SOUTH SIDE FARMS (EIN 880976730) - 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

JIMMY WILFERTH

Tax Period

2024-01-01 to 2024-12-31

SOUTH SIDE FARMS, founded in 2021, is a small nonprofit in the Human Services sector that reported $624K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $253K, a strong 41% operating margin.

Mission

TO PROVIDE AND EQUIP AN UNDERSERVED AND UNDERPRIVILEGED POPULATION, LIVING IN A FEDERAL FOOD DESERT, WITH MANY OF THE NECESSARY ELEMENTS THAT MAKE UP THE SOCIAL DETERMINANTS OF HEALT. (FOOD, EDUCATION, HOUSING, CHILDCARE, SECURITY, HEALTHCARE, OUTDOOR SPACE). AN URBAN FARM WILL PROVIDE THE OPPORTUNITY FOR ACCESS TO HEALTHY FOOD IN AN AREA CURRENTLY WITH NO ACCESS. THIS WILL ALSO PROVIDE EDUCATIONAL OPPRTUNITIES TO TEACH LOCAL RESIDENTS HOW TO GROW, HARVEST AND PREPARE HEALTHY MEALS, IN ORDER TO MAINTAIN A HEALTHIER LIFESTYLE.

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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 $599,829

Program Service Revenue $2,557

Investment Income $21,260

Other Revenue $0

TOTAL REVENUE $623,646

Expense Breakdown

Grants Paid $53,103

Salaries & Benefits $192,456

Fundraising Expenses $0

Program Expenses $300,373

Other Expenses $124,829

TOTAL EXPENSES $370,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$623,646	$549,698	+0.1%
Expenses	$370,388	$219,802	+0.7%
Net Income	$253,258	$329,896	-0.2%

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

N/A

Employees

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WYKY JEAN	OPERATIONS DIR	40.00	Officer	$65,000	$0	$65,000
GREG STROUP	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
BYRON BONNER	BOARD MEMBER	1.00	Director	$0	$0	$0
LLOYD WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BIRD	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMY WILFERTH	President	10.00	Officer	$0	$0	$0
LYNN WARE	Secretary	1.00	Officer	$0	$0	$0
CALVIN BIRD	AMBASADOR	40.00		$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	$623,646	$370,388	$909,347	$253,258
2023	$549,698	$219,802	$409,867	$329,896

SOUTH SIDE FARMS