RIO GRANDE FOOD PROJECT

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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

2004

Legal Domicile

Principal Officer

JUSTIN FORD

Phone

5058313778

Tax Period

2025-01-01 to 2025-12-31

RIO GRANDE FOOD PROJECT, founded in 2004, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.6M in total revenue in fiscal year 2025. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 9% surplus.

Mission

TO ALLEVIATE HUNGER AND CULTIVATE LONG-TERM FOOD SECURITY IN OUR COMMUNITES. RIO GRANDE FOOD PROJECT IS A PANTRY, URBAN GARDEN, AND COMMUNITY HUB ADDRESSING ALBUQUERQUE'S VERY SERIOUS HUNGER PROBLEM.

Program Service Accomplishments

Program 1

Expenses: $2,183,430 Revenue: $222,981

IN A FOOD DESERT AND FOUNDED IN 1989 BY RIO GRANDE PRESBYTERIAN CHURCH, RGFP IS A 501(C)3 ORGANIZATION SERVING LOW-INCOME INDIVIDUALS AND FAMILIES FROM ACROSS ALBUQUERQUE AND MOSTLY RESIDENTS OF THE SOUTHWEST MESA AND SOUTH VALLEY NEIGHBORHOODS. PRIOR TO THE PANDEMIC, RGFP WAS A YEAR-ROUND INDOOR FOOD PANTRY. TODAY, OVER 1,000 PEOPLE ARE SERVED WEEKLY VIA WALK-IN FOOD DISTRIBUTIONS. RGFP ALSO SHARES FOOD WITH PARTNERING ORGANIZATIONS THAT DISTRIBUTE DIRECTLY TO HIGH-RISK, HARDER-TO-REACH POPULATIONS. RGFP IS MORE THAN FOOD. IT IS A COMMUNITY HUB WHERE PEOPLE CONNECT WITH SOCIAL SERVICE PROVIDERS AND RESOURCES AND GET HELP ENROLLING IN IMPORTANT FOOD SECURITY PROGRAMS THAT IMPROVE HOUSEHOLD CIRCUMSTANCES AND PREVENT HUNGER. THIS CONTINUUM OF CARE INCLUDES JOB SEARCH AND TRAINING OPPORTUNITIES, IT CONNECTS PEOPLE WITH HEALTH SERVICES AND COST SAVINGS AS WELL AS UTILITY AND WATER BILL ASSISTANCE, IT PARTNERS TO SHARE NUTRITION AND COOKING EDUCATION, IT PROVIDES EMERGENCY CELL PHONES AND INTERNET ACCESS, AND DISTRIBUTES FREE BOOKS TO KIDS OF ALL AGES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,407,254

Program Service Revenue $203,326

Investment Income $15,134

Other Revenue $-3,673

TOTAL REVENUE $2,622,041

Expense Breakdown

Grants Paid $1,735,388

Salaries & Benefits $490,191

Fundraising Expenses $120,470

Program Expenses $2,183,430

Other Expenses $167,320

TOTAL EXPENSES $2,392,899

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,622,041	$1,949,719	+0.3%
Expenses	$2,392,899	$1,982,679	+0.2%
Net Income	$229,142	$-32,960	-8.0%

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

150

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

$77,908

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARIEL HERRING	EXECUTIVE DI	62.02	Officer	$77,908	$0	$77,908
JUSTIN FORD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLEN TERRY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHARLES REARDON	TREASURER	1.00	Officer Director	$0	$0	$0
MAGGIE TANNEN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY MARGARET KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA DELGADO	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA C WINTER	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SWAN	DIRECTOR	1.00	Director	$0	$0	$0
GERI WEEKS	DIRECTOR	1.00	Director	$0	$0	$0
JR TARIN	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	$2,622,041	$2,392,899	$1,272,169	$229,142
2024	$1,949,719	$1,982,679	$838,504	$-32,960
2023	$1,287,617	$1,263,228	$954,614	$24,389
2022	$1,280,473	$1,250,408	$886,688	$30,065
2021	$1,604,388	$1,445,969	$847,238	$158,419
2020	$1,973,493	$1,874,388	$746,949	$99,105
2019	$2,407,479	$2,359,103	$607,461	$48,376
2018	$1,872,670	$1,730,136	$550,100	$142,534