FAIR FOOD NETWORK 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

KATHERINE KRAUSS

Phone

7342133999

Tax Period

2024-01-01 to 2024-12-31

FAIR FOOD NETWORK INC, founded in 2009, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $13.8M in total revenue in fiscal year 2024.

Mission

FAIR FOOD NETWORK IS ORGANIZED TO GROW COMMUNITY HEALTH, WEALTH, AND RESILIENCE THROUGH FOOD, TO INCREASE ACCESS TO AFFORDABLE HEALTHY FOOD, HELP LOCAL FOOD ECONOMIES THRIVE AND BUILD RESILIENCE IN LOCAL FOOD AND AGRICULTURE SYSTEMS.

Program Service Accomplishments

Program 1

Expenses: $6,848,778

THE DOUBLE UP FOOD BUCKS (DUFB)PROGRAM ENCOURAGES SNAP (FOOD PAYMENT ASSISTANCE) RECIPIENTS TO PURCHASE HEALTHY, FRESH PRODUCE BY MATCHING THEIR SNAP EXPENDITURES UP TO $20 WITH TOKENS THAT CAN BE...

THE DOUBLE UP FOOD BUCKS (DUFB)PROGRAM ENCOURAGES SNAP (FOOD PAYMENT ASSISTANCE) RECIPIENTS TO PURCHASE HEALTHY, FRESH PRODUCE BY MATCHING THEIR SNAP EXPENDITURES UP TO $20 WITH TOKENS THAT CAN BE REDEEMED TO PURCHASE ADDITIONAL LOCALLY GROWN PRODUCE. THE PROGRAM, WHICH LAUNCHED IN 2009, USES A MODEL THAT IS CENTRALLY ORGANIZED BUT LOCALLY IMPLEMENTED. IT IS NOW OPERATIONAL IN FARMERS MARKETS AND GROCERY STORES ACROSS MICHIGAN.

Program 2

Expenses: $3,558,465

THE NUTRITION INCENTIVE HUB (HUB) THROUGH ITS COALITION OF PARTNERS SUPPORTS NUTRITION TECHNICAL ASSISTANCE, REPORTING AND EVALUATION SUPPORT TO HELP STRENGTHEN NUTRITION INCENTIVE AND PRODUCE...

THE NUTRITION INCENTIVE HUB (HUB) THROUGH ITS COALITION OF PARTNERS SUPPORTS NUTRITION TECHNICAL ASSISTANCE, REPORTING AND EVALUATION SUPPORT TO HELP STRENGTHEN NUTRITION INCENTIVE AND PRODUCE PRESCRIPTION PROJECTS, AS THEY WORK TO INCREASE THE PURCHASE OF FRUITS AND VEGETABLES BY PROJECTS PARTICIPANTS.

Program 3

Expenses: $1,733,739

FAIR FOOD INVESTMENT INITIATIVE IS A PROGRAM OF FAIR FOOD NETWORK THAT OPERATES IN CONJUNCTION WITH FAIR FOOD FUND. FINANCIAL ASSISTANCE IS PROVIDED VIA GRANTS FROM FAIR FOOD NETWORK AND/OR EQUITY...

FAIR FOOD INVESTMENT INITIATIVE IS A PROGRAM OF FAIR FOOD NETWORK THAT OPERATES IN CONJUNCTION WITH FAIR FOOD FUND. FINANCIAL ASSISTANCE IS PROVIDED VIA GRANTS FROM FAIR FOOD NETWORK AND/OR EQUITY AND DEBT INSTURMENTS FROM FAIR FOOD FUND UNIQUELY STRUCTURED FOR EACH INVESTMENT. OTHER BUSINESS ASSISTANCE IS PROVIDED AS DESCRIBED ABOVE TO SUPPORT THE LONG-TERM VIABILITY OF THE INVESTEES.

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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 $13,323,202

Program Service Revenue $0

Investment Income $469,146

Other Revenue $0

TOTAL REVENUE $13,792,348

Expense Breakdown

Grants Paid $7,045,580

Salaries & Benefits $3,682,063

Fundraising Expenses $367,920

Program Expenses $12,140,982

Other Expenses $3,211,809

TOTAL EXPENSES $13,939,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,792,348	$13,997,054	0.0%
Expenses	$13,939,452	$12,976,853	+0.1%
Net Income	$-147,104	$1,020,201	-1.1%

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

$449,230

Total Directors

Key Employees

$344,877

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE KRAUSS	CEO	40.00	Officer Highest	$232,490	$11,674	$244,164
HOLLY PARKER	CHIEF STRATEGY & PROGRAM OFFICER	40.00	Officer	$204,766	$300	$205,066
CASSANDRA FLETCHER-MARTIN	VP OF FINANCE	40.00	Key Emp	$163,900	$8,571	$172,471
MYKEL BOYD	VP OF PEOPLE & CULTURE	40.00	Key Emp	$163,900	$8,506	$172,406
GARY APPEL	SECRETARY	2.00	Director	$0	$0	$0
KIFF HAMP	DIRECTOR	1.00	Director	$0	$0	$0
BENITA MELTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STEWART III	DIRECTOR	1.00	Director	$0	$0	$0
KWAKU OSEI	DIRECTOR	1.00	Director	$0	$0	$0
SARAH L WIXSON	DIRECTOR	0.00	Director	$0	$0	$0
W DEWAYNE WELLS	PRESIDENTCHAIR	1.00	Officer Director	$0	$0	$0
DAN WARMELS	TREASURER	2.00	Officer 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	$13,792,348	$13,939,452	$18,002,438	$-147,104
2023	$13,997,054	$12,976,853	$17,121,148	$1,020,201
2022	$14,278,165	$14,776,568	$17,548,588	$-498,403
2021	$15,253,165	$17,025,704	$17,252,901	$-1,772,539
2020	$12,726,213	$14,117,629	$16,939,374	$-1,391,416
2019	$11,263,202	$9,466,044	$17,019,749	$1,797,158
2018	$7,270,519	$8,550,037	$13,329,880	$-1,279,518