GOLDEN PRAIRIE HONEY FARMS CORPORA… - Form 990 Financial Data

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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

Principal Officer

GARY LAGRANGE

Phone

7855566799

Tax Period

2023-01-01 to 2023-12-31

GOLDEN PRAIRIE HONEY FARMS CORPORATION, founded in 2021, is a micro nonprofit in the Employment sector that reported $70K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $123K exceeded revenue, resulting in a 76% operating deficit.

Mission

PROVIDE THERAPY FOR A SIGNIFICANT NUMBER OF MEN AND WOMEN WHO SUFFER FROM VISIBLE AND INVISIBLE WOUNDS OF WAR. BEEKEEPING IS A PROVEN AID TO RECOVER FROM SUCH WOUNDS. CONTRIBUTE TO AMERICAN AGRICULURE BY DEVELOPING AND CONNECTING A NEEDED, MATURE, MOTIVATED, EDUCATED, AND ENGAGED WORKFORCE.

Program Service Accomplishments

Program 1

Expenses: $123,455 Revenue: $80,760

PROVIDE COUNSELING, BEEKEEPING, AND AGRICULTURE TRAINING PROGRAMS RUN BY ESTABLISHED PROFESSIONALS. VETERANS NOT ONLY DEVELOP EXPERTISE IN HONEY PRODUCTION BUT WILL LEARN THE BUSINESS OF BEEKEEPING AND HONEY PRODUCTION. HONOR MILITARY VETERANS THROUGH THE APPLICATION OF HONEST, STRICT, HIGH BUSINESS VALUES. SOURCE HONEY FROM U.S. BEEKEEPERS WHO PRODUCE CERTIFIED, LEGITIMATELY PURE HONEY. SOME OF THIS HONEY IS FROM VETERAN BEEKEEPERS. OTHER HONEY IS PRODUCED BY THE COUNTRY'S FINEST BEEKEEPERS. VALOR HONEY WILL BE CERTIFIED AND PACKED TO THE HIGHEST INDUSTRY STANDARDS. FORM AND EXECUTE A NATIONAL VETERANS ALLIANCE IN TRAINING AND HONEY PRODUCTION ENABLING A VALOR SITE TO BE ESTABLISHED IN EVERY STATE INCLUDING A HONEY PROCUREMENT SYSTEM AS PART OF OUR COMMERCIAL TRAINING PROGRAM.

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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 $17,348

Program Service Revenue $80,760

Investment Income $-28,137

Other Revenue $0

TOTAL REVENUE $69,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,455

Other Expenses $123,455

TOTAL EXPENSES $123,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,971	$115,757	-0.4%
Expenses	$123,455	$149,821	-0.2%
Net Income	$-53,484	$-34,064	+0.6%

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
GARY LAGRANGE	CHAIR	5.00	Officer Director	$0	$0	$0
GREG PLATT	DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRIS WILSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRIAN MCCORNACK	DIRECTOR	1.00	Officer Director	$0	$0	$0
AARON ESTABROOK	DIRECTOR	1.00	Officer Director	$0	$0	$0
NOAH SCHUTT	DIRECTOR	1.00	Officer Director	$0	$0	$0
MITCHELL WEINBERG	DIRECTOR	1.00	Officer 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	No data	No data	No data	No data
2023	$69,971	$123,455	$151,509	$-53,484
2022	$115,757	$149,821	$204,530	$-34,064
2021	$274,929	$37,815	$237,114	$237,114

GOLDEN PRAIRIE HONEY FARMS CORPORATION