FEEDNC

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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

1994

Legal Domicile

Principal Officer

JEFF SMITH

Phone

7046609010

Tax Period

2024-01-01 to 2024-12-31

FEEDNC, founded in 1994, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $5.0M left a modest 8% surplus.

Mission

SINCE 1994 FEEDNC HAS BEEN A PLACE OF ACCEPTANCE AND COMPASSION. OUR MISSION IS TO PROVIDE NOURISHING MEALS, FELLOWSHIP AND ENCOURAGEMENT TO THOSE IN NEED. WE RECEIVE NO GOVERNMENT FUNDS AND DEPEND 100% ON COMMUNITY SUPPORT. WITHOUT GOVERNMENT RESTRICTIONS, WE OFFER OUR SERVICES TO ANYONE IN NEED WITH NO MINIMUM OR MAXIMUM REQUIREMENTS. WE ARE A FAMILY AND NOT AN AGENCY, WHERE EVERYONE IS WELCOME. AT THE KITCHEN, WE SERVE BREAKFAST AND LUNCH TO AROUND 150 NEIGHBORS EACH DAY. OUR PHILOSOPHY OF ACCEPTANCE AND ENCOURAGEMENT EXTENDS INTO OUR COMMUNITY FEEDING PROGRAMS. THESE PROGRAMS, THROUGHOUT IREDELL COUNTY, SERVE OUR VETERANS, SENIORS, CHILDREN AND THE WORKING POOR. THROUGH OUR MANY PROGRAMS, WE PROVIDED OVER 75,000 MEALS IN 2023. WE ALSO PROVIDE EMERGENCY FOOD BOXES FOR THOSE IN CRISIS AND OTHER RESOURCES TO HELP THEM MOVE BEYOND THE CRISIS.

Program Service Accomplishments

Program 1

Expenses: $4,110,832

SOUP KITCHEN, SERVICE OF MEALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,415,943

Program Service Revenue $0

Investment Income $67,131

Other Revenue $0

TOTAL REVENUE $5,483,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,098,185

Fundraising Expenses $299,741

Program Expenses $4,110,832

Other Expenses $3,921,667

TOTAL EXPENSES $5,019,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,483,074	$5,066,484	+0.1%
Expenses	$5,019,852	$4,514,662	+0.1%
Net Income	$463,222	$551,822	-0.2%

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

3839

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

$127,723

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIO CAMPOS	SECRETARY/DIRECTOR	4.00	Officer Director	$0	$0	$0
MARK WELCH	CHAIR/DIRECTOR	4.00	Officer Director	$0	$0	$0
JEFF SMITH	TREASURER/DIRECTOR	4.00	Officer Director	$0	$0	$0
NICOLE DEAL	VICE-CHAIR/DIRECTOR	4.00	Officer Director	$0	$0	$0
STEPHANIE BYERS	DIRECTOR	4.00	Director	$0	$0	$0
RON KARNS	DIRECTOR	4.00	Director	$0	$0	$0
STEVE HOWARD	DIRECTOR	4.00	Director	$0	$0	$0
TOM GALBO	DIRECTOR	4.00	Director	$0	$0	$0
PRESTON CRABILL	DIRECTOR	4.00	Director	$0	$0	$0
JOHN CHIRONNA	DIRECTOR	4.00	Director	$0	$0	$0
ROBERT ALLEN	DIRECTOR	4.00	Director	$0	$0	$0
JEFF AUTRY	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL GOUDREAULT	DIRECTOR	4.00	Director	$0	$0	$0
LISA QUALLS	DIRECTOR	4.00	Director	$0	$0	$0
ANNE REGNERY	DIRECTOR	4.00	Director	$0	$0	$0
CHRIS STEINER	DIRECTOR	4.00	Director	$0	$0	$0
LARA INGRAM	EXECUTIVE DIRECTOR	40.00	Director	$127,723	$0	$127,723

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	No data	No data	No data	No data
2024	$5,483,074	$5,019,852	$12,052,805	$463,222
2023	$5,066,484	$4,514,662	$11,661,414	$551,822
2022	$6,485,748	$2,617,641	$9,931,196	$3,868,107
2021	$5,139,586	$2,597,139	$4,652,896	$2,542,447
2020	$3,071,466	$2,283,352	$2,103,641	$788,114
2019	$1,896,422	$1,888,703	$1,321,836	$7,719
2018	$1,896,766	$1,859,823	$1,305,924	$36,943