MIRACLE OF AGRICULTURE FOUNDATION

EIN: 851010363 501(c)(3) Philanthropy & Grantmaking

SANDY, UT

Total Revenue
$166,734
Total Expenses
$202,484
Total Assets
$277,881
Net Assets
$99,354
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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
UT
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.

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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 $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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
57

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
4
$358,250
Total Directors
13
$264,084
Key Employees
0
$0
Highest Compensated
4
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
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