FAIR FOOD FUND

EIN: 461555654 Food, Agriculture & Nutrition

DETROIT, MI

Total Revenue
$108,436
Total Expenses
$183,277
Total Assets
$4,492,463
Net Assets
$1,146,493
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MI
Principal Officer
KATE KRAUSS
Phone
7342133999
Tax Period
2024-01-01 to 2024-12-31

FAIR FOOD FUND, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $108K in total revenue in fiscal year 2024. Revenue surged 725% from the prior year, signaling strong growth momentum. Expenses of $183K exceeded revenue, resulting in a 69% operating deficit.

Mission

TO BUILD A MORE SUSTAINABLE FOOD SYSTEM BY MAKING INVESTMENTS IN FOOD ENTERPRISES THAT ADVANCE HEALTHY FOOD ACCESS, JOB CREATION, FAMILY FARM VIABILITY, AND GREATER RACIAL AND SOCIAL EQUITY, AND DO NOT HAVE SUFFICIENT ACCESS TO TRADITIONAL FINANCING SOURCES.

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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 $0
Program Service Revenue $1,206
Investment Income $110,255
Other Revenue $-3,025
TOTAL REVENUE $108,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $183,277
Other Expenses $183,277
TOTAL EXPENSES $183,277

Year-over-Year Comparison

2024 2023 Change
Revenue $108,436 $13,147 +7.2%
Expenses $183,277 $218,673 -0.2%
Net Income $-74,841 $-205,526 -0.6%
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

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
4

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
4
$235,336
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE KRAUSS CEO 0.00
Officer
$235,336 $0 $235,336
GARY APPEL SECRETARY 1.00
Officer Director
$0 $0 $0
DAN WARMELS TREASURER 0.00
Officer Director
$0 $0 $0
W DEWAYNE WELLS VICE PRESIDENT 0.00
Officer 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 $108,436 $183,277 $4,492,463 $-74,841
2023 $13,147 $218,673 $4,567,305 $-205,526
2022 $120,680 $34,050 $4,583,152 $86,630
2021 $879,097 $10,160 $3,114,911 $868,937
2020 $28,128 $19,657 $2,762,083 $8,471
2019 $66,635 $31,390 $3,174,375 $35,245
2018 $106,570 $33,676 $3,042,519 $72,894
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