Food for Thought 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

2008

Legal Domicile

Principal Officer

Marlene A Maffei

Phone

7758857770

Tax Period

2019-01-01 to 2019-12-31

Food for Thought Inc, founded in 2008, is a small nonprofit in the Human Services sector that reported $186K in total revenue in fiscal year 2019. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $160K left a modest 14% surplus.

Mission

To provide food for needy school aged children in the Carson City area in order to ensure adequate nutrition for these children thus enhancing their ability to learn.

Program Service Accomplishments

Program 1

Expenses: $104,953

During 2019, FFT again conducted its Backpack program. This program discreetly provides a nutritious bag of food each Friday to children attending our local schools. These children participate in...

During 2019, FFT again conducted its Backpack program. This program discreetly provides a nutritious bag of food each Friday to children attending our local schools. These children participate in free and reduced meal programs during the school week, but are at risk for food insecurity on the weekend. Each food bag is placed in the childs backpack for weekend consumption. The food provided is kid friendly and requires no refrigeration, stoves, dishes, or flatware. During the 2019 calendar year, FFT provided 11,357 bags of food through this program. This program started in 2006.

Program 2

Expenses: $19,809

During the 2019 school break FFT conducted the Summer Food Service Program SFSP. This program provided free meals to children ages 2-18 Monday-Friday at three serving locations. These locations were selected due to their proximity to elementary schools with high incidences of students receiving free meals during the school year. Consequently, the children receiving meals through the SFSP are likely the same children participating in the school meal programs. During this period 2,801 free meals and 266 snacks were served at these three sites. Without this program, these children might not have received adequate nutrition during the school break. This was the 7th year we have conducted this program.

Program 3

Expenses: $3,097

CHOP Carson High Options Program, also known as Grab-N-Go started at Carson High School in March 2018. The program delivers lunches 4 days a week to students participating in the afternoon...

CHOP Carson High Options Program, also known as Grab-N-Go started at Carson High School in March 2018. The program delivers lunches 4 days a week to students participating in the afternoon alternative education program. the kids come to school after regular school lets out -- too late for receiving a regular lunch. In 2019 1,495 meals were delivered.

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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 (2019)

Revenue Breakdown

Contributions & Grants $184,628

Program Service Revenue $0

Investment Income $1,315

Other Revenue $0

TOTAL REVENUE $185,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,250

Fundraising Expenses $7,273

Program Expenses $127,859

Other Expenses $88,758

TOTAL EXPENSES $160,008

Year-over-Year Comparison

	2019	2018	Change
Revenue	$185,943	$171,979	+0.1%
Expenses	$160,008	$180,486	-0.1%
Net Income	$25,935	$-8,507	-4.0%

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

$41,438

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marlene A Maffei	Executive Director	020.00	Officer	$41,438	$0	$41,438
Mike Walker	President	001.00	Director	$0	$0	$0
Christine Slothower	Vice-President	001.00	Director	$0	$0	$0
Lynette Conrad	Secretary	001.00	Director	$0	$0	$0
Carrie Ayarbe	Treasurer	001.00	Director	$0	$0	$0
Gina Session	Director	001.00	Director	$0	$0	$0
Jeff Maples	Vice-President	001.00	Director	$0	$0	$0
Nancy Yamamoto	Director	001.00	Director	$0	$0	$0
Ananda Campbell	Director	001.00	Director	$0	$0	$0
Mike Pavalakis	Director	001.00	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
2019	$185,943	$160,008	$175,076	$25,935
2018	$171,979	$180,486	$149,141	$-8,507