Kalispell, MT
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
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 mission of the corporation from 2018 through 2020 was to "develop cutting-edge, nutrient-dense, pesticide-free, pure food, in state-of-the-art vertically enclosed greenhouse environments. The goal was to improve health, particularly with nutritional benefits for cancer, cardio, auto-immune, and Alzheimer's patients." This was the vision and mission 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, saw 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 to dispose of assets to pay debts and dissolve the corporation.
Develop technical solutions in food production science, to optimize nutrition and energy in food for increased health. Began developing this line of activity in 2018. Please see Schedule O for...
Develop technical solutions in food production science, to optimize nutrition and energy in food for increased health. Began developing this line of activity in 2018. Please see Schedule O for details. *** The corporation ceased all program services and activities in 2021 and formally dissolved with the approval of the Ohio Secretary of State on July 27, 2022. Howard F. Wilkins II 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 that 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 cease its activities, dispose of its assets to pay its debts, and dissolve the Ohio 501(c)(3) nonprofit corporation. A Certificate of Dissolution for Powered Foods, charter number 3964499, was filed with the Ohio Secretary of State on July 27, 2022, and approved by the Ohio Secretary of State on July 28, 2022.
Educate the public about these developments and solutions: this is a future activity. *** The corporation ceased all program services and activities in 2021 and formally dissolved with the approval...
Educate the public about these developments and solutions: this is a future activity. *** The corporation ceased all program services and activities in 2021 and formally dissolved with the approval of the Ohio Secretary of State on July 27, 2022. Howard F. Wilkins II 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 that 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 cease its activities, dispose of its assets to pay its debts, and dissolve the Ohio 501(c)(3) nonprofit corporation. A Certificate of Dissolution for Powered Foods, charter number 3964499, was filed with the Ohio Secretary of State on July 27, 2022, and approved by the Ohio Secretary of State on July 28, 2022.
Youth Bee Works activities: no activities in 2020 or 2021. *** The corporation ceased all program services and activities in 2021 and formally dissolved with the approval of the Ohio Secretary of...
Youth Bee Works activities: no activities in 2020 or 2021. *** The corporation ceased all program services and activities in 2021 and formally dissolved with the approval of the Ohio Secretary of State on July 27, 2022 . Howard F. Wilkins II 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 cease its activities, dispose of its assets to pay its debts, and dissolve the Ohio 501(c)(3) nonprofit corporation. A Certificate of Dissolution for Powered Foods, charter number 3964499, was filed with the Ohio Secretary of State on July 27, 2022, and approved by the Ohio Secretary of State on July 28, 2022.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
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
Sign in to view all financial metrics
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.