RG Foods 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

2023

Legal Domicile

Principal Officer

Frank Scott Smith

Phone

9183463788

Tax Period

2023-01-01 to 2023-12-31

RG Foods Inc, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $464K in total revenue in fiscal year 2023. Expenses of $446K left a modest 4% surplus.

Mission

RG Foods addresses food insecurity and health disparities though a whole system framework to bring healthful food stores back to economically disadvantaged communities. Not only does it improve access to healthful foods, but improves health outcomes. Our core strengths lies not in direct benefits, but systemic change. We identify the root causes of food deserts and strategically focus efforts on disrupting the underlying causes to rebuild the ecosystem of the food supply chain rooted in justice. We built a holistic systems approach to rebuild the ecosystem of the local food supply chain through a combination of mobile and micro store fronts, food hubs, urban regenerative agriculture and entrepreneurial opportunities for those living in food deserts. By working to fill in gaps and collaborate with other agencies and community activists working in food security, we are able to plug in and assist in moving food access projects forward.

Program Service Accomplishments

Program 1

Expenses: $125,930 Revenue: $0

Tulsa Farm Lab - The farm was started to grow fresh food for the mobile store. It includes a greenhouse, hoop house, food forest, produce production, bees, and composting. In 2023, the farm produced over 12,000 pounds of food. We provided educational field trips for schools, clubs and other youth groups. Tulsa Farm Lab is a curriculum rich field trip that connects students with where their food comes using grade specific standards in science, technology, engineering, arts and math woven into an investigation of food systems. In 2023, the farm hosted 469 visitors and 7 training classes. It is also the homebase for the Fresh Food Academy where participants harvest and pack food from the farm for the food hub, mobile grocery, and grocery boxes.

Program 2

Expenses: $72,145 Revenue: $0

Fresh Food Academy - Assisting youth and residents in becoming active partners in their nutritious food choices and health outcomes through the Fresh Food Academy. The students and entrepreneurs will gain critical life skills while increasing their knowledge of business, the food supply chain, agriculture, nutrition, food preparation, and health through a social entrepreneurial program equipping youth and residents to take ownership of their health and building pathways for careers in the local food system and specifically for the Grocery Box. In only 6 months in 2023, the academy trained 9 paid student interns for a total of 1988 hours of work.

Program 3

Expenses: $42,998 Revenue: $162,735

Mobile Grocery - An innovative approach to addressing food deserts, the mobile market is a 44ft long, one-aisle mobile grocery store that carries grocery staples including fresh produce, quality...

Mobile Grocery - An innovative approach to addressing food deserts, the mobile market is a 44ft long, one-aisle mobile grocery store that carries grocery staples including fresh produce, quality meats, dairy, frozen, canned and household goods. Accepting SNAP and offering incentive programs such as Double Up Oklahoma and Senior Nutrition Farmers Market Program, the mobile store brings access to healthy foods to underserved communities where it is not available. In 2023, the Mobile Grocery served 8 locations from April - Dec and celebrated nearly 9,000 transactions representing 9,000 instances of fresh food and grocery staples getting into the hands of needy families.

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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 (2023)

Revenue Breakdown

Contributions & Grants $411,635

Program Service Revenue $43,301

Investment Income $0

Other Revenue $9,244

TOTAL REVENUE $464,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,059

Fundraising Expenses $21,463

Program Expenses $315,822

Other Expenses $190,783

TOTAL EXPENSES $445,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$464,180	N/A	N/A
Expenses	$445,842	N/A	N/A
Net Income	$18,338	$0	N/A

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

$55,770

Total Directors