LOCAL FOOD HUB 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

2009

Legal Domicile

Principal Officer

DR MARCUS COMER

Phone

4342440625

Tax Period

2024-01-01 to 2024-12-31

LOCAL FOOD HUB INC, founded in 2009, is a small nonprofit that reported $435K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 170% operating deficit.

Mission

LOCAL FOOD HUB IS A NONPROFIT ORGANIZATION THAT PARTNERS WITH VIRGINIA FARMERS TO INCREASE COMMUNITY ACCESS TO LOCAL FOOD

Program Service Accomplishments

Program 1

Expenses: $399,476 Revenue: $23,792

FOOD ACCESS LOCAL FOOD HUB IS COMMITTED TO ENSURING EQUITABLE ACCESS TO FRESH, LOCAL FOOD. IN 2024, ITS FRESH FARMACY PROGRAM SERVED MORE THAN 600 HOUSEHOLDS EACH WEEK AND PARTNERED WITH OTHER LOCAL BUSINESSES TO OFFER HOME DELIVERY AND OTHER SERVICES.THE ORGANIZATION CEASED OPERATIONS AS OF 12/31/2024. THE ORGANIZATION'S RESIDUAL FUNDS WERE USED TO PROVIDE GRANTS OF $134,438 TO OTHER LOCAL NON-PROFITS WITH MISSIONS RELATED TO LOCAL FOOD ACCESS.

Program 2

Expenses: $265,038 Revenue: $23,792

MARKET ACCESS LOCAL FOOD HUB WORKS TO INCREASE ACCESS TO MARKETS FOR FARMERS IN CENTRAL VIRGINIA AND ACROSS THE STATE. THOUGH IT IS NO LONGER AN OFFICIAL DISTRIBUTOR, AT THE BEGINNING OF THE PANDEMIC IT CREATED THE FIRST DRIVETHROUGH, PREORDER FARMERS MARKET IN THE AREA TO ADDRESS PROBLEMS WITH FOOD SUPPLY CHAINS AND SMALL FARMERS NEEDING TO REACH CUSTOMERS. THE TWICE WEEKLY MARKETS HAVE BEEN A LIFELINE FOR CONSUMERS AND FARMERS ALIKE AND REINVESTED HUNDREDS OF THOUSANDS OF DOLLARS IN THE LOCAL ECONOMY, WITH ALL PROCEEDS GOING TO THE FARMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $367,105

Program Service Revenue $47,584

Investment Income $20,009

Other Revenue $0

TOTAL REVENUE $434,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,146

Fundraising Expenses $48,723

Program Expenses $664,514

Other Expenses $1,002,099

TOTAL EXPENSES $1,174,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,698	$955,583	-0.5%
Expenses	$1,174,245	$1,140,318	+0.0%
Net Income	$-739,547	$-184,735	+3.0%

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

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

$87,571

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BLACKBURN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN BYRD	DIRECTOR	2.00	Director	$0	$0	$0
DR MARCUS COMER	CHAIR	2.00	Officer Director	$0	$0	$0
GORDON WALKER	TREASURER	2.00	Officer Director	$0	$0	$0
MICHELE GIBSON	DIRECTOR	2.00	Director	$0	$0	$0
ALEX LONDON-GROSS	DIRECTOR	2.00	Director	$0	$0	$0
KAMISHA SPENCER	DIRECTOR	2.00	Director	$0	$0	$0
SARA CRUZ	DIRECTOR	2.00	Director	$0	$0	$0
SARAH HEID	DIRECTOR	2.00	Director	$0	$0	$0
MARCIE MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
AMANDEEP RATTE	DIRECTOR	2.00	Director	$0	$0	$0
LARYSSA SMITH	EXECUTIVE DIRECTOR/SECRETA	40.00	Officer	$85,540	$2,031	$87,571

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	$434,698	$1,174,245	No data	$-739,547
2023	$955,583	$1,140,318	$816,009	$-184,735
2022	$948,043	$990,841	$1,022,906	$-42,798
2021	$1,343,163	$1,173,403	$1,060,886	$169,760
2020	$1,714,104	$1,575,424	$891,493	$138,680
2019	$861,164	$430,435	$734,907	$430,729
2018	$834,418	$728,788	$408,531	$105,630