Bloomington, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VEAP Inc, founded in 1973, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2024.
VEAP is a 501(c)(3) non-profit, multi-service, human service organization with the mission of "Together, we create pathways to stronger, more hopeful, communities through access to healthy food, housing stability and supportive services."
VEAP's Food and Basic Needs Program provides access to healthy, fresh foods for households experiencing food-insecurity. The program includes an on-site food pantry, mobile food pantry, student...
VEAP's Food and Basic Needs Program provides access to healthy, fresh foods for households experiencing food-insecurity. The program includes an on-site food pantry, mobile food pantry, student hunger initiative (supplemental food for school-age children), and food deliveries to seniors or individuals with mobility barriers. VEAP operates one of the largest food pantries in the state with 256,175 total Food and Basic Needs program services provided, including 33,724 express packs (one, 50-pound bag of groceries for walk-in visitors) in 2024. Of the nearly 4.7 million pounds of food that was distributed, over 40% was fresh fruits and vegetables. VEAP offers fresh fruits and vegetables, dairy, deli, bakery, and a variety of food choices that include protein, meats, canned goods, and non-perishable items. Participants may visit the on-site food pantry/mobile pantry as needed, typically 1-2 times per month.VEAP addresses transportation barriers to healthy food access by delivering food to 11,613 seniors or qualifying individuals. The mobile food pantry provides 51,942 individuals with access to healthy foods at designated sites in areas of high need located throughout VEAP's service area. Food is provided throughout the school year to 13,744 students in the Edina, Richfield, and Bloomington School Districts. VEAP's state-of-the-art commercial kitchen serves as a business incubation site for start-up businesses that produce food for market wholesale.
VEAP's Social Services Program provides caring, professional support to households experiencing food-insecurity, high-risk of eviction or homelessness, and financial crisis. Through a holistic...
VEAP's Social Services Program provides caring, professional support to households experiencing food-insecurity, high-risk of eviction or homelessness, and financial crisis. Through a holistic service delivery with housing stability at the center of our focus, services include housing advocacy, case management, referrals, resource navigation and coordination, and emergency financial assistance in the form of rent, deposit, or utility assistance and other assistance to maintain housing or employment. In 2024, VEAP provided $630,266 in financial assistance, including $596,225 for rent or utilities, $22,883 for rental deposits, $6,268 for transportation assistance, and $4,890 in grocery gift cards and other essential basic needs.Participants work with Social Services using a strengths-based, case management approach to prevent homelessness and stabilize income. Social Services staff meets with participants to complete an individualized assessment and provide financial assistance, supportive services, and navigation of community resources to help regain stability quickly.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $14,594,986 | $14,609,967 | 0.0% |
| Expenses | $14,965,133 | $14,448,577 | +0.0% |
| Net Income | $-370,147 | $161,390 | -3.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kari Thompson | CEO | 40.00 |
Officer
|
$187,422 | $21,254 | $208,676 |
| Ross Widmoyer | President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dion Evans | Vice President | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| Joe Bauer | Treasurer | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Molly McCormick | Co-Secretary | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| Shannon McCormick | Co-Secretary | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| Brianna Williamson | Co-Secretary | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| Margaret Brandt | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Katie Burns | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Anne Clarrissimeaux | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jim DeBuse | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Josh Gerber | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Tai Giwa | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Sara Hong | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Rebecca Johnson | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Shawn Nelson | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Laura Perrault | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jeff Rodgers | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Megan Rogers | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Corinne Shepherd | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jennifer Siedow | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Michelle Swanson | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Chris Westergaard | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $14,594,986 | $14,965,133 | $7,667,279 | $-370,147 |
| 2023 | $14,609,967 | $14,448,577 | $8,006,329 | $161,390 |
| 2022 | $16,186,207 | $16,223,392 | $7,922,083 | $-37,185 |
| 2021 | $16,891,199 | $17,105,053 | $8,119,973 | $-213,854 |
| 2020 | $17,321,534 | $15,142,965 | $8,523,564 | $2,178,569 |
| 2019 | $11,315,176 | $10,748,149 | $6,379,309 | $567,027 |
| 2018 | $9,379,602 | $9,397,411 | $5,911,455 | $-17,809 |
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