FEED MORE INC (EIN 541150923) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

KIM KUGELMAN

Phone

8045212500

Tax Period

2024-07-01 to 2025-06-30

FEED MORE INC, founded in 1980, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $61.3M in total revenue in fiscal year 2018. Expenses of $59.1M left a modest 4% surplus.

Mission

FEEDMORE'S MISSION IS TO FIGHT HUNGER IN CENTRAL VIRGINIA. WE ARE THE CORE HUNGER RELIEF ORGANIZATION SERVING CHILDREN, FAMILIES, AND SENIORS WITHIN OUR 34 CITY AND COUNTY SERVICE AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $86,288,156

Program Service Revenue $6,264,260

Investment Income $3,603,274

Other Revenue $25,041

TOTAL REVENUE $96,180,731

Expense Breakdown

Grants Paid $74,261,678

Salaries & Benefits $9,462,412

Fundraising Expenses $1,524,091

Program Expenses $88,935,132

Other Expenses $8,136,504

TOTAL EXPENSES $91,860,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,180,731	$105,948,189	-0.1%
Expenses	$91,860,594	$88,988,552	+0.0%
Net Income	$4,320,137	$16,959,637	-0.7%

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

165

Volunteers

3243

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

$1,677,185

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN ASPINALL	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BORTELL	DIRECTOR	2.00	Director	$0	$0	$0
TAMARA CHARITY-BROWN	DIRECTOR	2.00	Director	$0	$0	$0
KAREN KINSLOW	DIRECTOR	2.00	Director	$0	$0	$0
PINKAJ KLOKKENGA	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
CLAIRE MILLER	DIRECTOR	2.00	Director	$0	$0	$0
GAUTAM PURANIK	DIRECTOR	2.00	Director	$0	$0	$0
RYAN MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH REID III	DIRECTOR	2.00	Director	$0	$0	$0
COLIN RUH	SECRETARY	2.00	Officer Director	$0	$0	$0
CINDY VIENER	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN S DAVIS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KEITH SHEEHAN	TREASURER	2.00	Officer Director	$0	$0	$0
DOUGLAS PICK	CHIEF EXECUTIVE OFFICER	40.00	Officer	$330,838	$34,183	$365,021
TAMMY CUMMINGS	CAO & CHRO	40.00	Officer	$211,330	$14,818	$226,148
AARON MCCLUNG	CDO	40.00	Officer	$209,723	$14,655	$224,378
SARAH GRAVITT-BAESE	CMO	40.00	Officer	$208,039	$36,987	$245,026
MICHAEL KENNY SR	COO	40.00	Officer	$201,880	$14,414	$216,294
KIM KUGELMAN	CFO	32.00	Officer	$167,918	$20,139	$188,057
DAVID WAIDELICH	CCPO	40.00	Officer	$198,222	$14,039	$212,261
DORA ELLIS	FINANCIAL CONTROLLER	40.00	Highest	$126,773	$8,661	$135,434
AMORY JAMES	DIR OF CK AND MOW	40.00	Highest	$102,069	$11,387	$113,456
DARNELL BROWN	DIR OF OPERATIONS	40.00	Highest	$122,752	$7,496	$130,248

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
2025	$96,180,731	$91,860,594	$78,250,579	$4,320,137
2024	$105,948,189	$88,988,552	$78,590,835	$16,959,637
2023	$89,033,143	$83,145,990	$51,756,019	$5,887,153
2022	$83,224,269	$82,480,639	$45,221,610	$743,630
2021	$105,093,575	$93,842,494	$47,805,771	$11,251,081
2020	$74,729,160	$70,003,279	$34,449,579	$4,725,881
2019	$61,272,732	$59,067,656	$28,929,394	$2,205,076

FEED MORE INC