Kitchen Food Ventures 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

Cherie Beasley

Tax Period

2023-01-01 to 2023-12-31

Kitchen Food Ventures Inc, founded in 2008, is a small nonprofit in the Employment sector that reported $109K in total revenue in fiscal year 2023. Expenses of $183K exceeded revenue, resulting in a 67% operating deficit.

Mission

Provided professional kitchen services and training

Program Service Accomplishments

Program 1

Expenses: $163,204 Revenue: $109,058

KFV met its goals of 75 and provided technical assistance and training to 75 low-income entrepreneurs/farmers through webinars, workshops and training seminars. 52 business plans were created, and 3 businesses launched. KFV provided computer training to 41 farmers in the Inland Empire who now have a working knowledge of how to operate a laptop computer. Additionally, 41 laptops were given away to farmers that completed all 10 classes. KFV COULD NOT provide Culinary 101 Basics to youth in the inner city of Los Angeles due to schools being closed as a direct result of COVID19. Hoping to resume this training January 2023+

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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 $104,300

Program Service Revenue $4,758

Investment Income $0

Other Revenue $0

TOTAL REVENUE $109,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,689

Fundraising Expenses $0

Program Expenses $163,204

Other Expenses $113,914

TOTAL EXPENSES $182,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,058	$109,340	0.0%
Expenses	$182,603	$184,064	0.0%
Net Income	$-73,545	$-74,724	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roosevelt Lyons	Vice President	1.00	Director	$0	$0	$0
Regan Greenup	Treasurer	1.00	Director	$0	$0	$0
Joyce Thompson	Secretary	1.00	Director	$0	$0	$0
Cherie Beasley	President	40.00	Officer	$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
2023	$109,058	$182,603	$309,474	$-73,545
2022	$109,340	$184,064	$310,370	$-74,724
2021	$123,477	$81,799	$385,833	$41,678
2019	$184,283	$149,254	$269,391	$35,029