BREAD FOR LIFE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

MIKE SOLTYS

Phone

8602768389

Tax Period

2023-01-01 to 2023-12-31

BREAD FOR LIFE INC, founded in 1984, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $609K in total revenue in fiscal year 2023. Expenses of $531K left a modest 13% surplus.

Mission

THE MISSION OF BREAD FOR LIFE IS TO PROVIDE FOOD, FELLOWSHIP AND A SENSE OF DIGNITY TO THOSE IN NEED. WE RELY ON THE GENEROSITY OF OUR COMMUNITY TO HELP US FULFILL OUR MISSION THAT NO ONE GOES HUNGRY IN OUR TOWN. OUR VISION IS ACCOMPLISHED BY PROVIDING MEALS SERVED DAILY IN OUR KITCHEN, DELIVERED WITHIN OUR SENIOR COMMUNITY AND ALSO TO OUR HOME-BOUND CITIZENS, AND TO CHILDREN IN THE SUMMER. BREAD FOR LIFE STRIVES TO HELP OUR CLIENTS WITH THEIR PERSONAL NEEDS THROUGH REFERRALS TO APPROPRIATE AGENCIES. WE ALSO ARE A VOICE TO EDUCATE OUR COMMUNITY ON HUNGER AND POVERTY.

Program Service Accomplishments

Program 1

Expenses: $472,550 Revenue: $8,633

LUNCH PROGRAM--HOT MEALS ARE PREPARED AND SERVED AT BREAD FOR LIFE AT NOON DAILY, MONDAY THROUGH FRIDAY. WE ARE LOCATED AT 31 VERMONT AVENUE IN SOUTHINGTON, CT. MEAL DELIVERY--BREAD FOR LIFE PROVIDES HOT LUNCH WEEKDAYS TO HOMEBOUND RESIDENTS WHO QUALIFY IN OUR COMMUNITY. WE ALSO DELIVER GROCERIES ON FRIDAY FOR WEEKEND MEALS TO THOSE WHO ARE UNABLE TO LEAVE THEIR HOMES. MOBILE FOOD PANTRY--BREAD FOR LIFE VISITS SOUTHINGTON'S MOST ECONOMICALLY CHALLENGED NEIGHBORHOODS BRINGING NON-PERISHABLE FOOD DIRECTLY TO THE PEOPLE WHO NEED IT THE MOST. SENIOR SERVICES--WE SERVE A GROUP LUNCH WEEKLY TO ALL RESIDENTS OF SOUTHINGTON HOUSING AUTHORITY COMMUNITIES AND SECTION 8 HOUSING. THESE GROUP LUNCHES GIVE SENIORS AN OPPORTUNITY TO SHARE A MEAL IN COMMUNITY EACH WEEK. FUEL FOR SCHOOL--WE PROVIDE BOARD OF EDUCATION APPROVED SNACKS TO STUDENTS IN SOUTHINGTON MIDDLE AND HIGH SCHOOLS WHO NEED A BOOST TO GET THROUGH THE DAY. CHILDREN'S SUMMER PROGRAM--BREAD FOR LIFE PROVIDE A LUNCH PROGRAM FOR CHILDREN IN LOW-INCOME NEIGHBORHOODS AND TO CHILDREN WHO RECEIVE FREE OR REDUCED HOT LUNCH DURING THE SCHOOL YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $565,858

Program Service Revenue $8,633

Investment Income $23,579

Other Revenue $11,124

TOTAL REVENUE $609,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,044

Fundraising Expenses $0

Program Expenses $472,550

Other Expenses $288,288

TOTAL EXPENSES $531,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$609,194	$575,208	+0.1%
Expenses	$531,332	$446,831	+0.2%
Net Income	$77,862	$128,377	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$81,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA AYER	EXECUTIVE DI	40.00	Director	$81,692	$0	$81,692
MICHAEL BAKER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BRETT	TREASURER	3.00	Officer Director	$0	$0	$0
PAT BYRNE	SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN CORRADO	DIRECTOR	1.00	Director	$0	$0	$0
TOM FINN	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY INGRISELLI	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KAMRADT	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
RICK KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LEARY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE NYERICK	DIRECTOR	1.00	Director	$0	$0	$0
BILL PALMIERI	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SACK	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SMAYDA	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SOLTYS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TABITHA STEIN	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$609,194	$531,332	$2,232,942	$77,862
2022	$575,208	$446,831	$2,075,530	$128,377
2021	$714,087	$430,529	$1,979,370	$283,558
2020	$689,623	$371,690	$1,744,880	$317,933
2019	$470,081	$423,129	$1,398,004	$46,952
2018	$368,277	$351,622	$1,349,097	$16,655