NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROJECT EATS INC, founded in 2009, is a community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 13% operating deficit.
TO PROVIDE ENCOURAGEMENT AND ASSISTANCE TO INDIVIDUALS, GROUPS AND COMMUNITIES SO THAT THEY CAN DEVELOP INNOVATIVE SOCIAL, ECONOMIC AND POLITICAL PROGRAMS THAT PROMOTE IN A LAWFUL MANNER THE SOCIAL, ECONOMIC AND POLITICAL WELL-BEING OF AMERICAN SOCIETY. TO PRODUCE AND DISTRIBUTE ART AND MEDIA THAT INFORMS AND ENGAGES INDIVIDUALS, GROUPS AND COMMUNITIES IN ACTIVITIES THAT FOSTER THE WELL-BEING AND GENERAL WELFARE OF AMERICAN SOCIETY. TO DEVELOP PROGRAMS, CONDUCT RESEARCH, PROVIDE TECHNICAL ASSISTANCE AND SUPPORT TO INDIVIDUALS, GROUPS AND COMMUNITIES THAT WORK TO ESTABLISH SELF-HELP, MUTUAL AID, NATURAL HELPING NETWORKS, AND RESOURCE EXCHANGE NETWORKS THAT IMPROVE THEIR WELL-BEING. TO DEVELOP PROGRAMS, CONDUCT RESEARCH, AND PROVIDE CONSULTATION THAT WILL PROMOTE CITIZEN PARTICIPATION FOR IMPROVING THE QUALITY OF COMMUNITY LIFE IN THE FOLLOWING AREAS: HEALTH, SAFETY, MENTAL HEALTH, ECOLOGY, HOUSING, AND SOCIAL WELFARE.
PROJECT EATS' MODEL FEATURES SMALL-PLOT, COMMUNITY-BASED AND OPERATED, HIGH-YIELD FARMS - BOTH GROUND-LEVEL AND ROOFTOP. USING SUSTAINABLE, PRIMARILY HAND-GROWN, FARMING METHODS, AND EMPLOYING...
PROJECT EATS' MODEL FEATURES SMALL-PLOT, COMMUNITY-BASED AND OPERATED, HIGH-YIELD FARMS - BOTH GROUND-LEVEL AND ROOFTOP. USING SUSTAINABLE, PRIMARILY HAND-GROWN, FARMING METHODS, AND EMPLOYING SEEDING, SUCCESSION PLANNING, CARBON WASTE REUSE, AND OTHER ENVIRONMENTALLY SOUND TECHNIQUES, PE WORKS TO MAXIMIZE CROP YIELDS IN LIMITED URBAN SPACES, AND PROVIDE THE COMMUNITY WITH EASE OF ACCESS TO HEALTHY, ULTRA-LOCAL, "INCOME-APPROPRIATE" FOOD. OPERATING 5 FARMS SPANNING ALMOST 5 ACRES LOCATED ACROSS THE 3 NYC BOROUGHS, PROJECT EATS (PE):- DEVELOPS AND SUPPORTS URBAN FARMS AND FARMING INFRASTRUCTURE,- PROVIDES SALES OUTLETS FOR THE FARMS,- OFFERS WORKFORCE DEVELOPMENT AND EMPLOYMENT OPPORTUNITIES TO COMMUNITY RESIDENTS, - INFORMS AND USES PRACTICES THAT SUPPORT PEOPLE'S CONSUMPTION OF HEALTHY FOOD, HEALTHY LIVING AND WELLBEING, REGARDLESS OF INCOME.PE FARMS OPERATE AS SOCIAL ENTERPRISES THAT PROVIDE REVENUE SOURCES THROUGH SALES OF FRESH PRODUCE (60% AT AFFORDABLE PRICES WITHIN THE COMMUNITY THAT GENERATES IT AND 40% AT PREMIUM RATES TO COMMERCIAL MARKETS). THEY ALSO GENERATE REVENUE THROUGH CONTRACTED AGRICULTURAL PROGRAMS. PE IS ALSO SUPPORTED BY GRANTS FROM CHARITABLE INSTITUTIONS, AND CONTRIBUTIONS FROM THE PUBLIC. PE OFFERS AN ARRAY OF COMMUNITY PROGRAMS TO SUPPORT THE WELLNESS OF LOCAL RESIDENTS RANGING FROM SITE-SPECIFIC AGRICULTURAL ART INSTALLATIONS TO WORKSHOPS. MAREN HASSINGER CREATED AN OUTDOOR INSTALLATION FROM STEEL AND CONCRETE FOR OUR SITES AT ESSEX AND BROWNSVILLE THAT RAN FROM SECOND WEEK OF NOVEMBER TO THE THIRD WEEK OF JANUARY.IN 2022, WE BEGAN PROJECT [B]EATS: AN EXPLORATORY PERCUSSION WORKSHOP SERIES FOR SENIORS. IN 2023, PROJECT [B]EATS CONTINUED. SESSIONS WERE HELD TWICE A WEEK FOR 6 MONTHS WITH 10 PARTICIPANTS.IN 2024, PROJECT EATS AFTER-SCHOOL (PEAS) CONTINUED WITH A SECOND SESSION OF A CULINARY CLASS FOR A NEW GROUP OF STUDENTS THAT RAN FOR 16-WEEKS WITH NEW DESIGN HIGH SCHOOL. THE CURRICULUM WAS DESIGNED TO COVER THE ESSENTIAL CULINARY SKILLS AND FOCUSED ON PLANT-BASED RECIPE INNOVATION. IN 2024, WE TRANSITIONED OUR PANTRY OPERATIONS FROM A WEEKLY TO A MONTHLY SCHEDULE BETWEEN MAY AND DECEMBER. THIS SHIFT WAS MADE TO BETTER SERVE THE COMMUNITY BY PROVIDING LARGER QUANTITIES OF BOTH SHELF-STABLE AND FRESH FOOD ITEMS AT EACH DISTRIBUTION. THESE CHANGES WERE IMPLEMENTED AT BOTH OF OUR PANTRY LOCATIONS IN THE BRONX AND THE OTHER IN BROOKLYN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,378,064 | $1,189,894 | +0.2% |
| Expenses | $1,562,522 | $1,494,724 | +0.0% |
| Net Income | $-184,458 | $-304,830 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LINDA GOODE BRYANT | FOUNDER/PRESIDENT | 60.00 |
Officer
Director
|
$150,000 | $9,928 | $159,928 |
| HARRIET SANFORD | BOARD CHAIR | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW WARREN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZABETH HOWNG | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JON GILMAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KORBIN HEISS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NILDA ISIDRO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARC PAYOT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREA SCHWAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LORNA SIMPSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VERONIQUE TILLINGHAST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE WELLS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH WORKNEH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,378,064 | $1,562,522 | $3,419,320 | $-184,458 |
| 2023 | $1,189,894 | $1,494,724 | $3,076,807 | $-304,830 |
| 2022 | $3,205,657 | $1,250,471 | $2,811,423 | $1,955,186 |
| 2021 | $1,101,691 | $1,030,908 | $1,096,163 | $70,783 |
| 2020 | $1,008,625 | $928,756 | $1,022,443 | $79,869 |
| 2019 | $1,335,513 | $904,841 | $975,468 | $430,672 |
| 2018 | $868,869 | $648,233 | $182,787 | $220,636 |
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