Solon Community Food Cupboard & Thrift Shop

EIN: 843076207 501(c)(3) Food, Agriculture & Nutrition

Solon, ME

Total Revenue
$164,964
Total Expenses
$7,414
Total Assets
$175,478
Net Assets
$168,064
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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
2022
Legal Domicile
ME
Principal Officer
Leslie A Giroux
Phone
2076432842
Tax Period
2024-01-01 to 2024-12-31

Solon Community Food Cupboard & Thrift Shop, founded in 2022, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $165K in total revenue in fiscal year 2024. Revenue surged 2495% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 96% operating margin.

Mission

To provide food for thos experiencing food insecuity within the greater Solon area in Central Maine See Sch O

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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 $164,964
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $164,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,414
Other Expenses $7,414
TOTAL EXPENSES $7,414

Year-over-Year Comparison

2024 2023 Change
Revenue $164,964 $6,358 +24.9%
Expenses $7,414 $4,798 +0.5%
Net Income $157,550 $1,560 +100.0%
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
N/A
Employees
N/A
Volunteers
8

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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Timothy Curtis Board Chair 001.00
Director
$0 $0 $0
Deborah Gerry Vice Chair 003.00
Director
$0 $0 $0
Leslie Giroux Secretery 001.00
Director
$0 $0 $0
Linda French Treasurer 004.00
Director
$0 $0 $0
Paula Rogers Board Member 004.00
Director
$0 $0 $0
Tara Mints Board Member 001.00
Director
$0 $0 $0
Jennnifer Hebert Board Member 001.00
Director
$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 $164,964 $7,414 $175,478 $157,550
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