Turner Farm Inc
Turner Farm Inc. reports significant increase in liabilities and decrease in assets in latest fiscal year.
EIN: 204055573 · Cincinnati, OH · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| Net Assets | $-1,304,994 |
| Transparency Score | 75/100 |
Is Turner Farm Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turner Farm Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Turner Farm Inc
Turner Farm Inc (EIN: 204055573) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code B99. The organization reported total revenue of $2.8M and total assets of $385K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turner Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turner Farm Inc is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-59,621 |
| Total Assets | $275K |
| Total Liabilities | $1.6M |
| Net Assets | $-1,304,994 |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 573.9% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2023, Turner Farm Inc reported a deficit of $60K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 573.9% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Turner Farm Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | +14.0% | -71.4% |
| 2022 | +40.5% | +16.9% | +8.6% |
| 2021 | -17.2% | +0.7% | -11.9% |
| 2020 | +1.4% | -2.7% | +8.6% |
| 2019 | +43.1% | +19.4% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Turner Farm Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Turner Farm Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 573.9%.
Executive Compensation Analysis
Turner Farm Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Turner Farm Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Turner Farm Inc:
- 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.
Frequently Asked Questions about Turner Farm Inc
Is Turner Farm Inc a legitimate charity?
Turner Farm Inc (EIN: 204055573) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.8M. 3 red flags identified. 3 strengths noted. Financial health grade: D.
How does Turner Farm Inc spend its money?
Turner Farm Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Turner Farm Inc tax-deductible?
Turner Farm Inc is registered as a tax-exempt nonprofit (EIN: 204055573). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Turner Farm Inc's spending goes to programs?
Turner Farm Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Turner Farm Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Turner Farm Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Turner Farm Inc located?
Turner Farm Inc is headquartered in Cincinnati, Ohio and files with the IRS under EIN 204055573. It is classified under NTEE code B99.
How many years of IRS 990 filings does Turner Farm Inc have?
Turner Farm Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
What caused the dramatic increase in liabilities to $1,580,371 in 202312 from $18,103 in 202212?
The IRS 990 data does not provide specific details on the nature of these liabilities, but such a significant increase warrants further investigation into the organization's financial activities, such as new loans or deferred revenue.
Why did assets decrease from $963,896 in 202212 to $275,377 in 202312?
The substantial decrease in assets, coupled with the rise in liabilities, suggests potential asset sales, depreciation, or the use of assets to cover operational costs or debt, which is not detailed in the provided summary.
Is Turner Farm Inc. financially stable given the recent deficit and balance sheet changes?
While the organization has historically been stable, the 202312 filing shows expenses exceeding revenue and a significant shift in its balance sheet, raising questions about its immediate financial stability and ability to manage new obligations.
How does Turner Farm Inc. fund its operations without officer compensation?
The absence of officer compensation suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation, allowing more funds to be directed towards programs and operations.
Filing History
IRS 990 filing history for Turner Farm Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Turner Farm Inc's revenue has grown by 80.1%, moving from $784K to $1.4M. Total assets decreased by 71.7% over the same period, from $972K to $275K. Total functional expenses rose by 98.4%, from $742K to $1.5M. In its most recent filing year (2023), Turner Farm Inc reported a deficit of $60K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $275K in assets (debt-to-asset ratio: 573.9%), resulting in net assets of $-1,304,994.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.5M | $275K | $1.6M | — | — |
| 2022 | $1.4M | $1.3M | $964K | $18K | — | View 990 |
| 2021 | $981K | $1.1M | $888K | $10K | — | View 990 |
| 2020 | $1.2M | $1.1M | $1.0M | $6K | — | View 990 |
| 2019 | $1.2M | $1.1M | $929K | $15K | — | — |
| 2015 | $816K | $943K | $907K | $386 | — | View 990 |
| 2014 | $901K | $907K | $1.0M | $5K | — | View 990 |
| 2013 | $882K | $818K | $1.0M | $7K | — | View 990 |
| 2012 | $787K | $775K | $979K | $4K | — | View 990 |
| 2011 | $784K | $742K | $972K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.5M, and assets of $275K (revenue +2.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $964K (revenue +40.5% year-over-year).
- 2021: Revenue of $981K, expenses of $1.1M, and assets of $888K (revenue -17.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $1.0M (revenue +1.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $929K (revenue +43.1% year-over-year).
- 2015: Revenue of $816K, expenses of $943K, and assets of $907K (revenue -9.5% year-over-year).
- 2014: Revenue of $901K, expenses of $907K, and assets of $1.0M (revenue +2.2% year-over-year).
- 2013: Revenue of $882K, expenses of $818K, and assets of $1.0M (revenue +12.1% year-over-year).
- 2012: Revenue of $787K, expenses of $775K, and assets of $979K (revenue +0.4% year-over-year).
- 2011: Revenue of $784K, expenses of $742K, and assets of $972K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turner Farm Inc:
Data Sources and Methodology
This transparency report for Turner Farm Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.