FOOD RESCUE INC

EIN: 364637822 501(c)(3) Food, Agriculture & Nutrition

NOBLESVILLE, IN

Total Revenue
$85,824
Total Expenses
$132,685
Total Assets
$115,915
Net Assets
$115,915
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IN
Principal Officer
JOHN WILLIAMSON
Phone
3176944006
Tax Period
2020-01-01 to 2020-12-31

FOOD RESCUE INC, founded in 2008, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $86K in total revenue in fiscal year 2020. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $133K exceeded revenue, resulting in a 55% operating deficit.

Mission

FOOD RESCUE'S MISSION IS TO EMPOWER STUDENTS IN K-12 SCHOOLS TO LEAD FOOD RESCUE INITIATIVES WITHIN THE RICHARD RUSSEL NATIONAL SCHOOL LUNCH PROGRAM. . AFTER RESCUING OVER 7 MILLION DOLLARS OF RETAIL FOOD MAINLY IN RESTAURANTS IN 18 STATES FROM 2008 THROUGH 2010 USING THOUSANDS OF VOLUNTEERS, FOOD RESCUE DECIDED TO FOCUS ON 4 MAIN OBJECTIVES: . 1. BUILD A SUBSCRIBER BASE TO SPEAK TO THE ISSUE OF FOOD WASTE TO ENCOURAGE FOOD ESTABLISHMENTS TO ENGAGE IN FOOD RECOVERY PRACTICES, RATHER THAN WASTE SUCH A VALUABLE RESOURCE. . 2. EDUCATE CHILDREN IN SCHOOLS ABOUT LOCAL, NATIONAL, AND WORLD FOOD WASTE ISSUES BY PROVIDING FREE ONLINE EDUCATIONAL RESOURCES AND MENTORING TO DEVELOP A K-12 FOOD RESCUE PROGRAMS IN THEIR SCHOOLS. . 3. PROVIDE LOGISTICAL SUPPORT FOR FOOD PANTRIES AND FOOD ESTABLISHMENTS IN INDIANA. . 4. INSPIRE PEOPLE TO SUPPORT FOOD RECOVERY EFFORTS WHERE THEY EXIST IN THEIR COMMUNITIES, AND TO EDUCATE PEOPLE ABOUT THE PROCESS OF ESTABLISHING FOOD RECOVERY PROGRAMS WHERE THEY DO NO

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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 (2020)

Revenue Breakdown

Contributions & Grants $85,821
Program Service Revenue $0
Investment Income $3
Other Revenue $0
TOTAL REVENUE $85,824

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,761
Fundraising Expenses $12,900
Program Expenses $79,612
Other Expenses $16,924
TOTAL EXPENSES $132,685

Year-over-Year Comparison

2020 2019 Change
Revenue $85,824 $184,613 -0.5%
Expenses $132,685 $158,781 -0.2%
Net Income $-46,861 $25,832 -2.8%
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
7
Independent Members
6
Employees
4
Volunteers
500

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
$68,000
Total Directors
7
$68,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WILLIAMSON PRESIDENT/EX 40.00
Officer Director
$68,000 $0 $68,000
CAROLYN BROOKS BOARD OF DIR 1.00
Director
$0 $0 $0
AMBER CASH-HOOVER TREASURER 1.00
Officer Director
$0 $0 $0
TRACI DOSSETT BOARD OF DIR 1.00
Director
$0 $0 $0
MARK HUMPHREY BOARD OF DIR 1.00
Director
$0 $0 $0
ED INGLE BOARD OF DIR 1.00
Director
$0 $0 $0
BRYNDON PRESTON VICE PRESIDE 1.00
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
2020 $85,824 $132,685 $115,915 $-46,861
2019 $184,613 $158,781 $165,397 $25,832
2018 $536,064 $549,241 $137,458 $-13,177
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