10-7 FARMS

EIN: 861488551 501(c)(3)

Bowling Green, VA

Total Revenue
$374,946
Total Expenses
$226,516
Total Assets
$374,123
Net Assets
$250,744
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
Joanna Carter
Phone
8049129511
Tax Period
2025-01-01 to 2025-12-31

10-7 FARMS, founded in 2021, is a small nonprofit that reported $375K in total revenue in fiscal year 2025. The organization ran a surplus of $148K, a strong 40% operating margin.

Mission

To improve our community one family at a time profviding food, mental health and drug rehabilitation support.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $374,610
Program Service Revenue $0
Investment Income $336
Other Revenue $0
TOTAL REVENUE $374,946

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,110
Fundraising Expenses $0
Program Expenses $219,798
Other Expenses $87,406
TOTAL EXPENSES $226,516

Year-over-Year Comparison

2025 2024 Change
Revenue $374,946 N/A N/A
Expenses $226,516 N/A N/A
Net Income $148,430 N/A N/A
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
3
Independent Members
N/A
Employees
5
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
$105,830
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joanna Carter Chief Executive Officer 40.00
Officer Highest
$105,830 $0 $105,830
Clarence Johnson Chief Financial Officer 0.00
Officer
$0 $0 $0
Shannan Johnson Secretary 0.00
Officer
$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
2025 $374,946 $226,516 $374,123 $148,430
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