Golden Prairie Honey Farms Corporation

Nonprofit profile at a glance

EIN
871317159
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Manhattan, KS, USA
Phone
7855566799
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Job Training

Official website

Reported finances

Revenue
$196,050
Expenses
$161,398
Assets
$185,532
Liabilities
$1,314

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

Leadership & pay

6 people listed

Executive titles in this filing

  • BRIAN MCCORNACK (CHAIR CEO)
  • GARY LAGRANGE (PRESIDENT)

People named in this filing

  • BRIAN MCCORNACK (CHAIR CEO)
  • GARY LAGRANGE (PRESIDENT)
  • GREG PLATT (DIRECTOR)

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

Provide therapy for a significant number of men and women who suffer from visible and invisible wounds of war. Beekeeping is a proven aid to recover from such wounds. Contribute to american agriculure by developing and connecting a needed, mature, motivated, educated, and engaged workforce.

What it reported doing in 2024

Provide counseling, beekeeping, and agriculture training programs run by established professionals. Veterans not only develop expertise in honey production but will learn the business of beekeeping and honey production. Honor military veterans through the application of honest, strict, high business values. Source honey from u.s. Beekeepers who produce certified, legitimately pure honey. Some of this honey is from veteran beekeepers. Other honey is produced by the country's finest beekeepers. Valor honey will be certified and packed to the highest industry standards. Form and execute a national veterans alliance in training and honey production enabling a valor site to be established in every state including a honey procurement system as part of our commercial training program.

Operating model

Revenue model
Earned-program. 61% of the money available for current operations came from fees and other program revenue.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 64
  • Sustainability: 60
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.4%; rating input score 70
  • Program expense ratio: 90%; rating input score 90
  • 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: Yes; rating input score 100
  • 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: Fail
    • 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: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.7%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 1.15; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 25.9% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: -17.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -10.7% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 70.4% of revenue deployed · 90% of spending went to programs
  • Governance: 10 of 10 board members independent · 1 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $145K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • 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 — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.