THE MANNA FOOD PROJECT INC DBA - THE MANNA FOOD PROJECT (EIN 382764533) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

CARRIE KLINGELSMITH

Phone

2313478852

Tax Period

2024-01-01 to 2024-12-31

THE MANNA FOOD PROJECT INC DBA - THE MANNA FOOD PROJECT, founded in 1987, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 11% surplus.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE NUTRITIOUS FOOD AND ACCESS TO OTHER RESOURCES FOR ANYONE FACING FOOD INSECURITY IN NORHTERN MICHIGAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,291,253

Program Service Revenue $430,447

Investment Income $64,746

Other Revenue $10,346

TOTAL REVENUE $2,796,792

Expense Breakdown

Grants Paid $911,835

Salaries & Benefits $515,628

Fundraising Expenses $70,974

Program Expenses $2,215,468

Other Expenses $1,074,407

TOTAL EXPENSES $2,501,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,796,792	$2,624,887	+0.1%
Expenses	$2,501,870	$2,198,754	+0.1%
Net Income	$294,922	$426,133	-0.3%

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

198

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

$113,540

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
DAN LEDINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
BILL MCMASTER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN MEISEL	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SHUMAN	DIRECTOR	1.00	Director	$0	$0	$0
LARRY DEWITT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CONKLIN	DIRECTOR	1.00	Director	$0	$0	$0
TOM SQUIRES	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID DONOVAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE NUORALA	TREASURER	1.00	Officer Director	$0	$0	$0
MELANIE MEENGS	SECRETARY	1.00	Officer Director	$0	$0	$0
CARRIE KLINGELSMITH	EXECUTIVE DIRECTOR	40.00	Officer	$110,233	$3,307	$113,540

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	$2,796,792	$2,501,870	$3,144,659	$294,922
2023	$2,624,887	$2,198,754	$2,800,901	$426,133
2022	$1,723,388	$1,764,658	$2,354,082	$-41,270
2021	$1,886,938	$1,577,270	$2,499,254	$309,668
2020	$2,315,524	$1,767,151	$2,111,371	$548,373
2019	$1,763,750	$1,694,202	$1,458,185	$69,548
2018	$1,929,088	$1,889,309	$1,348,362	$39,779

THE MANNA FOOD PROJECT INC DBA - THE MANNA FOOD PROJECT