LOAVES AND FISHES TOO (EIN 411421522) - 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

1982

Legal Domicile

Principal Officer

KILEY BENSON

Phone

6123779810

Tax Period

2023-10-01 to 2024-09-30

LOAVES AND FISHES TOO, founded in 1982, is a mid-sized nonprofit that reported $30.8M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

LOAVES AND FISHES SERVES MILLIONS OF FREE, HEALTHY MEALS TO ANYONE IN NEED IN MINNESOTA EACH YEAR. OUR PROGRAMMING IS DIVIDED INTO THREE CORE PILLARS: FREE MEAL PROGRAMMING, FOOD WASTE REDUCTION, AND COMMUNITY PARTNERSHIPS.

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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 $29,336,782

Program Service Revenue $1,374,715

Investment Income $51,514

Other Revenue $16,388

TOTAL REVENUE $30,779,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,568,752

Fundraising Expenses $418,653

Program Expenses $30,095,201

Other Expenses $28,655,580

TOTAL EXPENSES $31,224,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,779,399	$22,746,665	+0.4%
Expenses	$31,224,332	$23,543,083	+0.3%
Net Income	$-444,933	$-796,418	-0.4%

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

7500

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

$132,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN LARSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JJ SCHLANGEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL JONIKAS	TREASURER	1.00	Officer Director	$0	$0	$0
CATHERINE HOLMGREN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDY NELSON	DIRECTOR (OUTGOING)	1.00	Director	$0	$0	$0
AUDREY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BOB CHENEY	DIRECTOR	1.00	Director	$0	$0	$0
CONNOR O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
JENNY AQUIRRE	DIRECTOR	1.00	Director	$0	$0	$0
JUDY KULSRUD	DIRECTOR	1.00	Director	$0	$0	$0
KURT SWIECICHOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA VAN HANDEL	DIRECTOR	1.00	Director	$0	$0	$0
KILEY BENSON	EXECUTIVE DIRECTOR	40.00	Officer	$121,011	$11,780	$132,791

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	$30,779,399	$31,224,332	$3,188,134	$-444,933
2023	$22,746,665	$23,543,083	$3,249,150	$-796,418
2022	$16,914,107	$16,747,416	$3,115,256	$166,691
2021	$16,298,899	$14,962,761	$3,481,660	$1,336,138
2020	$10,730,973	$9,827,086	$2,257,277	$903,887
2019	$5,057,513	$4,829,551	$1,053,512	$227,962
2018	$4,366,261	$4,219,406	$811,406	$146,855

LOAVES AND FISHES TOO