Miracle Farm Inc
Nonprofit profile at a glance
- EIN
- 742189925
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Round Rock, TX, USA
- Phone
- 5122553668
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Standard
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,341,975
- Expenses
- $2,103,303
- Assets
- $3,037,018
- Liabilities
- $155,407
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- BRENT THACKERSON (PRESIDENT ENDING (2/2025))
Highest reported compensation
- TODD ROBERSON (VICE CHAIR AND TRUSTEE): $307,070 total reported compensation
- BRENT THACKERSON (PRESIDENT ENDING (2/2025)): $161,218 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Miracle farm provides an environment for christ to forge young men of integrity who are firmly connected to the sense of security, acceptance, and significance that comes from an identity in christ.
What it reported doing in 2024
Miracle farm is a residential boys' ranch program serving teenage boys, ages 13-18, experiencing crisis with family relationships, behavior and social skills, and educational success that put them at high risk of dropping out of school or entering the juvenile justice system. Residential services include case management, counseling, an on-site public charter school, vocational training, and a horse program. Services help youth residents overcome trauma and learn self-confidence, self-discipline, responsibility, and healthy relationship skills. Licensed professional counselors are engaged to deliver individual/family counseling. Miracle farm also provides ongoing family training to help residential clients and their families heal from past trauma and improve relational skills. Former youth clients have access to aftercare and independent living services including on-campus housing, case management, life skills training, and counseling.
Operating model
- Revenue model
- Affiliate-supported. 80% of the money available for current operations came from contributions from related organizations.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 84
- Accountability: 94
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.6%; rating input score 61
- Program expense ratio: 95.2%; rating input score 95
- Fundraising efficiency: $36.92 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 37.1%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 1.44; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 70; 70th percentile among comparable filings
- Officer compensation ratio: 10.1%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 37th percentile among comparable filings
Details
- Where the money goes: 60.6% of revenue deployed · 95.2% of spending went to programs
- Governance: 8 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2M in reported program spending
- Leadership: top reported pay $307K · 10 people listed · 3 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 6 filed related-organization links
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.