FAIR FOOD NETWORK INC

EIN: 264143394 501(c)(3) Food, Agriculture & Nutrition

DETROIT, MI

Total Revenue
$13,792,348
Total Expenses
$13,939,452
Total Assets
$18,002,438
Net Assets
$12,696,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MI
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.

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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 (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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Governance

Voting Members
8
Independent Members
7
Employees
45
Volunteers
8

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
4
$449,230
Total Directors
8
$0
Key Employees
2
$344,877
Highest Compensated
1
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
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