FOOD AT FIRST (EIN 270597091) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

ROBERT W JOLLY

Phone

5153444357

Tax Period

2024-01-01 to 2024-12-31

FOOD AT FIRST, founded in 2010, is a small nonprofit in the Human Services sector that reported $313K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $81K, a strong 26% operating margin.

Mission

FOOD PANTRY AND MEAL SERVICE FOR THE LOW INCOME/NEEDY PEOPLE OF CENTRAL IOWA. FOOD AT FIRST SERVICE APPROXIMATELY 25000 PEOPLE/MEALS IN THE CURRENT YEAR. THE FOOD PANTRY SERVED APPROXIMATELY 17000 PEOPLE AND 400 FAMILES IN THE CURRENT YEAR. FOOD IS DISTRIBUTED EVERY OTHER DAY OF THE YEAR.

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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 $269,691

Program Service Revenue $0

Investment Income $43,084

Other Revenue $0

TOTAL REVENUE $312,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,823

Fundraising Expenses $0

Program Expenses $229,060

Other Expenses $142,995

TOTAL EXPENSES $231,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,775	$429,349	-0.3%
Expenses	$231,818	$167,322	+0.4%
Net Income	$80,957	$262,027	-0.7%

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

14500

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joslin Soule Peters	President	10.00	Officer Director	$0	$0	$0
Alice May	Secretary	10.00	Officer Director	$0	$0	$0
KAREN RODERKAMP	Vice President	1.00	Officer Director	$0	$0	$0
ROBERT W JOLLY	Treasurer	10.00	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
2025	No data	No data	No data	No data
2024	$312,775	$231,818	$1,221,466	$80,957
2023	$429,349	$167,322	$1,142,533	$262,027
2022	$288,778	$215,805	$872,778	$72,973
2021	$456,050	$172,516	$801,841	$283,534
2020	$425,522	$129,845	$516,280	$295,677

FOOD AT FIRST