Corner Farms Forsyth Inc (EIN 921387001) - 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

2022

Legal Domicile

Principal Officer

JEFF MOGAN

Phone

7703552577

Tax Period

2024-01-01 to 2024-12-31

Corner Farms Forsyth Inc, founded in 2022, is a small nonprofit in the Human Services sector that reported $299K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $61K, a strong 20% operating margin.

Mission

CORNER FARMS IS DEDICATED TO HELPING FAMILIES OVERCOME SOME OF LIFE'S TOUGHEST CHALLENGES, BY WORKING WITH TEENS TO REACH GOALS AND OVERCOME RELATIONSHIP CHALLENGES.

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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 $299,096

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $299,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,843

Fundraising Expenses $0

Program Expenses $238,233

Other Expenses $142,390

TOTAL EXPENSES $238,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,096	$336,000	-0.1%
Expenses	$238,233	$189,336	+0.3%
Net Income	$60,863	$146,664	-0.6%

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
ADAM RHODES	President	2.00	Officer Director	$0	$0	$0
JANICE DAVIS	Vice President	2.00	Officer Director	$0	$0	$0
KURT ARSENEAU	Treasurer	2.00	Officer Director	$0	$0	$0
THOMAS HUNZE	Director	2.00	Officer Director	$0	$0	$0
ROBERT SMITH	Director	2.00	Officer Director	$0	$0	$0
NICK GARDNER	CEO	2.00	Officer Director	$0	$0	$0
Dr MIchael Hogan	Director	2.00	Director	$0	$0	$0
WILL SESSA	Director	2.00	Director	$0	$0	$0
TOM BURGESS	Director	2.00	Director	$0	$0	$0
JEFF MOGAN	Director	10.00	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
2024	$299,096	$238,233	$104,060	$60,863
2023	$336,000	$189,336	$146,664	$146,664

Corner Farms Forsyth Inc