Farwide Conservation Inc

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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

Steve Donovan

Phone

6056954352

Tax Period

2023-01-01 to 2023-12-31

Farwide Conservation Inc, founded in 2021, is a small nonprofit in the Environment sector that reported $101K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 60% operating margin.

Mission

Farwide Conservation Inc. is dedicated to the conservation of fish and wildlife habitat and the promotion of outdoor recreational opportunities today and forever.

Program Service Accomplishments

Program 1

Expenses: $12,801

FarWide Conservation Trust, Inc. is a conservation organization dedicated to the conservation of fish and wildlife habitat and promotion of outdoor recreational opportunities. The three main focus...

FarWide Conservation Trust, Inc. is a conservation organization dedicated to the conservation of fish and wildlife habitat and promotion of outdoor recreational opportunities. The three main focus areas for conservation are: 1 conserving important wetlands and related habitats in the Prairie Pothole Region, primarily through a revolving habitat program, 2 addressing the issue of landlocked public lands, primarily through development of a land exchange program with public agencies, and 3 promoting the expansion of regenerative agricultural practices that conserve soil, enhance water quality, provide benefits to fish and wildlife, promote carbon sequestration that will help address the issue of climate change, and produce healthier foods for human consumption. FarWide Conservation Trust was organized and established in October 2021.

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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 $95,775

Program Service Revenue $5,570

Investment Income $0

Other Revenue $0

TOTAL REVENUE $101,345

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $0

Fundraising Expenses $16,695

Program Expenses $12,801

Other Expenses $32,641

TOTAL EXPENSES $40,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,345	$77,715	+0.3%
Expenses	$40,641	$30,233	+0.3%
Net Income	$60,704	$47,482	+0.3%

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
Steve Raymond	President	10.00	Officer Director	$0	$0	$0
Ron Stromstad	Secretary	5.00	Officer Director	$0	$0	$0
Steve Donovan	Executive Dir.	20.00	Officer Director	$0	$0	$0
Kelly McDowell	Treasurer	5.00	Officer Director	$0	$0	$0
Randy Kleager	Director	5.00	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
2025	No data	No data	No data	No data
2023	$101,345	$40,641	$158,186	$60,704
2022	$77,715	$30,233	$97,482	$47,482
2021	No data	No data	No data	No data