THE NEW FOOD ECONOMY INC (EIN 841930625) - Form 990 Financial Analysis & Trantor Score

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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

JEFFREY KITTAY

Phone

9149808505

Tax Period

2021-10-01 to 2022-09-30

THE NEW FOOD ECONOMY INC, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $279K in total revenue in fiscal year 2021. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 1747% operating deficit.

Mission

THE NEW FOOD ECONOMY INC. ("THE COUNTER") IS A NON-PROFIT, INDEPENDENT, NONPARTISAN NEWSROOM. THE COUNTER PUBLISHES UNBIASED REPORTING ON THE FORCES SHAPING HOW AND WHAT AMERICA EATS, GOING BEYOND THE GUSTATORY, DELVING INTO THE MONEY, POWER, AND POLITICS BEHIND OUR PLATES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $275,383

Program Service Revenue $0

Investment Income $4,048

Other Revenue $0

TOTAL REVENUE $279,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,784,795

Fundraising Expenses $231,047

Program Expenses $4,300,805

Other Expenses $3,377,203

TOTAL EXPENSES $5,161,998

Year-over-Year Comparison

	2021	2020	Change
Revenue	$279,431	$1,060,801	-0.7%
Expenses	$5,161,998	$2,330,790	+1.2%
Net Income	$-4,882,567	$-1,269,989	+2.8%

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

N/A

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

$249,858

Total Directors

$249,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
S DONALD SUSSMAN- UNTIL 123121	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER JOHNSON STERN-UNTIL 123121	SECRETARY	1.00	Officer Director	$0	$0	$0
GREGORY MUTH	TREASURER	1.00	Officer Director	$0	$0	$0
MARGARITA NORIEGA-UNTIL 53022	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE PORTA	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY KITTAY	EXECUTIVE DIRECTOR	40.00	Officer Director	$249,858	$0	$249,858
KATHERINE COX	EDITOR-IN-CHIEF	40.00	Highest	$130,452	$0	$130,452
MICHAEL SPEZIALE	CHIEF REVENUE OFFICER	40.00	Highest	$130,000	$0	$130,000
NATHANIEL PAZIK	CHIEF OF OPERATIONS & DEVELOPMENT	30.00	Highest	$115,708	$0	$115,708
JOSEPH FASSLER	DEPUTY EDITOR	40.00	Highest	$102,642	$0	$102,642

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
2022	$279,431	$5,161,998	$131,910	$-4,882,567
2021	$1,060,801	$2,330,790	$5,033,897	$-1,269,989
2020	$6,563,213	$1,811,124	$6,509,869	$4,752,089
2019	$1,590,000	$61,611	$1,537,070	$1,528,389

THE NEW FOOD ECONOMY INC