MINNIES FOOD PANTRY INC

EIN: 272363211 501(c)(3) Food, Agriculture & Nutrition

PLANO, TX

Total Revenue
$6,579,322
Total Expenses
$7,350,001
Total Assets
$10,396,526
Net Assets
$9,140,407
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
TX
Principal Officer
CHERYL JACKSON
Phone
9725960253
Tax Period
2023-01-01 to 2023-12-31

MINNIES FOOD PANTRY INC, founded in 2010, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $7.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

Minnies Food Pantry is a 501c3 non-profit organization with a mission to provide healthy meals, educational resources and red-carpet treatment to every person that we serve. Minnies Food Pantry understands that hunger does not discriminate and is dedicated to serving every person in need of supplemental food assistance in the North Texas area, regardless of gender, ethnicity, race, religion or zip code.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,572,387
Program Service Revenue $0
Investment Income $6,935
Other Revenue $0
TOTAL REVENUE $6,579,322

Expense Breakdown

Grants Paid $4,232,948
Salaries & Benefits $1,270,471
Fundraising Expenses $71,172
Program Expenses $6,718,062
Other Expenses $1,846,582
TOTAL EXPENSES $7,350,001

Year-over-Year Comparison

2023 2022 Change
Revenue $6,579,322 $5,816,214 +0.1%
Expenses $7,350,001 $5,506,597 +0.3%
Net Income $-770,679 $309,617 -3.5%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
4
Employees
9
Volunteers
12662

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
3
$324,209
Total Directors
5
$324,209
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL JACKSON Executive Dir. 55.00
Officer Director
$324,209 $0 $324,209
SHOVON JOHNSON Secretary 5.00
Officer Director
$0 $0 $0
CHARLES WOLFORD Director 5.00
Director
$0 $0 $0
BRANDON CHERRY Director 5.00
Director
$0 $0 $0
KRISTINA HAWKINS Treasurer 5.00
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 No data No data No data No data
2023 $6,579,322 $7,350,001 $10,396,526 $-770,679
2022 $5,816,214 $5,506,597 $11,343,278 $309,617
2021 $7,241,674 $6,065,230 $11,307,056 $1,176,444
2020 $10,467,713 $4,765,598 $10,268,464 $5,702,115
2019 $5,135,920 $5,155,708 $3,582,550 $-19,788
2018 $6,278,183 $4,843,364 $2,740,211 $1,434,819
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