NEEDS FOUNDATION

EIN: 800743170 501(c)(3) Food, Agriculture & Nutrition

EDMOND, OK

Total Revenue
$1,455,370
Total Expenses
$665,440
Total Assets
$4,717,389
Net Assets
$2,616,000
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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
2020
Legal Domicile
OK
Principal Officer
JOSEPH ABBO
Phone
4052455553
Tax Period
2024-01-01 to 2024-12-31

NEEDS FOUNDATION, founded in 2020, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $790K, a strong 54% operating margin.

Mission

Serving under-privileged and needy with food, thus reducing food waste

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,455,370
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,455,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $665,440
Other Expenses $665,440
TOTAL EXPENSES $665,440

Year-over-Year Comparison

2024 2023 Change
Revenue $1,455,370 $1,168,812 +0.2%
Expenses $665,440 $749,922 -0.1%
Net Income $789,930 $418,890 +0.9%
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
5
Independent Members
4
Employees
N/A
Volunteers
30

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
2
$120,000
Total Directors
4
$240,000
Key Employees
4
$240,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Abbo CEO 40
Director Key Emp
$60,000 $0 $60,000
Amber Daniel Executive Secretary 40
Director Key Emp
$60,000 $0 $60,000
Kamden Slaughter WAREHOUSE MANAGER 40
Director Key Emp
$60,000 $0 $60,000
Edward White Executive Director 40
Officer Director
$60,000 $0 $60,000
Alvin Lee CDL DRIVER 40
Officer Key Emp
$60,000 $0 $60,000
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 $1,455,370 $665,440 $4,717,389 $789,930
2023 $1,168,812 $749,922 $4,717,389 $418,890
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