BREAD FOR LIFE INC

EIN: 061232902 501(c)(3) Food, Agriculture & Nutrition

SOUTHINGTON, CT

Total Revenue
$609,194
Total Expenses
$531,332
Total Assets
$2,232,942
Net Assets
$2,138,131
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CT
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.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
12
Volunteers
50

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
4
$0
Total Directors
16
$81,692
Key Employees
0
$0
Highest Compensated
0
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
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