SOUTH OF THE SOUND COMMUNITY FARM LAND TRUST (EIN 911956115) - 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

1997

Legal Domicile

Principal Officer

RACHEL FRIEDMAN

Tax Period

2024-01-01 to 2024-12-31

SOUTH OF THE SOUND COMMUNITY FARM LAND TRUST, founded in 1997, is a small nonprofit in the Education sector that reported $236K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $216K left a modest 8% surplus.

Mission

PROTECT FARMLAND IN AND NEAR THURSTON COUNTY IN WASHINGTON STATE. ASSURE THAT FARMLAND REMAINS FARMED AND CONTINUES TO SUPPORT A VIABLE AGRICULTURAL ECONOMY THAT PROVIDES FOR LOCAL FOOD SECURITY AND HELP BUILD A COMMUNITY THAT APPRECIATES AND SUPPORTS LOCALLY PRODUCED, HEALTHY FOOD.

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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 $96,665

Program Service Revenue $65,856

Investment Income $14,240

Other Revenue $58,833

TOTAL REVENUE $235,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,726

Fundraising Expenses $67,999

Program Expenses $95,989

Other Expenses $109,119

TOTAL EXPENSES $215,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,594	$194,889	+0.2%
Expenses	$215,845	$186,263	+0.2%
Net Income	$19,749	$8,626	+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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN BARRICKLOW	BOARD MEMBER	N/A	Director	$0	$0	$0
RACHEL FRIEDMAN	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
PAT LABINE	CLERK	N/A	Officer Director	$0	$0	$0
ANDREW MOISEFF	BOAD MEMBER	N/A	Director	$0	$0	$0
TOBIAS SCHOFIELD	TREASURER	N/A	Officer Director	$0	$0	$0
JOE SHORIN	BOARD MEMBER	N/A	Director	$0	$0	$0
KATI THOMPSON	BOARD MEMBER	N/A	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	$235,594	$215,845	$1,406,884	$19,749
2023	$194,889	$186,263	$1,372,028	$8,626
2022	$229,382	$475,658	$1,344,096	$-246,276
2021	$280,225	$184,973	$1,597,960	$95,252
2020	$627,830	$206,565	$1,506,807	$421,265
2019	$152,688	$179,743	$1,081,411	$-27,055
2018	$122,086	$148,164	$1,094,093	$-26,078

SOUTH OF THE SOUND COMMUNITY FARM LAND TRUST