PROVEG INTERNATIONAL INC

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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

2014

Legal Domicile

Principal Officer

PHOENIX SAGE

Phone

2023019546

Tax Period

2024-01-01 to 2024-12-31

PROVEG INTERNATIONAL INC, founded in 2014, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 21% operating margin.

Mission

TO ACCELERATE THE TRANSITION TO A SUSTAINABLE GLOBAL FOOD SYSTEM BY MAKING PLANT-RICH FOODS AND ALTERNATIVE PROTEINS MORE ACCESSIBLE AND APPEALING.

Program Service Accomplishments

Program 1

Expenses: $2,720,253

PROVEG GRANTS: THE PROVEG GRANTS PROGRAM IS ACCELERATING THE TRANSFORMATION OF OUR FOOD SYSTEM BY PROVIDING SUPPORT FOR ORGANIZATIONS INVOLVED IN THIS VITAL WORK. SINCE 2019, PROVEG INTERNATIONAL HAS PROVIDED MORE THAN 500 GRANTS TO ORGANIZATIONS AND INDIVIDUALS IN OVER 70 COUNTRIES. WE PROVIDE BOTH FINANCIAL SUPPORT AND ASSISTANCE WITH CAPACITY-BUILDING.ACCOMPLISHMENTS: 98 PROVEG GRANTS WERE ALLOCATED IN 53 DIFFERENT COUNTRIES.

Program 2

Expenses: $585,203

INCUBATOR PROGRAMMATIC INVESTMENTS: THE PROVEG INCUBATOR, ESTABLISHED IN NOVEMBER 2018 IN BERLIN, IS THE WORLD'S FIRST AND LEADING INCUBATOR DEDICATED TO STARTUPS INNOVATING IN PLANT-BASED...

INCUBATOR PROGRAMMATIC INVESTMENTS: THE PROVEG INCUBATOR, ESTABLISHED IN NOVEMBER 2018 IN BERLIN, IS THE WORLD'S FIRST AND LEADING INCUBATOR DEDICATED TO STARTUPS INNOVATING IN PLANT-BASED, FERMENTATION, AND CULTIVATED-FOOD TECHNOLOGIES. THE UNIQUE PROGRAMME IS HELPING PIONEERING COMPANIES DEVELOP DISRUPTIVE ALTERNATIVES TO ANIMAL-BASED PRODUCTS AND INGREDIENTS.

Program 3

Expenses: $324,171

POLICY/ADVOCACY: PROVEG ADVOCATES AND COMMUNICATES THE POTENTIAL OF THE TRANSITION TO MORE PLANT-BASED FOODS AND LIFESTYLES FOR ADDRESSING CRUCIAL TOPICS SUCH AS THE SUSTAINABILITY OF FOOD SYSTEMS...

POLICY/ADVOCACY: PROVEG ADVOCATES AND COMMUNICATES THE POTENTIAL OF THE TRANSITION TO MORE PLANT-BASED FOODS AND LIFESTYLES FOR ADDRESSING CRUCIAL TOPICS SUCH AS THE SUSTAINABILITY OF FOOD SYSTEMS, THE ECONOMIC VIABILITY OF FARMERS' LIVELIHOODS, NUTRITION AND HEALTH ASPECTS AS WELL AS ENVIRONMENTAL PROTECTION, CLIMATE PROTECTION, AND RESOURCE CONSERVATION.

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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 $6,310,973

Program Service Revenue $0

Investment Income $38,947

Other Revenue $411

TOTAL REVENUE $6,350,331

Expense Breakdown

Grants Paid $2,732,363

Salaries & Benefits $446,056

Fundraising Expenses $174,906

Program Expenses $4,259,266

Other Expenses $1,729,866

TOTAL EXPENSES $5,007,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,350,331	$8,155,427	-0.2%
Expenses	$5,007,483	$4,320,921	+0.2%
Net Income	$1,342,848	$3,834,506	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$95,458

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN MONCRIEF	CHAIR/PRESIDENT/TREASURER	0.50	Officer Director	$0	$0	$0
TOBIAS LEENAERT	BOARD SECRETARY	0.25	Officer Director	$0	$0	$0
FELIX HNAT	BOARD DIRECTOR	0.25	Director	$0	$0	$0
SEBASTIAN JOY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
PHOENIX SAGE	US DIRECTOR OF OPERATIONS & FINANCE	40.00	Officer	$85,873	$9,585	$95,458

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	$6,350,331	$5,007,483	$9,799,705	$1,342,848
2023	$8,155,427	$4,320,921	$9,890,534	$3,834,506
2022	$4,848,403	$3,242,282	$5,874,075	$1,606,121
2021	$2,872,668	$1,879,396	$4,318,349	$993,272
2020	$3,924,092	$2,648,681	$3,267,639	$1,275,411
2019	$2,698,180	$2,252,088	$2,443,056	$446,092