THE DREW FARMHOUSE INC (EIN 932701151) - 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

2023

Legal Domicile

Principal Officer

Ellen Harde

Phone

9786922039

Tax Period

2024-07-01 to 2025-06-30

THE DREW FARMHOUSE INC, founded in 2023, is a small nonprofit in the Housing & Shelter sector that reported $372K in total revenue in fiscal year 2024. Expenses of $533K exceeded revenue, resulting in a 43% operating deficit.

Mission

To undertake the planning, design development, construction, ownership and operation of a 5-unit workforce affordable housing development and to use the 1865 Drew Farmhouse for the proposed workforce affordable housing thereby preserving the historic exterior of the facade visible form the public way, and to coordinate with any public or private charitable or nonprofit corporation or organization or the Town of Westford in any way appropriate for achievement of these stated goals.

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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 $359,320

Program Service Revenue $0

Investment Income $0

Other Revenue $12,909

TOTAL REVENUE $372,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $532,601

Other Expenses $532,601

TOTAL EXPENSES $532,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,229	$369,660	+0.0%
Expenses	$532,601	$154,092	+2.5%
Net Income	$-160,372	$215,568	-1.7%

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
Ellen S Harde	President Board of Directors	10	Director	$0	$0	$0
Cheryl Major	Treasurer Board of Directors	5	Director	$0	$0	$0
Jan Houston Smith	Clerk, Board of Directors	5	Director	$0	$0	$0
Cherrice Latimore	Member, Board of Directors	2	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
2025	$372,229	$532,601	$1,234,874	$-160,372
2024	$369,660	$154,092	$1,275,807	$215,568

THE DREW FARMHOUSE INC