FIRST FRUITS FARM FOUNDATION INC (EIN 853906313) - 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

2021

Legal Domicile

Principal Officer

RICHARD BERNSTEIN

Phone

4103432507

Tax Period

2024-01-01 to 2024-12-31

FIRST FRUITS FARM FOUNDATION INC, founded in 2021, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $406K in total revenue in fiscal year 2024. Revenue surged 179% from the prior year, signaling strong growth momentum. The organization ran a surplus of $405K, a strong 100% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS EXCLUSIVELY TO BENEFIT AND SUPPORT THE PROGRAMS AND ACTIVITIES OF AND TO SERVE AS THE FUNDRAISING ENTITY OF FIRST FRUITS FARM, INC., A TAX-EXEMPT MARYLAND CORPORATION FIRST FRUITS FARM.

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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 $295,751

Program Service Revenue $0

Investment Income $110,663

Other Revenue $0

TOTAL REVENUE $406,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,759

TOTAL EXPENSES $1,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,414	$145,805	+1.8%
Expenses	$1,759	$464,651	-1.0%
Net Income	$404,655	$-318,846	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK F CAVANAUGH	Chairman	1.00	Officer Director	$0	$0	$0
David M Churchill	Treasurer	1.00	Officer Director	$0	$0	$0
William J Baird III	Director	1.00	Director	$0	$0	$0
Richard M Bernstein	Director	1.00	Director	$0	$0	$0
Jim Sellinger Sr	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	$406,414	$1,759	$3,190,167	$404,655
2023	$145,805	$464,651	$2,763,352	$-318,846
2022	$1,359,100	$800,108	$3,181,055	$558,992

FIRST FRUITS FARM FOUNDATION INC