TACOMA FARMERS MARKET

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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

1990

Legal Domicile

Principal Officer

Britt McGrath

Phone

2532727077

Tax Period

2023-01-01 to 2023-12-31

TACOMA FARMERS MARKET, founded in 1990, is a small nonprofit in the Human Services sector that reported $250K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $362K exceeded revenue, resulting in a 45% operating deficit.

Mission

The mission of the Tacoma Farmers Market is to provide a sustainable market venue where local farms and small businesses can connect directly with consumers and the community. In doing so, our three markets support our vision of: preserving local farms and farmland, strengthening our local economy, building small businesses, providing access to healthy food for all residents, and creating vibrant spaces for community engagement.

Program Service Accomplishments

Program 1

Expenses: $172,458 Revenue: $132,480

TFM Traditional Markets run 4 days a week from May-September and include 4 Tacoma locations: Downtown Broadway, Eastside, Point Ruston and Multicare in Hilltop. These markets support WIC, EBT, PEBT, and SNAP programs for families and individuals qualifying for assistance. To qualify as a Farmers Market through the WFMA, as well as accept WIC, we must commit to hosting 5 farmers per market with a certain percentage of revenue going to our farm vendors. Our commitment to qualifying as a farmers market solidifies our goals to increase access to fresh and local produce. These markets also provide a space for local farmers and businesses to direct sell to customers and to build a customer base.

Program 2

Expenses: $93,614 Revenue: $46,112

The Fresh Express Mobile Market is a year round mobile market that travels to 8 different locations throughout Pierce County. This market brings fresh and local produce, bread, eggs, and other items to customers who may have transportation or other mobility restrictions. This programs partners with community organizations to pin point locations with limited food access as well as with local farmers to purchase directly and sell to consumers. FEM accepts EBT, SNAP and PEBT as well as other forms of payment assistance.

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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 $163,146

Program Service Revenue $66,379

Investment Income $1,543

Other Revenue $18,692

TOTAL REVENUE $249,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,623

Fundraising Expenses $32,694

Program Expenses $266,072

Other Expenses $117,868

TOTAL EXPENSES $362,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,760	$525,579	-0.5%
Expenses	$362,491	$504,351	-0.3%
Net Income	$-112,731	$21,228	-6.3%

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

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
JASON GAUTHIER	Secretary	10.00	Officer Director	$0	$0	$0
LYNNETTE BUFFINGTON	BOARD MEMBER	10.00	Director	$0	$0	$0
KAMAL SIDHU	BOARD MEMBER	10.00	Director	$0	$0	$0
MICHAEL SCHOLZEN	Treasurer	10.00	Officer Director	$0	$0	$0
ALANNA ROGERS	President	10.00	Officer Director	$0	$0	$0
ALISA O'HANLON REGALA	Vice President	10.00	Officer Director	$0	$0	$0
SARAH BRECKON	BOARD MEMBER	10.00	Director	$0	$0	$0
HANNAH KIM	BOARD MEMBER	10.00	Director	$0	$0	$0
AASHIYANA KOREISHI	BOARD MEMBER	10.00	Director	$0	$0	$0
RENEE MESCHI	BOARD MEMBER	10.00	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	No data	No data	No data	No data
2023	$249,760	$362,491	$228,242	$-112,731
2022	$525,579	$504,351	$342,571	$21,228
2021	$703,417	$521,656	$338,202	$181,761
2020	$587,048	$531,183	$167,890	$55,865
2019	$247,762	$252,141	$76,775	$-4,379
2018	$257,872	$263,711	$82,032	$-5,839