Franklin County Farmers Market Kentucky

Nonprofit profile at a glance

EIN
333472053
IRS 990-EZ coverage
2025–2025
Forms available
Form 990-EZ 2025
Location
Frankfort, KY, USA
Phone
5023309600
Rating
34
Verdict
REVIEW
Rating confidence
Moderate
Sector
Agricultural Programs

Reported finances

Revenue
$94,992
Expenses
$96,823
Assets
$25,389
Liabilities
$2,300

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Maggie Dungan (President)
  • Lee Ann Jones (Vice President)

People named in this filing

  • Maggie Dungan (President)
  • Lee Ann Jones (Vice President)
  • Chelsea Barbour (Secretary)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a physical and online presence for local farmers and growers to provide and sell locally grown products to local buyers. The market works with other local entities and farmers to provide underprivileged, low income, and disadvantaged people with access to fresh produce and other farm raised products. The market provides educational opportunities to children and young people interested in learning about farming and agricultural pursuits. The market provides access to multiple methods of financial assistance to low income and disadvantaged persons for the purpose of providing access to local farm raised products.

What it reported doing in 2025

The Market exists as a physical location and an online presence to provide local farmers and growers an opportunity to sell locally grown products to local buyers. The market works with other local entities to provide opportunities for anyone including disadvantaged, low income, and underprivileged persons an opportunity to have access to fresh, locally grown produce and farm products. The market provides educational opportunities to children and young persons interested in learning about farming and agricultural activities. The market provides opportunities for financial assistance to assist in the acquisition of fresh locally grown foods to groups of people who may not otherwise have access to fresh food and agricultural products.

Operating model

Revenue model
Donor-supported. 65% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 33
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1.9%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.