Kalispell, MT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)POWERED FOODS, founded in 2016, is a micro nonprofit that reported $52K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 26% operating deficit.
The amended purpose of the corporation from 2018 through 2020 was "to develop technical solutions in food production, optimize nutrition and energy in food for increased health, and educate the public about these developments and solutions." This was the vision of Howard F. Wilkins II who served as the chief executive officer from 2019 to his passing on Feb. 19, 2021. The remaining members of the Board of Trustees, having discussed the loss of Howard F. Wilkins II, and his vision, discerned there was no viable path forward for the organization. Due to the pandemic of 2020, and Howard's illness and passing in Feb. of 2021, there was no development on the properties purchased in the latter part of 2019 and no advancement of the Powered Foods' mission. Thus, the Board of Trustees, by unanimous written Consent dated Aug. 9, 2021, agreed it is in the best interest of the organization to dispose of its assets, pay its debts, and dissolve the Ohio 501(c)(3) nonprofit corporation.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $51,650 | $81,279 | -0.4% |
| Expenses | $65,255 | $62,995 | +0.0% |
| Net Income | $-13,605 | $18,284 | -1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| David Wilkins | Trustee and President | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| Craig Wilkins | Trustee | 0 |
Director
|
$0 | $0 | $0 |
| Paul Trudeau | Trustee | 0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $51,650 | $65,255 | No data | $-13,605 |
| 2021 | $81,279 | $62,995 | $13,605 | $18,284 |
| 2020 | $265,871 | $201,651 | $1,428,323 | $64,220 |
Compare POWERED FOODS with other nonprofits in Montana and across the country.