The 2Forks Club
Nonprofit profile at a glance
- EIN
- 464162607
- IRS 990-EZ coverage
- 2018–2019
- Forms available
- Form 990-EZ 2019, Form 990-N 2013
- Location
- Carbondale, CO, USA
- Phone
- 9703792323
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Farmland Preservation
Reported finances
- Revenue
- $58,264
- Expenses
- $47,180
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- Eden Vardy (President)
People named in this filing
- Eden Vardy (President)
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 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Make Loans to Farmers That Grow Food For Local Consumption And Who Otherwise Do Not Qualif For Commercial Bank Financing
What it reported doing in 2019
Made loans of $177,000 during 2020 though June 30th. As of June 30, 2020 outstanding loans totaling $276,767 were transferred to The Farm Collaborative (a 501c3) as part of the dissolution process.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Sustainability: 35
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81%; rating input score 81
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 19%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 53%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 15.7% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: -87.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 81% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $47K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2018 to 2019
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.