LOCAL FOOD SOLUTIONS

EIN: 832804804 501(c)(3) Food, Agriculture & Nutrition

IOWA CITY, IA

Total Revenue
$932,476
Total Expenses
$884,126
Total Assets
$137,458
Net Assets
$136,253
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IA
Principal Officer
JOHN QUINTO
Phone
3198552649
Tax Period
2024-01-01 to 2024-12-31

LOCAL FOOD SOLUTIONS, founded in 2018, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $932K in total revenue in fiscal year 2024. Expenses of $884K left a modest 5% surplus.

Mission

WE WORK TO EXPAND ACCESS TO LOCAL FOOD FOR MORE PEOPLE IN THE COMMUNITY THROUGH THE PURCHASE, AGGREGATION, STORAGE, MARKETING AND DELIVERY OF FRESH, SAFE, LOCAL FOOD IN PARTNERSHIP WITH LOCAL GROWERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $255,597
Program Service Revenue $671,376
Investment Income $6,666
Other Revenue $-1,163
TOTAL REVENUE $932,476

Expense Breakdown

Grants Paid $0
Salaries & Benefits $256,642
Fundraising Expenses $0
Program Expenses $792,549
Other Expenses $627,484
TOTAL EXPENSES $884,126

Year-over-Year Comparison

2024 2023 Change
Revenue $932,476 $906,870 +0.0%
Expenses $884,126 $875,404 +0.0%
Net Income $48,350 $31,466 +0.5%
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
7
Volunteers
27

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLAISE BOLES DIRECTOR 1.00
Director
$0 $0 $0
KIM FRIESE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
CAMILLE VERI DIRECTOR 1.00
Director
$0 $0 $0
BRIAN MORELLI SECRETARY 2.00
Officer
$0 $0 $0
JOHN QUINTO TREASURER 2.00
Officer
$0 $0 $0
HANNAH SHULTZ CHAIR 2.00
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 $932,476 $884,126 $137,458 $48,350
2023 $906,870 $875,404 $95,439 $31,466
2022 $462,810 $422,646 $59,685 $40,164
2021 $445,383 $491,133 $18,124 $-45,750
2020 $427,701 $386,130 $54,971 $41,571
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