MIRACLE OF AGRICULTURE FOUNDATION

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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

2020

Legal Domicile

Principal Officer

DARREN HEDIN

Phone

8012333020

Tax Period

2023-11-01 to 2024-10-31

MIRACLE OF AGRICULTURE FOUNDATION, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $167K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $202K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE FOR FAMILIES IN NEED THROUGH THE DONATION OF GOODS PURCHASED FROM FARMERS AND THE AGRICULTURAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $5,400

DELIVERY OF PROTEIN PRODUCTS TO A FOOD BANK IN WASHINGTON COUNTY

Program 2

Expenses: $7,796

SPONSORED AN ICE CREAM SOCIAL TO RAISE MONEY FOR AN INJURED MEMBER OF THE UTAH FARM BUREAU FEDERATION.

Program 3

Expenses: $10,800

DELIVERY OF GOODS TO THE KENTUCKY FARM BUREAU AS PART OF THE ANNUAL CONVENTION BOXING OF FOOD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $166,718

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $166,734

Expense Breakdown

Grants Paid $53,396

Salaries & Benefits $87,418

Fundraising Expenses $16,496

Program Expenses $153,605

Other Expenses $61,670

TOTAL EXPENSES $202,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,734	$733,443	-0.8%
Expenses	$202,484	$437,767	-0.5%
Net Income	$-35,750	$295,676	-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

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

$358,250

Total Directors

$264,084

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM WAYMENT	DIRECTOR	2.00	Director	$0	$0	$0
TYSON ROBERTS	DIRECTOR	2.00	Director	$0	$0	$2,002
WAYNE JARRETT	DIRECTOR	2.00	Director	$0	$0	$0
STEVE HANBERG	DIRECTOR	2.00	Director	$0	$0	$2,401
WADE ELIASON	DIRECTOR	2.00	Officer Director	$0	$0	$0
JARED BUHLER	DIRECTOR	2.00	Director	$0	$0	$6,064
DOT JENSEN	DIRECTOR	2.00	Director	$0	$0	$2,693
RIGGIN HOLMGREN	DIRECTOR	2.00	Director	$0	$0	$0
SPENCER GIBBONS	CEO	1.00	Officer Director	$0	$0	$168,000
CHRIS CHAMBERS	DIRECTOR	2.50	Director	$0	$0	$2,924
SHERRIE TATE	DIRECTOR	2.50	Director	$0	$0	$0
TREVOR BARNSON	DIRECTOR	2.50	Director	$0	$0	$0
VALJAY RIGBY	PRESIDENT	20.00	Officer Director	$0	$0	$80,000
DARREN HEDIN	CFO	1.00	Officer	$0	$0	$110,250
CLAYTON BECKSTEAD	VP OF MIRACLE OF AGRICULTU	1.00	Highest	$0	$0	$105,200
WADE GARRETT	GOVERNMENT POLICIES	1.00	Highest	$0	$0	$137,541
AJ FERGUSON	SAFETY AND IT	1.00	Highest	$0	$0	$105,830
SUSAN FURNER	VP OF MARKETING	1.00	Highest	$0	$0	$102,827

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	$166,734	$202,484	$277,881	$-35,750
2023	$733,443	$437,767	$391,234	$295,676
2022	$185,395	$252,118	$127,178	$-66,723
2021	$1,100,791	$1,262,816	$60,478	$-162,025
2020	$1,403,154	$1,334,851	$111,468	$68,303