REAL FOOD INC

EIN: 821222730 501(c)(3) Community Improvement

WILLMAR, MN

Total Revenue
$123,088
Total Expenses
$123,791
Total Assets
$5,538
Net Assets
$-6,010
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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
2017
Legal Domicile
MN
Principal Officer
BEVERLY DOUGHERTY
Phone
3208947901
Tax Period
2023-01-01 to 2023-12-31

REAL FOOD INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $123K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSE OF THIS CORPORATION IS: - TO SUPPORT ECONOMIC OPPORTUNTIY, EDUCATION AND INFORMATIONAL ACTIVITIES TO INCREASE PUBLIC AWARENESS AND BENEFITS OF HEALTHY LOCALLY GROWN FOOD; - TO PROVIDE ALL PEOPLE THE OPPORTUNITY TO PURCHASE HEALTHY LOCALLY-GROWN FOOD, FRESH OR VALUE-ADDED, REGARDLESS OF ETHNICITY OR INCOME; - TO BOOST THE REGIONAL ECONOMY BY PROVIDING A SUSTAINABLE AND ATTAINABLE LOCAL FOOD SUPPLY FOR ALL PEOPLE

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $119,367
Investment Income $0
Other Revenue $3,721
TOTAL REVENUE $123,088

Expense Breakdown

Grants Paid $14,592
Salaries & Benefits $21,528
Fundraising Expenses $0
Program Expenses $115,556
Other Expenses $87,671
TOTAL EXPENSES $123,791

Year-over-Year Comparison

2023 2022 Change
Revenue $123,088 $67,178 +0.8%
Expenses $123,791 $72,102 +0.7%
Net Income $-703 $-4,924 -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
7
Independent Members
7
Employees
N/A
Volunteers
9

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
4
$20,653
Total Directors
3
$875
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVERLY DOUGHERTY GEN MAN/TREA 20.00
Officer
$0 $20,653 $20,653
JASON DOUGHERTY BOARD MEMBER 17.31
Director
$0 $875 $875
JENNIFER FROST BOARD OF DIR 0.25
Director
$0 $0 $0
LORI TOSTENSON BOARD MEMBER 0.25
Director
$0 $0 $0
NANCY JOHNSON SECRETARY 0.25
Officer
$0 $0 $0
DR KATHRYN KELLY VICE PRESIDE 0.25
Officer
$0 $0 $0
DOROTHY ROSEMEIER PRESIDENT 0.25
Officer
$0 $0 $0
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 $123,088 $123,791 $5,538 $-703
2022 $67,178 $72,102 $5,705 $-4,924
2021 $56,084 $64,152 $1,680 $-8,068
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