FOOD & FRIENDS 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

1989

Legal Domicile

Principal Officer

CARRIE STOLTZFUS

Phone

2022692277

Tax Period

2023-10-01 to 2024-09-30

FOOD & FRIENDS INC, founded in 1989, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $23.4M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.3M, a strong 36% operating margin.

Mission

TO IMPROVE THE LIVES AND HEALTH OF PEOPLE WITH HIV/AIDS, CANCER, AND OTHER SERIOUS ILLNESSES BY PREPARING AND DELIVERING (FREE OF CHARGE) SPECIALIZED MEALS AND GROCERIES, PROVIDING NUTRITIONAL COUNSELING, AND REDUCING SOCIAL ISOLATION.

Program Service Accomplishments

Program 1

Expenses: $10,766,630 Revenue: $2,706,692

IN FY 2024, FOOD & FRIENDS STAFF AND 4358 VOLUNTEERS PREPARED, PACKAGED, AND HOME-DELIVERED OVER 1,600,000 MEDICALLY TAILORED MEALS TO APPROXIMATELY 5,300 ADULTS AND CHILDREN LIVING WITH HIV/AIDS...

IN FY 2024, FOOD & FRIENDS STAFF AND 4358 VOLUNTEERS PREPARED, PACKAGED, AND HOME-DELIVERED OVER 1,600,000 MEDICALLY TAILORED MEALS TO APPROXIMATELY 5,300 ADULTS AND CHILDREN LIVING WITH HIV/AIDS, CANCER, AND OTHER LIFE-CHALLENGING ILLNESSES. FOOD & FRIENDS STAFF AND VOLUNTEERS ALSO PROVIDED MEALS FOR THE CAREGIVERS AND DEPENDENTS OF THE CLIENTS IT SERVES, WHO ARE OFTEN THE PROVIDERS FOR THEIR FAMILIES AND CAN'T PERFORM THE ACTIVITIES OF DAILY LIVING. FOOD & FRIENDS' FRESHLY PREPARED, LIFE-SUSTAINING MEALS ARE DESIGNED BY PROFESSIONAL CHEFS AND DIETITIANS AND DELIVERED FREE OF CHARGE TO RECIPIENTS THANKS TO CARING DONORS, FUNDING FROM STATE AND LOCAL GOVERNMENTS, AND CORPORATE SPONSORSHIPS.

Program 2

Expenses: $934,928 Revenue: $0

IN FY 2024, FOOD & FRIENDS' COMMUNITY DIETITIANS WORKED ONE-ON-ONE WITH SERIOUSLY ILL CLIENTS TO PROVIDE THEM WITH MEDICAL NUTRITION THERAPY, PROVIDING: 1,402 NUTRITION ASSESSMENTS TO FOOD & FRIENDS' CLIENTS LIVING WITH LIFE-CHALLENGING ILLNESSES. THIS NUTRITION COUNSELING TYPICALLY INCLUDES A PROFESSIONAL EVALUATION OF A CLIENT'S HEALTH STATUS, A DIET ANALYSIS, AND IN-DEPTH MEDICAL NUTRITION THERAPY TAILORED TO EACH CLIENT'S NEEDS. THESE SERVICES ARE ALSO FREE OF CHARGE TO RECIPIENTS, AND IN TANDEM WITH FOOD & FRIENDS' MEAL DELIVERIES, REDUCE SOCIAL ISOLATION, IMPROVE MENTAL HEALTH, AND CREATE SUPPORTIVE HUMAN BONDS. FOOD & FRIENDS CULTIVATES RELATIONSHIPS AND FACILITATES A CARING COMMUNITY THAT SURROUNDS ITS CLIENTS IN ORDER TO PROVIDE A POSITIVE IMPACT.

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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 $20,579,349

Program Service Revenue $2,706,692

Investment Income $488,510

Other Revenue $-416,177

TOTAL REVENUE $23,358,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,125,028

Fundraising Expenses $2,447,305

Program Expenses $11,701,558

Other Expenses $7,614,921

TOTAL EXPENSES $15,049,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,358,374	$15,988,388	+0.5%
Expenses	$15,049,374	$14,726,718	+0.0%
Net Income	$8,309,000	$1,261,670	+5.6%

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

4358

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

$972,164

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL THORNE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JENNIFER TROCK	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOAN LYNCH	TREASURER	5.00	Officer Director	$0	$0	$0
GILLIAN ATHEY	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID ASTROVE	DIRECTOR	1.00	Director	$0	$0	$0
JILL BALDWIN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BALDWIN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BENTO	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE BOWENS	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN BUCKLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOY CANDELIERI	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CUTLER	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE FONG	DIRECTOR	1.00	Director	$0	$0	$0
FERNANDO GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
PETER GLASSMAN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA LERNER	DIRECTOR	1.00	Director	$0	$0	$0
ADAM PETERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCHOFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JOE MALONEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SHOCKEY	DIRECTOR	1.00	Director	$0	$0	$0
VALETA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
RICK STAMBERGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN F WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE STOLTZFUS	CHIEF EXECUTIVE OFFICER	46.00	Officer	$293,089	$35,768	$328,857
GEORGE BEDNAR	CHIEF OPERATING OFFICER	49.00	Officer	$226,692	$28,935	$255,627
CAROLYN SCHMIDT	CHIEF DEVELOPMENT OFFICER	48.00	Officer	$188,215	$21,971	$210,186
LESLEY WOOLEY	CHIEF PROGRAM OFFICER	51.00	Officer	$165,322	$12,172	$177,494
LUCAS GINN	CHIEF HUMAN RESOURCES OFFICER	42.00	Highest	$150,627	$16,760	$167,387
MARILYN TURNER	DIRECTOR OF DEVELOPMENT	43.00	Highest	$150,166	$18,970	$169,136
LISA HUFFMAN	DIRECTOR OF DEVELOPMENT	42.00	Highest	$137,937	$19,050	$156,987
THOMAS ZAREMBKA	PARTNERSHIPS DIRECTOR	40.00	Highest	$127,730	$16,592	$144,322
DANIEL CONWAY	WEEKEND & DELIVERY OPERATIONS DIR	44.00	Highest	$119,455	$15,929	$135,384

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	$23,358,374	$15,049,374	$35,223,888	$8,309,000
2023	$15,988,388	$14,726,718	$26,227,272	$1,261,670
2022	$14,662,587	$12,874,271	$24,797,214	$1,788,316
2021	$19,087,922	$11,363,484	$23,489,315	$7,724,438
2020	$13,535,914	$10,570,639	$16,389,037	$2,965,275
2020	$13,535,914	$10,570,639	$16,389,037	$2,965,275
2019	$11,059,271	$10,233,449	$12,746,690	$825,822
2018	$9,764,784	$9,474,377	$12,941,483	$290,407