FOOD CONNECT CO

EIN: 813230981 501(c)(3) Food, Agriculture & Nutrition

PHILADELPHIA, PA

Total Revenue
$2,315,863
Total Expenses
$2,386,980
Total Assets
$1,143,274
Net Assets
$1,074,960
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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
2016
Legal Domicile
PA
Principal Officer
MEGHA KULSHRESHTHA
Phone
2679460898
Tax Period
2024-01-01 to 2024-12-31

FOOD CONNECT CO, founded in 2016, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.3M in total revenue in fiscal year 2024.

Mission

AT FOOD CONNECT, WE'RE DEDICATED TO BRIDGING THE GAPS IN OUR FOOD SYSTEM, WORKING TO END HUNGER AND FOSTERING HEALTHIER COMMUNITIES THROUGH OUR INNOVATIVE INITIATIVES AND PROGRAMS. WE BUILD SCALABLE TECHNOLOGIES THAT SUPPORT LAST-MILE LOGISTICS SO THAT PEOPLE CAN GET THE RIGHT FOOD AT THE RIGHT TIME IN TIMES OF NEED. OUR AIM IS TO PROMOTE SUSTAINABLE AND EQUITABLE FOOD PRACTICES WHILE REDUCING THE ENVIRONMENTAL FOOTPRINT OF FOOD WASTE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,973,528 Revenue: $992,987

PROGRAM MANAGEMENT, DELIVERY & LOGISTICS: WE BUILD INNOVATIVE TECHNOLOGY TO SUPPORT CUSTOMIZED MATCHING AND DISTRIBUTION OF FOOD TO THOSE IN NEED. WE ENSURE THAT CRITICAL FEEDBACK LOOPS BETWEEN...

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PROGRAM MANAGEMENT, DELIVERY & LOGISTICS: WE BUILD INNOVATIVE TECHNOLOGY TO SUPPORT CUSTOMIZED MATCHING AND DISTRIBUTION OF FOOD TO THOSE IN NEED. WE ENSURE THAT CRITICAL FEEDBACK LOOPS BETWEEN RECIPIENTS TO FOOD PROVIDERS ARE CAPTURED WHICH FURTHERS FOOD SOVEREIGNTY AND EFFICIENCY WITHIN THE FOOD SYSTEM. WE BUILD THOUGHTFUL "FOOD IS MEDICINE AND FOOD RESCUE PROGRAMS SO THAT WHEN VULNERABLE POPULATIONS RECEIVE CRITICAL FOOD ASSISTANCE, THEY ARE ALSO SIMULTANEOUSLY IMPROVING HEALTH OUTCOMES AND ELIMINATING 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 $1,322,464
Program Service Revenue $992,987
Investment Income $412
Other Revenue $0
TOTAL REVENUE $2,315,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $722,276
Fundraising Expenses $162,750
Program Expenses $1,973,528
Other Expenses $1,664,704
TOTAL EXPENSES $2,386,980

Year-over-Year Comparison

2024 2023 Change
Revenue $2,315,863 $2,318,685 0.0%
Expenses $2,386,980 $1,974,676 +0.2%
Net Income $-71,117 $344,009 -1.2%
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

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Governance

Voting Members
9
Independent Members
8
Employees
16
Volunteers
32

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
$153,116
Total Directors
9
$153,116
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD VEZINA CHAIRPERSON 5.00
Officer Director
$0 $0 $0
KATE SCHWASS SECRETARY 1.00
Officer Director
$0 $0 $0
ARNAB BOSE DIRECTOR 1.00
Director
$0 $0 $0
JAY SHAH DIRECTOR 1.00
Director
$0 $0 $0
KYLE ROBERTSON DIRECTOR 1.00
Director
$0 $0 $0
LINDSAY SHARMA DIRECTOR 1.00
Director
$0 $0 $0
MARTIN SCHNEIDER DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
MEGHA KULSHRESHTHA EXECUTIVE DIRECTOR 40.00
Officer Director
$144,231 $8,885 $153,116
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 $2,315,863 $2,386,980 $1,143,274 $-71,117
2023 $2,318,685 $1,974,676 $1,285,139 $344,009
2022 $1,501,028 $1,310,823 $904,090 $190,205
2021 $1,479,802 $1,362,206 $434,976 $117,596
2020 $678,243 $521,926 $226,649 $156,317
2019 $216,782 $196,552 $74,399 $20,230
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