Woodinville Farmers Market

Nonprofit profile at a glance

EIN
911641426
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024, Form 990-N 2023
Location
Woodinville, WA, USA
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$69,076
Expenses
$64,831
Assets
$71,418
Liabilities
$506

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Torrey Edwards (President)
  • Bonnie Plottner (Vice President)

People named in this filing

  • Torrey Edwards (President)
  • Bonnie Plottner (Vice President)
  • Eric Goheen (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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Establishing markets in public spaces to enhance community engagement and provide access to fresh produce; supporting local agriculture and small businesses. Educating the public about food systems and food preparation through our programming. Partnering with various government agencies to facilitate food access programs.

What it reported doing in 2024

Our organization's mission is to build Community by providing a place to engage with local farmers, producers, and artisans. As a member of the Washington State Farmers Market Association, we do this while maintaining a minimum number of farmers, and keeping a balanced slate of vendors who all grow or make their products here in Washington. For the 2024 season we held 22 Saturday Markets and 1 Holiday Market in Woodinville, WA, supporting a roster of 120 vendors where each week we had an average of 37 featured. Our event was attended by almost 23,000 customers, who spent a total of over $490,000 with our small, local businesses. We facilitated federal and state food access spending of $2,575, and offered an additional $830 from our own accounting. We provided community connection by hosting a nonprofit booth each week for local and mission-aligned organizations, and programming such as live music, a kids activity, and chef demos.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 82
  • Sustainability: 51
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.2%; rating input score 71
  • Program expense ratio: 75.9%; rating input score 76

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 6.1%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 1.1; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 30; 30th 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: 71.2% of revenue deployed · 75.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $49K in reported program spending
  • 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.

  • Review — Sustainability: Operating margin scored 56/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.