FOOD TO POWER (FKA COLORADO SPRINGS FOOD RESCUE) (EIN 463665741) - 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

2013

Legal Domicile

Principal Officer

NICOLE NICOLETTA

Phone

7194702737

Tax Period

2023-01-01 to 2023-12-31

FOOD TO POWER (FKA COLORADO SPRINGS FOOD RESCUE), founded in 2013, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO CULTIVATE A HEALTHY, EQUITABLE FOOD SYSTEM IN THE GREATER COLORADO SPRINGS COMMUNITY THROUGH INTEGRATED NEIGHBORHOOD-BASED PROGRAMS PROMOTING FRESH FOOD ACCESS, EDUCATION, AND GROWING OPPORTUNITIES.TO CULTIVATE A HEALTHY, EQUITABLE FOOD SYSTEM IN THE GREATER COLORADO SPRINGS COMMUNITY THROUGH INTEGRATED NEIGHBORHOOD-BASED PROGRAMS PROMOTING FRESH FOOD ACCESS, EDUCATION, AND GROWING OPPORTUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,292,373

Program Service Revenue $83,335

Investment Income $1,778

Other Revenue $0

TOTAL REVENUE $2,377,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,011,535

Fundraising Expenses $211,304

Program Expenses $2,759,064

Other Expenses $2,203,042

TOTAL EXPENSES $3,214,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,377,486	$4,837,449	-0.5%
Expenses	$3,214,577	$3,342,970	0.0%
Net Income	$-837,091	$1,494,479	-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

N/A

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
PATRICIA CAMERON	CO-CHAIR	3.00	Director	$0	$0	$0
PATRICIA HANSON	MEMBER	3.00	Director	$0	$0	$0
DOMINQUE HARRIS	CO-CHAIR	3.00	Director	$0	$0	$0
SHANE LORY	TREASURER	3.00	Director	$0	$0	$0
NICOLE NICOLETTA	BOARD CHAIR	3.00	Director	$0	$0	$0
MAUDELINE OLSEN	SECRETARY	3.00	Director	$0	$0	$0
NIKI SOSA	MEMBER	3.00	Director	$0	$0	$0
PATIENCE KABWASA	EXECUTIVE DI	3.00	Officer	$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	No data	No data	No data	No data
2023	$2,377,486	$3,214,577	$2,662,336	$-837,091
2022	$4,837,449	$3,342,970	$3,421,961	$1,494,479
2022	$4,847,450	$3,353,641	$3,421,293	$1,493,809
2021	$2,887,106	$2,270,281	$1,938,511	$616,825
2021	$2,979,086	$2,248,598	$2,035,817	$730,488
2020	$2,274,743	$1,856,473	$1,378,642	$418,270
2020	$2,449,915	$2,057,090	$1,378,704	$392,825
2018	$2,089,073	$1,639,540	$599,175	$449,533

FOOD TO POWER (FKA COLORADO SPRINGS FOOD RESCUE)