ARLINGTON, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FMI FOUNDATION, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $737K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $964K exceeded revenue, resulting in a 31% operating deficit.
FMI FOUNDATION (THE FOUNDATION) PROVIDES FUNDS TO HELP SUPPORT THE FOOD INDUSTRY'S IMPORTANT FOOD SAFETY, HEALTH AND NUTRITION PROGRAMS. THESE PROGRAMS PROTECT CONSUMERS FROM FOODBORNE ILLNESS AND ENCOURAGE HEALTHIER EATING. THESE PROGRAMS INCLUDE THE PARTNERSHIP FOR FOOD SAFETY EDUCATION, UNIFIED VOICE PROTOCOL AND THE FAMILY MEALS MONTH.
THE FOUNDATION'S GRANT PROGRAMS FOCUS ON CONSUMERS, STORE ASSOCIATES AND OTHER WORKERS, AS WELL AS FOOD SUPPLIERS TO ADVANCE NUTRITION, HEALTH AND FOOD SAFETY. THROUGH INTERACTION WITH THE NON-PROFIT...
THE FOUNDATION'S GRANT PROGRAMS FOCUS ON CONSUMERS, STORE ASSOCIATES AND OTHER WORKERS, AS WELL AS FOOD SUPPLIERS TO ADVANCE NUTRITION, HEALTH AND FOOD SAFETY. THROUGH INTERACTION WITH THE NON-PROFIT PARTNERSHIP FOR FOOD SAFETY EDUCATION, RESOURCES FROM THE FOUNDATION HAVE ENABLED THE PARTNERSHIP TO DEVELOP THE ONLY PUBLIC-PRIVATE COLLABORATIVE THAT FOCUSES EXCLUSIVELY ON THE PREVENTION OF FOODBORNE ILLNESS AT THE POINT OF CONSUMER HANDLING AND PREPARATION IN THE HOME. THE FOUNDATION ALSO GAVE GRANTS AND PAID OTHER EXPENSES RELATED TO THE UNIFIED VOICE PROTOCOL WHICH ESTABLISHES A FRAMEWORK TO PROACTIVELY CREATE AN ENVIRONMENT OF TRUST IN THE FOOD AND CONSUMER GOODS INDUSTRIES. THE FOUNDATION IS ALSO WORKING WITH JUNIOR ACHIEVEMENT US TO HELP PROMOTE THE FOOD INDUSTRY AS A PREFERRED CAREER CHOICE.THE FOUNDATION STARTED THE FAMILY MEALS CAMPAIGN TO ENCOURAGE ONE MORE MEAL AT HOME EACH WEEK. FAMILY MEALS EATEN AT HOME HAVE PROVEN TO BENEFIT THE HEALTH AND WELLNESS OF CHILDREN AND ADOLESCENTS, TO FIGHT OBESITY, SUBSTANCE ABUSE AND TO MAKE FAMILIES STRONGER. THE FOUNDATION IS PROVIDING ONLINE TOOLKITS THAT RETAILERS AND SUPPLIERS CAN USE TO PROMOTE FAMILY MEALS. THE TOOLKIT INCLUDES, RECIPES, PLANNING SUGGESTIONS, RECIPE LISTS AND MESSAGING ABOUT THE BENEFITS OF FAMILY MEALS.THE FOUNDATION PROVIDED SCHOLARSHIPS AND FUNDING TO UNIVERSITY SCIENCE PROGRAMS TO PROMOTE TRAINING FOR AUDITORS IN FOOD SAFETY IN AN ACCREDITED CERTIFICATION PROGRAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $736,933 | $937,449 | -0.2% |
| Expenses | $964,172 | $1,145,052 | -0.2% |
| Net Income | $-227,239 | $-207,603 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ART POTASH | CHAIR (AS OF 1/2023) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIFFANY MENYHART | TRUSTEE (AS OF 6/2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| PAM STEWART | TRUSTEE (AS OF 1/2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM WISPINSKI | TRUSTEE (AS OF 1/2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| DAGMAR BOGGS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRENT COTTEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEITH DAILEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN DAVIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MOLLY FOGARTY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS FOLEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN GEORGE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NEIL GOLUB | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| OSCAR GONZALEZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGIA VAN GUNDY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TODD JONES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK KEYES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| OLI MORTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH SHERIDAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE VAIL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIA WELLS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRAD W BROOKSHIRE | PAST CHAIR (AS OF 1/2023) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEOFF TANNER | TRUSTEE (UNTIL 4/2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| KIRK TANNER | TRUSTEE (UNTIL 12/2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| LESLIE G SARASIN | PRESIDENT | 1.00 |
Officer
|
$0 | $51,691 | $3,280,230 |
| SALVATORE J DICARLO | CFO/TREASURER | 1.00 |
Officer
|
$0 | $84,799 | $614,942 |
| DAVID FIKES | SENIOR VP/SECRETARY | 19.00 |
Officer
|
$0 | $61,004 | $364,072 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $736,933 | $964,172 | $12,161,980 | $-227,239 |
| 2022 | $937,449 | $1,145,052 | $10,601,900 | $-207,603 |
| 2021 | $1,743,076 | $948,753 | $12,637,016 | $794,323 |
| 2020 | $1,111,441 | $1,072,248 | $12,135,769 | $39,193 |
| 2018 | $1,184,899 | $986,080 | $9,464,140 | $198,819 |
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