FOOD MARKETPLACE INC

EIN: 362900465

ARLINGTON, VA

Total Revenue
$38,111,657
Total Expenses
$35,135,461
Total Assets
$82,302,168
Net Assets
$51,542,763
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
DC
Principal Officer
LESLIE G SARASIN
Phone
2024528444
Tax Period
2023-01-01 to 2023-12-31

FOOD MARKETING INSTITUTE, founded in 1976, is a mid-sized nonprofit that reported $29.3M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $28.0M left a modest 4% surplus.

Mission

TO REPRESENT, EDUCATE, AND IMPROVE THE FOOD INDUSTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $35,000
Program Service Revenue $33,465,292
Investment Income $1,278,684
Other Revenue $3,332,681
TOTAL REVENUE $38,111,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,426,389
Fundraising Expenses $0
Other Expenses $15,709,072
TOTAL EXPENSES $35,135,461

Year-over-Year Comparison

2023 2022 Change
Revenue $38,111,657 $44,861,167 -0.2%
Expenses $35,135,461 $31,590,510 +0.1%
Net Income $2,976,196 $13,270,657 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
103
Independent Members
103
Employees
98
Volunteers
125

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
13
$4,255,036
Total Directors
121
$0
Key Employees
6
$3,013,672
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN GEORGE CHAIR 1.00
Officer Director
$0 $0 $0
SUSAN D MORRIS VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOSEPH S COLALILLO VICE CHAIR 1.00
Officer Director
$0 $0 $0
REYNOLDS CRAMER VICE CHAIR 1.00
Officer Director
$0 $0 $0
J ALEXANDER M DOUGLAS JR VICE CHAIR 1.00
Officer Director
$0 $0 $0
OSCAR GONZALEZ VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN NAJJAR VICE CHAIR 1.00
Officer Director
$0 $0 $0
TONY SARSAM VICE CHAIR 1.00
Officer Director
$0 $0 $0
TWYLA BAILEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
RANDY EDEKER PAST CHAIR (AS OF 1/2023) 1.00
Director
$0 $0 $0
JEREL GOLUB DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL NEEDLER JR DIRECTOR 1.00
Director
$0 $0 $0
STEVE PRESLEY DIRECTOR 1.00
Director
$0 $0 $0
LAURI YOUNGQUIST DIRECTOR 1.00
Director
$0 $0 $0
STUART AITKEN DIRECTOR 1.00
Director
$0 $0 $0
NICK ALBRECHT DIRECTOR 1.00
Director
$0 $0 $0
JOHN ALSTON DIRECTOR 1.00
Director
$0 $0 $0
MARIA AYRES DIRECTOR 1.00
Director
$0 $0 $0
ROBERT W BAESLER DIRECTOR 1.00
Director
$0 $0 $0
DAVID BALL DIRECTOR 1.00
Director
$0 $0 $0
EDWARD BASHA III DIRECTOR 1.00
Director
$0 $0 $0
CRAIG BOYAN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL A BOZZUTO DIRECTOR 1.00
Director
$0 $0 $0
BRAD W BROOKSHIRE DIRECTOR 1.00
Director
$0 $0 $0
CHRIS COBORN DIRECTOR 1.00
Director
$0 $0 $0
JOHN DERDERIAN DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY M DEVANNEY DIRECTOR 1.00
Director
$0 $0 $0
RUDY DORY DIRECTOR 1.00
Director
$0 $0 $0
WESLEY EUBANKS DIRECTOR 1.00
Director
$0 $0 $0
TIM FIGGE DIRECTOR 1.00
Director
$0 $0 $0
LOUIS FISHER DIRECTOR 1.00
Director
$0 $0 $0
DON FITGERALD DIRECTOR 1.00
Director
$0 $0 $0
TONY GAVIN DIRECTOR 1.00
Director
$0 $0 $0
SHANE GRANT DIRECTOR 1.00
Director
$0 $0 $0
GREG GREGERSON DIRECTOR 1.00
Director
$0 $0 $0
DAVID HARDIMAN-EVANS DIRECTOR 1.00
Director
$0 $0 $0
THOMAS HEINEN DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY HUCKER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT P INGLE II DIRECTOR 1.00
Director
$0 $0 $0
DEAN JANEWAY JR DIRECTOR 1.00
Director
$0 $0 $0
DARRELL JONES DIRECTOR 1.00
Director
$0 $0 $0
TODD JONES DIRECTOR 1.00
Director
$0 $0 $0
NOAH KATZ DIRECTOR 1.00
Director
$0 $0 $0
GREGORY LONGSTREET DIRECTOR 1.00
Director
$0 $0 $0
BRANDT C LOUIE DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL T LUND III DIRECTOR 1.00
Director
$0 $0 $0
NORMAN C MAYNE DIRECTOR 1.00
Director
$0 $0 $0
ROB MCDOUGALL DIRECTOR 1.00
Director
$0 $0 $0
HENDRIK MEIJER DIRECTOR 1.00
Director
$0 $0 $0
DAVID MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
STEVEN OAKLAND DIRECTOR 1.00
Director
$0 $0 $0
OMAR G JORGE PENA DIRECTOR 1.00
Director
$0 $0 $0
ARTHUR POTASH DIRECTOR 1.00
Director
$0 $0 $0
JASON POTTER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL POTTHOFF DIRECTOR 1.00
Director
$0 $0 $0
PATRICK RAYBOULD DIRECTOR 1.00
Director
$0 $0 $0
RICHARD L RIESBECK DIRECTOR 1.00
Director
$0 $0 $0
JOHN ROSS DIRECTOR 1.00
Director
$0 $0 $0
TODD R SCHNUCK DIRECTOR 1.00
Director
$0 $0 $0
JACK SINCLAIR DIRECTOR 1.00
Director
$0 $0 $0
RANDALL J SKODA DIRECTOR 1.00
Director
$0 $0 $0
MARK SKOGEN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SLEEPER DIRECTOR 1.00
Director
$0 $0 $0
CARLOS A SMITH DIRECTOR 1.00
Director
$0 $0 $0
STEVEN C SMITH DIRECTOR 1.00
Director
$0 $0 $0
MARK SMUCKER DIRECTOR 1.00
Director
$0 $0 $0
MIKE STONE DIRECTOR 1.00
Director
$0 $0 $0
RUSS TORRES DIRECTOR 1.00
Director
$0 $0 $0
TOBIAS WASMUHT DIRECTOR 1.00
Director
$0 $0 $0
COLLEEN J WEGMAN DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN WEIS DIRECTOR 1.00
Director
$0 $0 $0
STEVEN WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
RICK WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
ARI LABELL DIRECTOR 1.00
Director
$0 $0 $0
PATRICK MEEHAN DIRECTOR 1.00
Director
$0 $0 $0
OLI MORTON DIRECTOR 1.00
Director
$0 $0 $0
JON NUDI DIRECTOR 1.00
Director
$0 $0 $0
NEIL STERN DIRECTOR 1.00
Director
$0 $0 $0
JIM WISPINSKI DIRECTOR 1.00
Director
$0 $0 $0
CORY ONELL DIRECTOR (AS OF 1/2023) 1.00
Director
$0 $0 $0
DAVID RICE DIRECTOR (AS OF 1/2023) 1.00
Director
$0 $0 $0
JOHN BAGAN DIRECTOR (AS OF 1/2023) 1.00
Director
$0 $0 $0
CHRIS FOLEY DIRECTOR (AS OF 1/2023) 1.00
Director
$0 $0 $0
SEAN MCMENAMIN DIRECTOR (AS OF 1/2023) 1.00
Director
$0 $0 $0
MELODY RICHARD DIRECTOR (AS OF 1/2023) 1.00
Director
$0 $0 $0
DAVID PARRY DIRECTOR (AS OF 1/2023) 1.00
Director
$0 $0 $0
BILL ARTMAN DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
JOHN CONLIN DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
MICHAEL D'AMOUR DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
GREG EDENFIELD DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
JERRY W FLEEMAN JR DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
JOHN HALL DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
JASON HART DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
DAN FUNK DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
MICHAEL C STIGERS DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
ERIC WINN DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
DEB CONKLIN DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
DAVE PEACOCK DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
MATT GREGORY DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
SARAH M FREY DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
VINIT PATEL DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
KAREN REID DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
PAMELA STEWART DIRECTOR (AS OF 9/2023) 1.00
Director
$0 $0 $0
LISA ROATH VICE CHAIR (UNTIL 7/2023) 1.00
Officer Director
$0 $0 $0
JOSEPH SHERIDAN PAST CHAIR (UNTIL 1/2023) 1.00
Director
$0 $0 $0
JOHN LANEY DIRECTOR (UNTIL 1/2023) 1.00
Director
$0 $0 $0
NEIL KUDRINKO DIRECTOR (UNTIL 3/2023) 1.00
Director
$0 $0 $0
LAURA KARET DIRECTOR (UNTIL 3/2023) 1.00
Director
$0 $0 $0
CHIEH HUANG DIRECTOR (UNTIL 6/2023) 1.00
Director
$0 $0 $0
BILL MOORE DIRECTOR (UNTIL 7/2023) 1.00
Director
$0 $0 $0
MATTHEW JONNA DIRECTOR (UNTIL 7/2023) 1.00
Director
$0 $0 $0
TERRY THOMAS DIRECTOR (UNTIL 7/2023) 1.00
Director
$0 $0 $0
BRANDON BARNHOLT DIRECTOR (UNTIL 9/2023) 1.00
Director
$0 $0 $0
KEVIN HOLT DIRECTOR (UNTIL 9/2023) 1.00
Director
$0 $0 $0
CHARLES L D'AMOUR DIRECTOR (UNTIL 9/2023) 1.00
Director
$0 $0 $0
RON EDENFIELD DIRECTOR (UNTIL 9/2023) 1.00
Director
$0 $0 $0
ROBERT PALMER DIRECTOR (UNTIL 9/2023) 1.00
Director
$0 $0 $0
BRIAN SAPPINGTON DIRECTOR (UNTIL 9/2023) 1.00
Director
$0 $0 $0
JACK SHAKOOR DIRECTOR (UNTIL 9/2023) 1.00
Director
$0 $0 $0
DAVID SMITH DIRECTOR (UNTIL 9/2023) 1.00
Director
$0 $0 $0
LEON BERGMANN DIRECTOR (UNTIL 9/2023) 1.00
Director
$0 $0 $0
LESLIE G SARASIN ESQ PRESIDENT 37.00
Officer
$3,228,539 $51,691 $3,280,230
SALVATORE J DICARLO TREASURER/CFO 37.00
Officer
$530,143 $84,799 $614,942
DAGMAR T FARR SECRETARY 38.00
Officer
$310,180 $49,684 $359,864
MARK BAUM SENIOR VICE PRESIDENT 38.00
Key Emp
$710,151 $50,366 $760,517
JENNIFER HATCHER SENIOR VICE PRESIDENT 38.00
Key Emp
$548,160 $77,155 $625,315
GIOVANNA VITA SENIOR VICE PRESIDENT 38.00
Key Emp
$401,209 $47,312 $448,521
HILARY THESMAR SENIOR VICE PRESIDENT 38.00
Key Emp
$366,186 $62,302 $428,488
DAVID FIKES SENIOR VICE PRESIDENT 19.00
Key Emp
$303,068 $61,004 $364,072
HEATHER GARLICH SENIOR VICE PRESIDENT 38.00
Key Emp
$339,854 $46,905 $386,759
RICHARD STEIN VICE PRESIDENT 38.00
Highest
$299,183 $37,067 $336,250
DOUGLAS BAKER VICE PRESIDENT 38.00
Highest
$267,186 $34,887 $302,073
CAROL ABEL VICE PRESIDENT 38.00
Highest
$272,436 $42,790 $315,226
MARGARET CORE VICE PRESIDENT 38.00
Highest
$259,559 $55,612 $315,171
TONI MASCARO VICE PRESIDENT 38.00
Highest
$261,148 $106,239 $367,387
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 $38,111,657 $35,135,461 $82,302,168 $2,976,196
2022 $44,861,167 $31,590,510 $71,568,568 $13,270,657
2021 $28,864,637 $26,972,011 $65,228,565 $1,892,626
2020 $29,650,994 $28,216,290 $55,413,786 $1,434,704
2018 $29,300,294 $28,033,514 $44,830,642 $1,266,780
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