ARMADA, MI
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)SILVER WOODS FARMS INC, founded in 2024, is a small nonprofit that reported $529K in total revenue in fiscal year 2024. The organization ran a surplus of $489K, a strong 93% operating margin.
THE PURPOSE OR PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE: A. OUR PURPOSE IS TO PROVIDE A RESOURCE FOR EDUCATION THAT VALUES OUR HERITAGE OF AGRICULTURE AND FARMING. WE DEMONSTRATE ANIMAL HUSBANDRY AND BEST FARM PRACTICES WITH EXPERIENTIAL LEARNING. OUR MISSION IS TO SHARE GOD'S INSTRUCTION TO BE GOOD STEWARDS OF THE LAND AND ANIMALS IN OUR CARE AS HIS CREATION. WE WANT TO HONOR HIM IN ALL WE DO. WE PROVIDE FIREARM INSTRUCTION AND TRAINING THAT ENCOURAGES SAFETY AND PREPAREDNESS, WITH RESPECT FOR THE RIGHTS GRANDED IN OUR 2ND AMENDMENT AS RESPONSIBLE CITIZENS. B. TO RECEIVE AND ADMINISTER FUNDS AND TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, OR COMPARABLE PROVISIONS OF SUBSEQUENT LEGISLATION (THE "CODE"), AND IN PARTICULAR THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE CODE. C. TO ACQUIR
AS THIS IS THE INITIAL ORGANIZATION YEAR, THE PROGRAM EXPENSES WERE ALL RELATED TO GETTING ESTABLISHED. THE EXPENSES RELATED TO LEGAL FEES WITH ESTABLISHING THE NOT-FOR-PROFIT ORGANIZATION...
AS THIS IS THE INITIAL ORGANIZATION YEAR, THE PROGRAM EXPENSES WERE ALL RELATED TO GETTING ESTABLISHED. THE EXPENSES RELATED TO LEGAL FEES WITH ESTABLISHING THE NOT-FOR-PROFIT ORGANIZATION, PURCHASING THE HORSES AND FARM EQUIPMENT, ALONG WITH CARE FOR THE HORSES, NECESSARY TO FULFILL THE MISSION. THEY HAVE ESTABLISHED THE FARM, ANIMALS, EQUIPMENT IN SUCH A WAY TO BRING IN GROUPS OF INDIVIDUALS TO LEARN MORE ABOUT THE HERITAGE OF AGRICULTURE AND FARMING, ANIMAL HUSBANDRY AND OTHER RELATED LEARNING OPPORTUNITIES. THESE GROUPS INCLUDE: SPECIAL NEEDS GROUPS, CHURCH GROUPS, DAYCARE GROUPS, SCOUT AND SCHOOL GROUPS, AND ANYONE IN THE PUBLIC INTERESTED IN LEARNING MORE. THE ORGANIZATION HAS EXTENDED OUTREACH INTO THE LOCAL COMMUNITIES BY THE DIRECTORS, TO MAKE THEIR NEW ORGANIZATION KNOWN AND THE OPPORTUNITIES AVAILABLE AT THEIR FARM. FUTURE GOALS INCLUDE FORMING A GROUP OF VOLUNTEERS, PREPARING A NEWSLETTER OF WHAT HAS BEEN ACCOMPLISHED AND FUTURE GOALS, CREATING A SOCIAL MEDIA AWARENESS, CREATING FUNDRAISING OPPORTUNITIES. THEY ALSO INCLUDE HAVING FUTURE EVENTS, INCLUDING THEMED WAGON RIDES THROUGH THE WOODS WITH PRESENTATIONS SHARING A MESSAGE; HOMESTEADING DAY; SUMMER CAMPS OF VARYING LENGTHS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $528,530 | N/A | N/A |
| Expenses | $39,384 | N/A | N/A |
| Net Income | $489,146 | N/A | N/A |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LORY GREATHOUSE | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| HEIDI NICHOLS | DIRECTOR/INC | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOEY NICHOLS | DIRECTOR/INC | 20.00 |
Director
|
$0 | $0 | $0 |
| GINGER TREVARROW | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $528,530 | $39,384 | $489,146 | $489,146 |
Compare SILVER WOODS FARMS INC with other nonprofits in Michigan and across the country.