FOODSHARE 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

1982

Legal Domicile

Principal Officer

JASON JAKUBOWSKI

Phone

8602869999

Tax Period

2020-07-01 to 2021-06-30

FOODSHARE INC, founded in 1982, is a mid-sized nonprofit that reported $52.4M in total revenue in fiscal year 2020. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $48.9M left a modest 7% surplus.

Mission

FOODSHARE IS LEADING AN INFORMED, COORDINATED RESPONSE TO HUNGER AS PART OF THE OVERALL COMMUNITY EFFORT TO ALLEVIATE POVERTY IN HARTFORD AND TOLLAND COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $45,261,751 Revenue: $58,685

FOOD COLLECTION AND DISTRIBUTION - DURING THE TWELVE MONTHS ENDED JUNE 30, 2021, FOODSHARE DISTRIBUTED OVER 14 MILLION MEALS TO NEARLY 300 COMMUNITY-BASED PROGRAMS THAT SERVE PEOPLE IN NEED...

FOOD COLLECTION AND DISTRIBUTION - DURING THE TWELVE MONTHS ENDED JUNE 30, 2021, FOODSHARE DISTRIBUTED OVER 14 MILLION MEALS TO NEARLY 300 COMMUNITY-BASED PROGRAMS THAT SERVE PEOPLE IN NEED, INCLUDING FOOD PANTRIES, COMMUNITY KITCHENS AND MOBILE FOODSHARE SITES. MORE THAN 119,000 PEOPLE IN GREATER HARTFORD ARE FOOD INSECURE AND MAY SEEK HELP FROM THESE PROGRAMS; 30% OF THOSE AT RISK ARE CHILDREN. WE PARTNER WITH THE FOOD INDUSTRY - RETAILERS, FARMERS, AND MAUFACTURERS - TO RECLAIM SAFE FOOD THAT IS NOT SALABLE AND DISTRIBUTE IT TO LOCAL PROGRAMS THAT SERVE FAMILIES, CHILDREN, SENIORS, AND OTHERS IN NEED. WE FOCUS ON PROVIDING NUTRITIOUS FOOD OPTIONS TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE. AN ADDED BENEFIT IS THAT LESS FOOD ENDS UP IN LANDFILLS.

Program 2

Expenses: $1,269,180

BUILDING SOLUTIONS - IN ADDITION TO DISTRIBUTING FOOD TO MEET IMMEDIATE NEEDS, SOLVING AN ISSUE AS COMPLEX AS HUNGER REQUIRES DIFFERENT PARTS OF OUR COMMUNITY WORKING TOGETHER TOWARDS LONG-TERM...

BUILDING SOLUTIONS - IN ADDITION TO DISTRIBUTING FOOD TO MEET IMMEDIATE NEEDS, SOLVING AN ISSUE AS COMPLEX AS HUNGER REQUIRES DIFFERENT PARTS OF OUR COMMUNITY WORKING TOGETHER TOWARDS LONG-TERM SOLUTIONS. FOODSHARE RAISES AWARENESS ABOUT HUNGER TO MOBILIZE COMMUNITY ACTION AND CONDUCTS OUTREACH WITH PARTNER ORGANIZATIONS TO INCREASE THE NUMBER OF ELIGIBLE PEOPLE WHO PARTICIPATE IN FEDERAL NUTRITION PROGRAMS. AND, BECAUSE IT TAKES MORE THAN FOOD TO END HUNGER, WE PLAY A LEADERSHIP ROLE IN COORDINATING A MORE COMPREHENSIVE RESPONSE THAT ALSO ADDRESSES ROOT CAUSES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $52,116,454

Program Service Revenue $58,685

Investment Income $91,033

Other Revenue $179,831

TOTAL REVENUE $52,446,003

Expense Breakdown

Grants Paid $39,288,493

Salaries & Benefits $4,611,861

Fundraising Expenses $1,283,554

Program Expenses $46,530,931

Other Expenses $4,904,169

TOTAL EXPENSES $48,885,754

Year-over-Year Comparison

	2020	2019	Change
Revenue	$52,446,003	$42,132,283	+0.2%
Expenses	$48,885,754	$36,053,365	+0.4%
Net Income	$3,560,249	$6,078,918	-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

2186

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

$794,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON JAKUBOWSKI	PRESIDENT AND CEO	40.00	Officer	$245,348	$29,667	$275,015
JEFF BARTHOLOMAY	VP & CFO	40.00	Officer	$168,907	$835	$169,742
CHRISTINE O'ROURKE	EXECUTIVE VICE PRESIDENT	40.00	Officer	$166,716	$30,546	$197,262
KATIE MARTIN	VICE PRESIDENT	40.00	Officer	$124,664	$27,531	$152,195
BETH HENRY	CHAIR	0.50	Officer Director	$0	$0	$0
ARELENE PUTTERMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
PETE SANNIZZARO	TREASURER	0.50	Officer Director	$0	$0	$0
ALFRED D WATTS	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
MAX BARRY	DIRECTOR	0.50	Officer Director	$0	$0	$0
TOM BUCKINGHAM	DIRECTOR	0.50	Officer Director	$0	$0	$0
JENNY CHOU	DIRECTOR	0.50	Officer Director	$0	$0	$0
KRISTEN COOKSEY STOWERS PHD	DIRECTOR	0.50	Director	$0	$0	$0
MOLLY DEVANEY	DIRECTOR	0.50	Director	$0	$0	$0
HARRY GARAFALO	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH R GIANNI	DIRECTOR	0.50	Director	$0	$0	$0
DUNCAN HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
KATIE HUNLOCK	DIRECTOR	0.50	Director	$0	$0	$0
MARIA PARADES	DIRECTOR	0.50	Director	$0	$0	$0
MITCH PODOB	DIRECTOR	0.50	Director	$0	$0	$0
TINO ROVERO	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER SMITH-JASER	DIRECTOR	0.50	Director	$0	$0	$0
WENDY WAHL	DIRECTOR	0.50	Director	$0	$0	$0
DIANA ZHANG	DIRECTOR	0.50	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
2021	$52,446,003	$48,885,754	$22,505,719	$3,560,249
2020	$42,132,283	$36,053,365	$18,315,484	$6,078,918