Corner Farms Forsyth Inc

Nonprofit profile at a glance

EIN
921387001
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Cumming, GA, USA
Phone
7703552577
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Family Services

Reported finances

Revenue
$299,096
Expenses
$238,233
Assets
$104,060
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • ADAM RHODES (President)
  • JANICE DAVIS (Vice President)
  • NICK GARDNER (CEO)

People named in this filing

  • ADAM RHODES (President)
  • JANICE DAVIS (Vice President)
  • KURT ARSENEAU (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Corner farms is dedicated to helping families overcome some of life's toughest challenges, by working with teens to reach goals and overcome relationship challenges.

What it reported doing in 2024

CORNER FARMS IS DEDICATED TO HELPING FAMILIES OVERCOME SOME OF LIFE'S TOUGHEST CHALLENGES, BY WORKING WITH TEENS TO REACH GOALS AND OVERCOME RELATIONSHIP CHALLENGES AND CRISES.PROGRAM ACCOMPLISHMENTS DURING 2024 INCLUDED: Program Accomplishments during 2024 included: We counseled roughly 80 teens during individual sessions and by phone or zoom.We helped 41 families that were short on rent, food, utilities or other life necessities and coached them through how to budget for the coming months.We paid for new HVAC systems for Veterans through the VFW.We volunteered and/or donated goods or services to the following agencies serving the community.We counseled entire family members of drowning victims.Mentor Me North Georgia, The united Way of Forsyth County, Family Promise, Emergency Dive Response Team, We did classroom education through the Forsyth County WITH Program and Forsyth County Schools where we taught roughly 90 students how to properly navigate through a challenge. These weekly classes throughout the school year varied in class size and curriculum with an average of 30 kids per class.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 59
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.7%; rating input score 80
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.3%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 22.9% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -11.6% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -34% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 79.7% of revenue deployed · 100% of spending went to programs
  • Governance: 10 of 10 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $238K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Growth: Asset growth scored 0/100.