Rise and Shine Bakery

EIN: 871359707 501(c)(3) Employment

Annapolis, MD

Total Revenue
$700,638
Total Expenses
$431,560
Total Assets
$431,031
Net Assets
$415,113
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MD
Tax Period
2024-01-01 to 2024-12-31

Rise and Shine Bakery, founded in 2021, is a small nonprofit in the Employment sector that reported $701K in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $269K, a strong 38% operating margin.

Mission

Rise and Shine Bakery is a social enterprise bakery and workforce training program. Rise and Shine Bakery provides workforce training and jobs in the bakery industry for people with employment barriers, and serves a mixed demographic that includes individuals experiencing homelessness, veterans, those in addiction recovery, people formerly incarcerated, youth aging out of foster care, single moms living in poverty and survivors of domestic violence.

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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 $699,857
Program Service Revenue $5,681
Investment Income $-4,900
Other Revenue $0
TOTAL REVENUE $700,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $253,580
Fundraising Expenses $6,218
Program Expenses $376,126
Other Expenses $177,980
TOTAL EXPENSES $431,560

Year-over-Year Comparison

2024 2023 Change
Revenue $700,638 $366,086 +0.9%
Expenses $431,560 $259,045 +0.7%
Net Income $269,078 $107,041 +1.5%
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
17
Independent Members
17
Employees
7
Volunteers
50

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Kinney President 20.00
Officer Director
$0 $0 $0
Pam Siemer Vice President 20.00
Officer Director
$0 $0 $0
Ray Ottenberg Treasurer 5.00
Officer Director
$0 $0 $0
Karen Shavatt Secretary 2.00
Officer Director
$0 $0 $0
Clyde Carr Director 1.00
Director
$0 $0 $0
Kathleen Douglas Director 1.00
Director
$0 $0 $0
Ed Evans Director 1.00
Director
$0 $0 $0
Rick Hindin Director 1.00
Director
$0 $0 $0
Betsy Jones Director 1.00
Director
$0 $0 $0
Jonathan Kagan Director 1.00
Director
$0 $0 $0
Steve Raab Director 5.00
Director
$0 $0 $0
Jackie Reinauer Director 1.00
Director
$0 $0 $0
John Rosso Director 1.00
Director
$0 $0 $0
Kate Schoff Director 1.00
Director
$0 $0 $0
Keith Vernon Director 1.00
Director
$0 $0 $0
Dana Smith Cooksey Director 1.00
Director
$0 $0 $0
Pamela Cole Finlay Director 1.00
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 $700,638 $431,560 $431,031 $269,078
2023 $366,086 $259,045 $146,147 $107,041
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