THE FARM MINISTRY INC

EIN: 873266067 501(c)(3) Human Services

DAYTON, VA

Total Revenue
$831,275
Total Expenses
$838,069
Total Assets
$113,124
Net Assets
$113,124
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
NORMAN WENGER
Phone
5404762189
Tax Period
2024-01-01 to 2024-12-31

THE FARM MINISTRY INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $213K in total revenue in fiscal year 2022. The organization ran a surplus of $87K, a strong 41% operating margin.

Mission

TO PROVIDE FOR THE DONATION OF FOOD TO FOOD PANTRIES AND OTHER ORGANIZATIONS THAT PROVIDE FOOD TO PERSONS IN NEED, AND DIRECTLY TO PERSONS IN NEED.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $831,275
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $831,275

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $834,969
Other Expenses $838,069
TOTAL EXPENSES $838,069

Year-over-Year Comparison

2024 2023 Change
Revenue $831,275 $149,844 +4.5%
Expenses $838,069 $127,984 +5.5%
Net Income $-6,794 $21,860 -1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH L TURNER PRESIDENT & EXECUTIVE DIRE 12.00
Officer Director
$0 $0 $0
TERESA CALLENDER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
NORMAN WENGER TREASURER 4.00
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
2025 No data No data No data No data
2024 $831,275 $838,069 $113,124 $-6,794
2023 $149,844 $127,984 $119,918 $21,860
2022 $212,709 $125,809 $98,058 $86,900
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