FOOD FOR SOUL 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

2019

Legal Domicile

Principal Officer

JILL CONKLIN

Phone

4019960390

Tax Period

2023-01-01 to 2023-12-31

FOOD FOR SOUL INC, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $609K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $828K exceeded revenue, resulting in a 36% operating deficit.

Mission

FOOD FOR SOUL, INC. HELPS TO CREATE INCLUSIVE AND BEAUTIFUL COMMUNITY KITCHENS IN WHICH NOT ONLY OUR GUESTS, PEOPLE IN NEED AND IN VULNERABLE CONDITIONS, CAN FEEL WELCOMED AND INSPIRED - OUR REFETTORIOS ARE SPACES FOR EVERYONE, BECAUSE THE DOORS ARE ALWAYS OPEN. CHEFS ARE INVITED TO TRANSFORM SURPLUS FOOD, OTHERWISE WASTED, INTO NUTRITIOUS AND HEALTHY MEALS. THEIR CREATIVITY AND EXPERTISE ARE ESSENTIAL TO TURN DISCARDED OR ORDINARY INGREDIENTS INTO SOMETHING EXTRAORDINARY. VOLUNTEERS ARE INVITED TO SERVE GUESTS AT THE TABLE, TO CALL THEM BY THEIR NAMES, TO CREATE HUMAN CONTACTS. DESIGNERS AND ARTISTS TURN NEGLECTED SPACES INTO INSPIRING HUBS FULL OF ART, DESIGN AND BEAUTY.

Program Service Accomplishments

Program 1

Expenses: $643,687

IN 2023, FOOD FOR SOUL BEGAN EXPANSION DEVELOPMENT, INCLUDING SOCIO]ECONOMIC RESEARCH, BENEFICIARY AND STAKEHOLDERNEEDS ASSESSMENTS AND FEASIBILITY STUDIES, FOR NEW REFETTORIO CULTURAL AND COMMUNITY PROJECTS IN THE FOLLOWING AREAS:NAIROBI, KENYA; BOGOTA, COLOMBIA; LIMA AND TRUJILLO PERU; MILWAUKEE, WISCONSIN, NEW YORK CITY, DETROIT, MICHIGAN AND ILLINOIS,USA. THESE NEW LOCATIONS WILL BE ADDED TO THE EXISTING EXPANSION PROJECT PLANS FOR PROGRAM SERVICES IN CHICAGO, IL, USA;AND LOS ANGELES, CALIFORNIA, USA. FOOD FOR SOUL'S EXPANSION DEVELOPMENT PROJECTIONS BY 2025 TO BE A 40% INCREASE OR APPROXIMATELY 275,000 MEALSSERVED PER YEAR, WITH AN EXPECTED SAVINGS OF 210,000 POUNDS OF FOOD, OR AN ECONOMIC SAVINGS OF 2.25 MILLION USD BACK INTO SOCIAL PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $608,756

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $608,756

Expense Breakdown

Grants Paid $243,715

Salaries & Benefits $270,034

Fundraising Expenses $30,765

Program Expenses $643,687

Other Expenses $314,128

TOTAL EXPENSES $827,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$608,756	$681,113	-0.1%
Expenses	$827,877	$722,245	+0.1%
Net Income	$-219,121	$-41,132	+4.3%

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

$127,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARA TROLY GILMORE	PRESIDENT	5.00	Officer Director	$0	$0	$0
MASSIMO BOTTURA	SECRETARY	3.00	Officer Director	$0	$0	$0
JILL CONKLIN	EXECUTIVE DIRECTOR	40.00	Officer	$127,200	$0	$127,200

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	$608,756	$827,877	$203,454	$-219,121
2022	$681,113	$722,245	$422,575	$-41,132