SAN FRANCISCO MARKET CORPORATION

EIN: 454849844 501(c)(3) Community Improvement

SAN FRANCISCO, CA

Total Revenue
$8,623,292
Total Expenses
$3,246,808
Total Assets
$65,190,460
Net Assets
$62,418,135
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
MICHAEL JANIS
Phone
4155504495
Tax Period
2024-01-01 to 2024-12-31

SAN FRANCISCO MARKET CORPORATION, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $8.6M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5.4M, a strong 62% operating margin.

Mission

THE SF MARKET'S MISSION IS TO CONNECT AND GROW NORTHERN CALIFORNIA'S FOOD AND AGRICULTURAL COMMUNITY FROM OUR WHOLESALE MARKET IN THE HEART OF SAN FRANCISCO AND TO ENSURE ALL SAN FRANCISCO BAY AREA COMMUNITIES HAVE RELIABLE ACCESS TO ABUNDANT FRESH PRODUCE. THE SF MARKET IS SAN FRANCISCO'S ORIGINAL AND ONLY WHOLESALE PRODUCE MARKET. AS A PILLAR OF THE BAY AREA'S FOOD ECONOMY AND A NON-PROFIT SOCIAL ENTERPRISE, THE MARKET PROVIDES THE CRITICAL INFRASTRUCTURE TO CONNECT RURAL CALIFORNIA FARMING COMMUNITIES WITH THE DIVERSE URBAN CENTER IN THE BAY AREA. LOCATED IN SAN FRANCISCO'S BAYVIEW HUNTERS POINT NEIGHBORHOOD, THE 25 ACRE CAMPUS IS HOME TO 20 INDIVIDUAL MERCHANTS WHO SUPPLY BAY AREA RESTAURANTS, GROCERS, CATERERS AND OTHER FOOD-RELATED BUSINESSES WITH A FULL SPECTRUM OF HIGH-QUALITY PRODUCE THAT SERVES A RANGE OF CULINARY AND CULTURAL PREFERENCES. THE MARKET SUPPORTS JOBS FOR OVER 500 PEOPLE IN THE PRODUCTION, DISTRIBUTION AND REPAIR (PDR) INDUSTRY. BEYOND MEETING THE PRODUCE NEEDS OF SAN FRANCISCO'S FOOD BUSINESSES, THE SF MARKET CREATES POSITIVE SOCIAL AND ENVIRONMENTAL IMPACT THROUGH ITS AWARDWINNING FOOD RECOVERY PROGRAM. PARTNERING WITH ITS MERCHANTS, THE SF MARKET RECOVERS FRESH SURPLUS PRODUCE THAT WOULD OTHERWISE GO TO WASTE AND REDISTRIBUTES IT TO COMMUNITY-BASED ORGANIZATIONS WHO DIRECTLY SERVE FOOD INSECURE COMMUNITIES ACROSS SAN FRANCISCO AND THE GREATER BAY AREA REGION. THIS EFFICIENT AND HIGHLY COST-EFFECTIVE PROGRAM IS THE LARGEST SINGLE SOURCE OF RECOVERED FOOD IN SAN FRANCISCO. SINCE ITS INCEPTION, THE FOOD RECOVERY PROGRAM HAS RECOVERED AND DONATED OVER 9 MILLION POUNDS OF FRESH PRODUCE THROUGH ITS COMMUNITY PARTNERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $79,670
Program Service Revenue $6,745,622
Investment Income $1,378,591
Other Revenue $419,409
TOTAL REVENUE $8,623,292

Expense Breakdown

Grants Paid $1,536
Salaries & Benefits $1,098,885
Fundraising Expenses $573,920
Program Expenses $1,884,382
Other Expenses $2,129,551
TOTAL EXPENSES $3,246,808

Year-over-Year Comparison

2024 2023 Change
Revenue $8,623,292 $14,700,544 -0.4%
Expenses $3,246,808 $3,278,506 0.0%
Net Income $5,376,484 $11,422,038 -0.5%
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
12
Independent Members
9
Employees
11
Volunteers
50

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
7
$292,861
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIRGINIA HINES PRESIDENT (TO 7/24) 1.00
Officer Director
$0 $0 $0
TIM THOMSON TREASURER (TO 7/24) 1.00
Officer Director
$0 $0 $0
ASHLEIGH HARRIS SECRETARY (TO 7/24) 1.00
Officer Director
$0 $0 $0
JOSHUA CALLAHAN DIRECTOR (TO 7/24) 1.00
Director
$0 $0 $0
LAURIE POSTON TREASURER (FROM 7/24) 1.00
Officer Director
$0 $0 $0
KEVIN COOK DIRECTOR 1.00
Director
$0 $0 $0
DAVID LEA DIRECTOR 1.00
Director
$0 $0 $0
VINCENT KORTA PRESIDENT 1.00
Officer Director
$0 $0 $0
JACK PIZZA MERCHANT, VICE PRESIDENT (TO 3/24) 1.00
Director
$0 $0 $0
LESLIE KRASNY SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN BARNETT DIRECTOR 1.00
Director
$0 $0 $0
LARRY BALESTRA MERCHANT 1.00
Director
$0 $0 $0
NANCY ANDREWS DIRECTOR (TO 7/24) 1.00
Director
$0 $0 $0
ROCHELLE ROSS DIRECTOR 1.00
Director
$0 $0 $0
ANDREW WIETSTOCK DIRECTOR (FROM 7/24) 1.00
Director
$0 $0 $0
JEANNE MYERSON DIRECTOR (FROM 7/24) 1.00
Director
$0 $0 $0
TERRY FEINBERG DIRECTOR (FROM 7/24) 1.00
Director
$0 $0 $0
RAY MAH MERCHANT (FROM 3/24) 1.00
Director
$0 $0 $0
MICHAEL JANIS GENERAL MANAGER 40.00
Officer
$255,025 $37,836 $292,861
AMY BRANNER DIRECTOR, FUND DEVELOPMENT 40.00
Highest
$176,301 $25,985 $202,286
ELIZABETH YU CONTROLLER 40.00
Highest
$129,971 $26,602 $156,573
SERGIO SOLIS OPERATIONS MANAGER 40.00
Highest
$101,392 $23,799 $125,191
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 $8,623,292 $3,246,808 $65,190,460 $5,376,484
2023 $14,700,544 $3,278,506 $59,808,801 $11,422,038
2022 $6,875,416 $4,042,271 $49,737,336 $2,833,145
2021 $7,265,361 $5,255,209 $53,213,177 $2,010,152
2020 $9,466,555 $5,981,457 $51,659,143 $3,485,098
2019 $5,900,919 $4,289,221 $58,200,464 $1,611,698
2018 $5,971,466 $4,245,770 $55,315,349 $1,725,696
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