RETHINK FOOD NYC INC

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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

Principal Officer

MATTHEW JOZWIAK

Phone

2123647040

Tax Period

2024-01-01 to 2024-12-31

RETHINK FOOD NYC INC, founded in 2017, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $58.7M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO REDUCE FOOD INSECURITY BY DEVELOPING PRACTICAL MODELS THAT DISTRIBUTE NUTRITIONALLY DENSE, CULTURALLY SENSITIVE MEALS TO NOURISH HEALTHY AND THRIVING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $52,333,122

RETHINK SERVICES - PROVIDE DELICIOUS AND DIGNIFIED MEALS FOR ALL KINDS OF COMMUNITIES & CONTRACTS AT SCALE UTILIZING LIKE-MINDED RESTAURANTS, KITCHENS, AND CORPORATIONS

Program 2

Expenses: $3,722,649

COMMISSARY KITCHEN - OUR COMMISSARY KITCHEN CONVERTS DONATED FOOD ITEMS FROM GROCERY STORES, CORPORATE PARTNERS AND RESTAURANTS INTO NUTRITIOUS MEALS TO DELIVER TO CBOS AT NO COST. ON AVERAGE THE...

COMMISSARY KITCHEN - OUR COMMISSARY KITCHEN CONVERTS DONATED FOOD ITEMS FROM GROCERY STORES, CORPORATE PARTNERS AND RESTAURANTS INTO NUTRITIOUS MEALS TO DELIVER TO CBOS AT NO COST. ON AVERAGE THE SITE PROVIDES OVER 5,000 MEALS A WEEK.

Program 3

Expenses: $1,454,801 Revenue: $237,585

RETHINK CERTIFIED - RETHINK CERTIFIED IS A PARTNERSHIP PROGRAM WITH TWO PURPOSES: FEED COMMUNITIES AND KEEP RESTAURANTS IN BUSINESS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,349,260

Program Service Revenue $0

Investment Income $76,277

Other Revenue $237,585

TOTAL REVENUE $58,663,122

Expense Breakdown

Grants Paid $40,321

Salaries & Benefits $5,429,607

Fundraising Expenses $807,663

Program Expenses $57,510,572

Other Expenses $55,759,603

TOTAL EXPENSES $61,229,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,663,122	$50,548,993	+0.2%
Expenses	$61,229,531	$56,866,784	+0.1%
Net Income	$-2,566,409	$-6,317,791	-0.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,131,340

Total Directors

$237,812

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL COHEN EFFRON	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL HUMM	BOARD MEMBER	2.00	Director	$0	$0	$0
DINAKAR SINGH	BOARD MEMBER (AS OF 4/24/24)	2.00	Director	$0	$0	$0
ERIC COSTELLO	BOARD MEMBER	2.00	Director	$0	$0	$0
JJ JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JON GRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIAN BAKER	CHAIRMAN	5.00	Officer Director	$0	$0	$0
LEO KIRBY	TREASURER	2.00	Officer Director	$0	$0	$0
LUNA DROUBI	BOARD MEMBER	2.00	Director	$0	$0	$0
MARSHALL SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW JOZWIAK	FOUNDER, CEO	37.50	Officer Director	$195,502	$14,115	$237,812
MAURICE OBEID	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK LESCHLY	BOARD MEMBER (AS OF 7/16/24)	2.00	Director	$0	$0	$0
SHAUN DONOVAN	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM BARAKETT	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACY TANG	BOARD MEMBER	2.00	Director	$0	$0	$0
VAUGHN TAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER HOLLINGER	CHIEF FINANCIAL OFFICER	37.50	Officer	$173,228	$27,086	$224,697
JORDAN CORREA	CHIEF PROGRAM OFFICER	39.00	Officer	$181,923	$0	$207,308
NATHAN RICKE	CHIEF NETWORK OFFICER	45.00	Officer	$91,765	$1,595	$93,360
RAKAN AMMOURI	CHIEF OPERATING OFFICER	50.00	Officer	$135,103	$0	$135,103
SHARLENE FRANK	CHIEF PEOPLE OFFICER	49.00	Officer	$183,579	$26,113	$233,060
ADAEZE OKOLI	CHIEF OF STAFF	40.00	Highest	$149,129	$0	$149,129
CLINTON SIMON	SENIOR DIRECTOR OF FINANCE AND DATA	20.00	Highest	$123,790	$9,516	$133,306
KEN BAKER	CULINARY DIRECTOR	40.00	Highest	$121,685	$11,556	$133,241
LAUREN KAUFMAN	SENIOR DIRECTOR OF PROGRAMS	10.00	Highest	$118,412	$13,919	$132,331
TARA FRANCOIS	VP OF ENGAGEMENT	40.00	Highest	$149,973	$11,510	$161,483

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	$58,663,122	$61,229,531	$14,370,159	$-2,566,409
2023	$50,548,993	$56,866,784	$22,930,778	$-6,317,791
2022	$12,485,150	$19,984,034	$17,927,047	$-7,498,884
2021	$29,334,574	$27,496,162	$24,716,191	$1,838,412
2020	$37,918,014	$16,615,318	$23,003,336	$21,302,696
2020	$37,918,014	$16,615,318	$23,003,336	$21,302,696
2019	$1,209,084	$1,188,847	$1,190,548	$20,237
2018	$1,486,454	$469,622	$1,150,482	$1,016,832