FAREGROUND COMMUNITY KITCHEN INC (EIN 461049590) - 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

2012

Legal Domicile

Principal Officer

KARA DEAN-ASSAEL

Phone

8453757194

Tax Period

2024-01-01 to 2024-12-31

FAREGROUND COMMUNITY KITCHEN INC, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $245K in total revenue in fiscal year 2024. Revenue surged 280% from the prior year, signaling strong growth momentum. Expenses of $213K left a modest 13% surplus.

Mission

AS AN ANTI-HUNGER ORGANIZATION, DEDICATED TO NOURISHING THE COMMUNITY BY OPERATING FREE MARKETPLACES, COMMUNITY FRIDGES, TINY FOOD PANTRIES, AND OTHER PROGRAMS TO DISTRIBUTE FRESH AND PREPARED FOODS. FAREGROUND AIMS TO COLLABORATE TO SERVE THE COMMUNITY IN A VARIETY OF WAYS TO CREATE FAIR GROUND. WITH A FOCUS ON NOURISHING FOOD AND ACCESSIBILITY FOR ALL.

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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 $210,909

Program Service Revenue $0

Investment Income $40

Other Revenue $34,281

TOTAL REVENUE $245,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,726

Fundraising Expenses $0

Program Expenses $178,173

Other Expenses $102,188

TOTAL EXPENSES $212,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,230	$64,518	+2.8%
Expenses	$212,914	$115,722	+0.8%
Net Income	$32,316	$-51,204	-1.6%

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

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARA DEAN-ASSAEL	PRESIDENT	7.00	Officer Director	$0	$0	$0
MAGGIE DICKINSON	VICE-PRESIDE	4.00	Officer Director	$0	$0	$0
KAREN GEORGE	TREASURER	7.00	Officer Director	$0	$0	$0
JENNIFER CLAIR	SECRETARY	4.00	Officer Director	$0	$0	$0
PEGGY BASSALYGA	BOARD MEMBER	4.00	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
2024	$245,230	$212,914	$122,892	$32,316
2023	$64,518	$115,722	$89,760	$-51,204

FAREGROUND COMMUNITY KITCHEN INC