Quick charity verification for Turner Farm Inc (EIN: 204055573)
Verdict: Turner Farm Inc appears trustworthy
75/100Mission Score
$2.8MRevenue
$385KAssets
3Red Flags
3Strengths
Red Flags
Significant increase in liabilities from $18,103 in 202212 to $1,580,371 in 202312.
Substantial decrease in assets from $963,896 in 202212 to $275,377 in 202312.
Expenses ($1,471,656) exceeded revenue ($1,412,035) in the latest fiscal period (202312), indicating a deficit.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency and dedication to mission.
Generally stable revenue generation over the past decade, with revenues often exceeding expenses in prior years.
Long operational history with 10 filings, suggesting established presence and experience.
Spending Breakdown
How Turner Farm Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Turner Farm Inc
Is Turner Farm Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Turner Farm Inc (EIN: 204055573) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Turner Farm Inc a good charity to donate to?
Turner Farm Inc has a Mission Score of 75/100. Revenue: $2.8M. Assets: $385K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Turner Farm Inc?
The Employer Identification Number (EIN) for Turner Farm Inc is 204055573. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Turner Farm Inc spend its money?
Turner Farm Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Turner Farm Inc's tax-exempt status?
You can verify Turner Farm Inc's tax-exempt status using EIN 204055573 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Turner Farm Inc. demonstrates a consistent operational history with revenues generally exceeding expenses in most recent years, indicating a stable financial footing. However, the latest filing (202312) shows expenses of $1,471,656 exceeding revenue of $1,412,035, resulting in a deficit for that period. A significant concern arises from the substantial increase in liabilities in 202312 to $1,580,371, a dramatic jump from $18,103 in 202212, which warrants further investigation into the nature of these new obligations. Despite this, the organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries.
The organization's asset base has fluctuated, with a notable decrease from $963,896 in 202212 to $275,377 in 202312, coinciding with the rise in liabilities. This shift in the balance sheet suggests potential financial restructuring or significant capital expenditures that may have been financed through debt. While the NTEE code B99 (Agriculture, Food & Nutrition - Other) suggests a program-focused mission, without detailed expense breakdowns from the 990s, it's challenging to precisely assess spending efficiency between programs, administration, and fundraising. However, the absence of officer compensation is a positive sign regarding resource allocation.
Overall, Turner Farm Inc. appears to be a transparent organization regarding executive pay, but the recent financial statements, particularly the 202312 filing, present a mixed picture. The substantial increase in liabilities and decrease in assets in the latest period are significant financial events that could impact its long-term stability and warrant closer scrutiny. The organization's ability to manage these new liabilities and restore its asset base will be crucial for its future financial health.