CARING FOR FRIENDS

EIN: 232072722 501(c)(3) Food, Agriculture & Nutrition

PHILADELPHIA, PA

Total Revenue
$12,196,609
Total Expenses
$12,715,061
Total Assets
$1,308,535
Net Assets
$937,299
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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
1974
Legal Domicile
PA
Principal Officer
VINCENT J SCHIAVONE
Phone
2154642224
Tax Period
2023-08-01 to 2024-07-31

CARING FOR FRIENDS, founded in 1974, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $12.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

CARING FOR FRIENDS, FOUNDED IN 1974, IS A FOOD BANK, PREPARED MEALS PROGRAM, AND CARING KITCHEN. OUR MISSION IS TO PROVIDE FOOD AND FRIENDSHIP TO SENIORS, KIDS AND ADULTS, THE HOMELESS, AND THOSE IN SHELTER IN GREATER PHILADELPHIA. WE ARE A VOLUNTEER ORGANIZATION SUPPORTED BY A SMALL STAFF. CARING FOR FRIENDS VOLUNTEERS SORT, PREPARE, PACK, AND DELIVER SIX DAYS A WEEK. WE PROVIDE FRESH, FROZEN, AND SHELF-STABLE FOOD TO FAITH-BASED AND COMMUNITY ORGANIZATIONS TO FILL THEIR PANTRIES AND SUPPORT THEIR FOOD SHARING PROGRAMS.

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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 $12,185,362
Program Service Revenue $0
Investment Income $9,636
Other Revenue $1,611
TOTAL REVENUE $12,196,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $933,400
Fundraising Expenses $118,948
Program Expenses $12,334,934
Other Expenses $11,781,661
TOTAL EXPENSES $12,715,061

Year-over-Year Comparison

2023 2022 Change
Revenue $12,196,609 $9,833,885 +0.2%
Expenses $12,715,061 $11,152,511 +0.1%
Net Income $-518,452 $-1,318,626 -0.6%
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

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Governance

Voting Members
6
Independent Members
5
Employees
49
Volunteers
1000

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
2
$125,000
Total Directors
6
$125,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENT J SCHIAVONE CHAIRMAN AND CEO 40.00
Officer Director
$125,000 $0 $125,000
HENRY T ROSSI SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES DELANEY BOARD MEMBER 1.00
Director
$0 $0 $0
TINA BEAUMONT BOARD MEMBER 1.00
Director
$0 $0 $0
REV MSG JOHN JAGODZINSKI BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLENE SPENCER BAYLIS BOARD MEMBER 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
2024 $12,284,025 $12,802,477 $1,308,535 $-518,452
2024 $12,196,609 $12,715,061 $1,308,535 $-518,452
2023 $9,833,885 $11,152,511 $1,929,797 $-1,318,626
2022 $9,778,245 $11,186,283 $2,884,360 $-1,408,038
2021 $33,673,129 $33,246,159 $4,387,251 $426,970
2020 $13,867,196 $13,093,363 $3,598,129 $773,833
2019 $2,572,893 $2,856,814 $2,614,828 $-283,921
2018 $2,229,385 $2,224,673 $2,892,017 $4,712
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