FARM TECH AMERICA INC

EIN: 871420834 501(c)(3) Food, Agriculture & Nutrition

PHOENIX, AZ

Total Revenue
$457,953
Total Expenses
$563,046
Total Assets
$814,225
Net Assets
$814,225
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
AZ
Principal Officer
BRADLEY M FRY
Phone
6026542179
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

FARM TECH AMERICA, INC. PRIMARY MISSION WAS TO LOCATE AT RISK STUDENTS IN THE PHILIPPINES WHOSE PARENTS DESIRE THEY QUIT SCHOOL AND WORK TO SUPPORT THEIR FAMILY. THEN PROVIDE THAT STUDENT WITH A PAID COLLEGE SCHOLARSHIP. UPON FURTHER INVESTIGATION WITHIN THE PHILIPPINES, IT WAS DISCOVERED THE EDUCATIONAL PROBLEMS WERE PRIMARILY WITHIN THE OUTER LYING AREAS KNOW AS BARANGAY/COUNTIES. WITHIN THESE POVERTY-STRICKEN AREAS. CHILDREN SUFFER FROM MALNUTRITION AND OFTEN HELD FROM SCHOOL BY THEIR PARENTS TO CARE FOR THEIR YOUNGER SIBLINGS SO BOTH MOTHER AND FATHER CAN WORK IN THE FIELDS. PROVIDING THESE CHILDREN WITH A HOLISM LUNCH AT SCHOOL OTHER THAN THE SMALL AMOUNT OF SALT AND RICE THEY BRING WITH THEM, WILL ENCOURAGE PARENTS TO GET THEIR CHILDREN TO SCHOOL. SO, OUR MISSION HAS CHANGED. FEEDING THESE CHILDREN NUTRITIOUS MEALS, PURCHASING LOCAL FOOD TO DO SO AND CREATING JOBS WILL BEST HELP THESE CHILDREN AND THE COMMUNITY THEY LIVE IN. IN ADDITION, THIS PROGRAM WILL IMPROVE THE HEALTH AND E

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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 (2024)

Revenue Breakdown

Contributions & Grants $443,405
Program Service Revenue $0
Investment Income $14,548
Other Revenue $0
TOTAL REVENUE $457,953

Expense Breakdown

Grants Paid $545,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $555,533
Other Expenses $18,046
TOTAL EXPENSES $563,046

Year-over-Year Comparison

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%
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

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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
4
Independent Members
4
Employees
N/A
Volunteers
1

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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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