PHOENIX, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FARM TECH AMERICA INC, founded in 2021, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $458K in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $563K exceeded revenue, resulting in a 23% operating deficit.
FARM TECH AMERICA, INC.'S MISSION IS TO UPLIFT UNDERSERVED COMMUNITIES ACROSS THE PHILIPPINES BY SUPPORTING PARENTS, ENCOURAGING STUDENTS TO PURSUE EDUCATION, AND ENHANCING ACCESS TO QUALITY LEARNING TO HELP BREAK THE CYCLE OF POVERTY. THROUGH OUR BRIGHTBITE INITIATIVE, WE AIM TO EASE THE BURDEN ON PARENTS BY PROVIDING NUTRITIOUS MEALS FOR SCHOOL CHILDREN, ADDRESSING MALNUTRITION, RENOVATING SCHOOL BUILDINGS TO CREATE A MORE CONDUCIVE LEARNING ENVIRONMENT, AND OFFERING SCHOOL BUS SERVICES TO ENSURE EVERY CHILD HAS THE OPPORTUNITY TO RECEIVE THE EDUCATION THEY NEED FOR A BRIGHTER FUTURE.
FARM TECH AMERICA LAUNCHED THE BRIGHTBITE INITIATIVE IN SEPTEMBER 2024, SERVING 10,698 MEALS. THE PROGRAM ALSO PROVIDED EMPLOYMENT OPPORTUNITIES FOR 30 FAMILIES, CONTRIBUTING TO BOTH COMMUNITY...
FARM TECH AMERICA LAUNCHED THE BRIGHTBITE INITIATIVE IN SEPTEMBER 2024, SERVING 10,698 MEALS. THE PROGRAM ALSO PROVIDED EMPLOYMENT OPPORTUNITIES FOR 30 FAMILIES, CONTRIBUTING TO BOTH COMMUNITY NOURISHMENT AND ECONOMIC SUPPORT. IN ADDITION, WE HAVE HELPED INDIVIDUALS RESTORE THEIR VISION, IMPROVING THEIR QUALITY OF LIFE. WE CONTINUE TO PROVIDE A SCHOOL BUS SERVICE FOR THE CHILDREN OF CALANGO ELEMENTARY SCHOOL, ENSURING SAFE AND RELIABLE TRANSPORTATION TO AND FROM SCHOOL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $457,953 | $228,663 | +1.0% |
| Expenses | $563,046 | $92,363 | +5.1% |
| Net Income | $-105,093 | $136,300 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICHARD ANKROM | VICE PRESIDE | 0.25 |
Officer
|
$0 | $0 | $0 |
| BRADLEY M FRY | PRESIDENT | 40.00 |
Officer
|
$0 | $0 | $0 |
| LOGAN FRY | TREASURER | 0.25 |
Officer
|
$0 | $0 | $0 |
| DAVID KRUNGER | SECRETARY | 0.25 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $457,953 | $563,046 | $814,225 | $-105,093 |
| 2023 | $228,663 | $92,363 | $918,455 | $136,300 |
| 2022 | $1,180,600 | $405,757 | $774,843 | $774,843 |
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