BREAD OF LIFE INC

EIN: 760386510 501(c)(3) Human Services

HOUSTON, TX

Total Revenue
$15,740,037
Total Expenses
$17,328,507
Total Assets
$6,326,605
Net Assets
$1,715,284
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
TX
Principal Officer
MELVIN GRAY
Phone
7136593237
Tax Period
2022-01-01 to 2022-12-31

BREAD OF LIFE INC, founded in 1992, is a mid-sized nonprofit in the Human Services sector that reported $15.7M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $17.3M exceeded revenue, resulting in a 10% operating deficit.

Program Service Accomplishments

Program 1
Expenses: $14,042,912

BREAD OF LIFE PROVIDES PROGRAMS FOCUSED ON DISASTER RELIEF, COMMUNITY DEVELOPMENT, ADVOCACY AND HEALTH, HUMAN SERVICES, BEHAVIORAL HEALTHCARE, HOUSING INSECURITY AND FOOD INSECURITY. WE DISTRIBUTE...

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BREAD OF LIFE PROVIDES PROGRAMS FOCUSED ON DISASTER RELIEF, COMMUNITY DEVELOPMENT, ADVOCACY AND HEALTH, HUMAN SERVICES, BEHAVIORAL HEALTHCARE, HOUSING INSECURITY AND FOOD INSECURITY. WE DISTRIBUTE TONS OF FOOD, PRODUCE, AND NON-FOOD HOUSEHOLD ITEMS TO PERSONS IMPACTED BY NATURAL LIFE DISASTERS.

Program 2
Expenses: $181,281 Revenue: $48,090

ADVOCACY INCLUDES A RADIO STATION AND COMMUNITY EVENTS.

Program 3
Expenses: $629,744

THE ACADEMY INCLUDES SUSTAINABILITY THROUGH CAREER COACHING AND JOB PLACEMENT.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $15,342,048
Program Service Revenue $48,090
Investment Income $60,763
Other Revenue $289,136
TOTAL REVENUE $15,740,037

Expense Breakdown

Grants Paid $495,759
Salaries & Benefits $1,622,618
Fundraising Expenses $0
Program Expenses $14,853,937
Other Expenses $15,210,130
TOTAL EXPENSES $17,328,507

Year-over-Year Comparison

2022 2021 Change
Revenue $15,740,037 $13,347,076 +0.2%
Expenses $17,328,507 $11,343,892 +0.5%
Net Income $-1,588,470 $2,003,184 -1.8%
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

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Governance

Voting Members
6
Independent Members
4
Employees
28
Volunteers
1988

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
3
$105,560
Total Directors
3
$105,560
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YVETTE TARRANT TRUSTEE & CEO 40.00
Officer Director
$105,560 $0 $105,560
RUDY RASMUS TRUSTEE 0.10
Director
$0 $0 $0
JUANITA RASMUS TRUSTEE 0.10
Director
$0 $0 $0
MELVIN GRAY PRESIDENT 1.00
Officer
$0 $0 $0
DAVID FELDMAN SECRETARY 1.00
Officer
$0 $0 $0
CHRIS BARNES COO 1.00
Highest
$153,803 $0 $153,803
MIA HOPKINS CFO (FORMER) 1.00
Highest
$123,544 $0 $123,544
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 No data No data No data No data
2023 No data No data No data No data
2022 $15,740,037 $17,328,507 $6,326,605 $-1,588,470
2021 $13,347,076 $11,343,892 $8,049,650 $2,003,184
2020 $9,941,731 $8,467,553 $1,432,491 $1,474,178
2019 $5,117,395 $5,463,507 $173,254 $-346,112
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