HOT BREAD KITCHEN LTD (EIN 263332972) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

LESLIE ABBEY

Phone

2125409070

Tax Period

2023-01-01 to 2023-12-31

HOT BREAD KITCHEN LTD, founded in 2008, is a mid-sized nonprofit in the Human Services sector that reported $11.3M in total revenue in fiscal year 2023. Revenue surged 311% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.9M, a strong 34% operating margin.

Mission

HOT BREAD KITCHEN CREATES ECONOMIC OPPORTUNITY FOR WOMEN AND GENDER EXPANSIVE PEOPLE, IMMIGRANTS, AND PEOPLE OF COLOR THROUGH JOB SKILLS TRAINING, HIGH-QUALITY JOB PLACEMENT, FOOD ENTREPRENEURSHIP PROGRAMS, AND AN ECOSYSTEM OF SUPPORT IN NEW YORK CITY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,125,196

Program Service Revenue $0

Investment Income $129,328

Other Revenue $14,373

TOTAL REVENUE $11,268,897

Expense Breakdown

Grants Paid $5,722

Salaries & Benefits $4,092,887

Fundraising Expenses $812,070

Program Expenses $5,869,995

Other Expenses $2,990,166

TOTAL EXPENSES $7,417,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,268,897	$2,740,788	+3.1%
Expenses	$7,417,565	$4,036,962	+0.8%
Net Income	$3,851,332	$-1,296,174	-4.0%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

$384,807

Total Directors

Key Employees

$164,812

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE ABBEY	CHIEF EXCUTIVE OFFICER	40.00	Officer	$224,788	$12,869	$237,657
CEDRIC JARRETT THROUGH 1223	CHIEF FINANCIAL OFFICER	40.00	Officer	$144,265	$2,885	$147,150
KRISTINE BOROK	CHIEF OPERATING OFFICER	40.00	Key Emp	$164,812	$0	$164,812
CATHERINE KIM	CHIEF PROGRAM OFFICER	40.00	Highest	$144,265	$1,550	$145,815
DIANA TAYLOR	CHAIR	1.00	Officer Director	$0	$0	$0
MARY MCCAFFREY	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
EMILY SUSSKIND	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CHAERI KIM TORNAY	SECRETARY	1.00	Director	$0	$0	$0
ANTONIA BOWRING	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH BRONSTON-CULP	DIRECTOR	1.00	Director	$0	$0	$0
DANA COWIN	DIRECTOR	1.00	Director	$0	$0	$0
ILENE ENG	DIRECTOR	1.00	Director	$0	$0	$0
ANAMITA GUHA	DIRECTOR	1.00	Director	$0	$0	$0
TRACY JOSHUA	DIRECTOR	1.00	Director	$0	$0	$0
CAROL LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA NUDELMAN	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW REICH	DIRECTOR	1.00	Director	$0	$0	$0
MARGARITA SAWHNEY	DIRECTOR	1.00	Director	$0	$0	$0
SHAOLEE SEN	DIRECTOR	1.00	Director	$0	$0	$0
GAIL SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
MONALI VORA	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
JAFFER ZAIDI	DIRECTOR	1.00	Director	$0	$0	$0
BEN LEVENTAL THROUGH 323	DIRECTOR	1.00	Director	$0	$0	$0
AMIR KIRKWOOD THROUGH 323	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
2024	No data	No data	No data	No data
2023	$11,268,897	$7,417,565	$13,018,041	$3,851,332
2022	$2,740,788	$4,036,962	$9,001,470	$-1,296,174
2021	$5,150,030	$3,684,794	$8,864,419	$1,465,236
2020	$7,305,391	$4,353,000	$6,477,369	$2,952,391
2019	$4,314,120	$4,619,433	$2,944,645	$-305,313
2018	$5,505,161	$5,346,072	$3,377,963	$159,089

HOT BREAD KITCHEN LTD