honor and respect for Mainers without access to quality fresh food; and finally to develop efficient processes for food harvesting processing and handling and provide training to develop skilled farming.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $288,406 | $122,703 | +1.4% |
| Expenses | $259,702 | $106,190 | +1.4% |
| Net Income | $28,704 | $16,513 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michael Wiley | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Augustus Bradley | Treasurer | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| Judy Adelman | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Anne Carney | Director | 2.00 |
Director
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$0 | $0 | $0 |
| John Naylor | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Kelin Welborn | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Lisha Wentworth | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Penelope Jordan | President | 10.00 |
Officer
Director
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$0 | $0 | $0 |
| Steven Culver | Secretary | 2.00 |
Director
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$0 | $0 | $0 |
| Kenneth Johnson | Vice President | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| Diane Schinella | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Lee Warner | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $288,406 | $259,702 | $67,160 | $28,704 |
Compare FARMS FOR FOOD EQUITY with other nonprofits in Maine and across the country.