Native Agriculture Financial Services

EIN: 921718542 501(c)(3) Community Improvement

Fayetteville, AR

Total Revenue
$1,430,615
Total Expenses
$1,874,578
Total Assets
$12,782,884
Net Assets
$11,248,381
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
ND
Phone
4794457997
Tax Period
2024-01-01 to 2024-12-31

Native Agriculture Financial Services, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 31% operating deficit.

Mission

To serve the capital access and educational needs of farmers and ranchers, and other food and agriculture-related entities, among Native American communities.

Program Service Accomplishments

Program 1
Expenses: $568,900

NAFS will provide capital access and related services to support and promote Native American's continued engagement in agriculture and enhance their involvement in activities that further...

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NAFS will provide capital access and related services to support and promote Native American's continued engagement in agriculture and enhance their involvement in activities that further intergenerational sustainability of Native communities. NAFS will also enhance philanthropic efforts that support capital access and will engage with others focused on encouraging food security and agriculture in Native communities. b. This activity will be carried out by the employees and leadership of NAFS, their consultants, and their partner and collaborative organizations. c. NAFS will serve the agriculture sector of what is known as Indian Country, which spans across all states of the United States. According to the most recent Census of Agriculture, there are at least 80,000 plus Native farmers and ranchers, fishers and silviculturists in some of the most remote communities in rural America. d. 75 percent of the NAFS's time is focused on capital access and fundraising to secure capital for to support Native agriculture. e. All NAFS' activities will be funded through donations, grants, and agreements for services, and 75 percent of NAFS's overall expenses are allocated to this activity. f. This activity furthers NAFS's charitable exempt purposes by promoting social welfare, in that it provides capital access at low interest rates to persons who have not and do not have access to traditional means of capital, and more broadly eliminates prejudice and discrimination and combats community deterioration.

Program 2
Expenses: $189,633

NAFS will provide, at nominal or no cost to the participant, educational training and technical assistance focusing on business planning, financial and risk management in agriculture production...

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NAFS will provide, at nominal or no cost to the participant, educational training and technical assistance focusing on business planning, financial and risk management in agriculture production, financial literacy, and related topics which form the basis for achieving sustainable farming and ranching, including the work of fishers and silviculturists, within Native communities. b. This activity will be carried out by the employees and leadership of NAFS, their consultants, and their partner and collaborative organizations. c. NAFS will serve the agriculture sector of what is known as Indian Country, which spans across all states of the United States. d. 25 percent of the NAFS's time is devoted to this activity. e. All NAFS' activities will be funded through donations, grants, and agreements for services, and 25 percent of NAFS's overall expenses are allocated to this activity. f. This activity furthers NAFS's educational exempt purposes by providing educational services on agriculture production, financial literacy, and related topics which form the basis for achieving sustainable farming and ranching, including the work of fishers and silviculturists, within Native communities, to the public.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $946,875
Program Service Revenue $0
Investment Income $483,740
Other Revenue $0
TOTAL REVENUE $1,430,615

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,224,264
Fundraising Expenses $190,139
Program Expenses $758,533
Other Expenses $650,314
TOTAL EXPENSES $1,874,578

Year-over-Year Comparison

2024 2023 Change
Revenue $1,430,615 $12,158,628 -0.9%
Expenses $1,874,578 $466,284 +3.0%
Net Income $-443,963 $11,692,344 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
6
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
6
$888,626
Total Directors
5
$638,809
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Rawls Treasurer 10.0
Officer Director
$21,750 $0 $21,750
Edwin Moore Board Chair 10.0
Officer Director
$21,750 $0 $21,750
Gary Matteson Secretary 10.0
Officer Director
$21,750 $0 $21,750
Janie Hipp PRESIDENT/CEO 10.0
Officer Director
$422,500 $15,184 $437,684
Tomie Peterson PRESIDENT END: 3/24; CHIEF LENDING OFFICER 10.0
Officer Director
$130,058 $5,817 $135,875
Sandra Martini VP/COO 10.0
Officer
$244,000 $5,817 $249,817
Ridge Howell Legal Counsel 10.0
Highest
$141,123 $5,817 $146,940
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 $1,430,615 $1,874,578 $12,782,884 $-443,963
2023 $12,158,628 $466,284 $12,337,174 $11,692,344
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