QUARRY FARM FOUNDATION INC (EIN 872976440) - 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

CARL HAYDEN

Phone

6077351941

Tax Period

2024-01-01 to 2024-12-31

QUARRY FARM FOUNDATION INC, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $203K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $335K exceeded revenue, resulting in a 65% operating deficit.

Mission

SUPPORT THE PRESERVATION AND MAINTENANCE OF QUARRY FARM, LOCATED IN ELMIRA, NEW YORK

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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 $186,295

Program Service Revenue $0

Investment Income $16,242

Other Revenue $0

TOTAL REVENUE $202,537

Expense Breakdown

Grants Paid $319,335

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $319,335

Other Expenses $15,288

TOTAL EXPENSES $334,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,537	$352,955	-0.4%
Expenses	$334,623	$252,254	+0.3%
Net Income	$-132,086	$100,701	-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
DAVID PENNOCK	CHAIR	4.00	Director	$0	$0	$0
CHARLES LINDSAY	VICE CHAIR	4.00	Director	$0	$0	$0
KATHERINE ROEHLKE	VICE PRESIDENT / TREASURER	4.00	Officer Director	$0	$0	$0
JOSEPH LEMAK	SECRETARY	4.00	Officer Director	$0	$0	$0
CARL HAYDEN	PRESIDENT	4.00	Officer Director	$0	$0	$0
PATRICIA IRELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT KERMES	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVIA PENNOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM WALLACE	BOARD MEMBER (1/1-7/1)	1.00	Director	$0	$0	$0
MIKE HERRICK	BOARD MEMBER (7/1-12/31)	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	$202,537	$334,623	$437,159	$-132,086
2023	$352,955	$252,254	$547,324	$100,701
2022	$427,263	$4,339	$426,424	$422,924

QUARRY FARM FOUNDATION INC