GLEANERS DISTRIBUTION CORPORATION (EIN 873559183) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

GERALD BRISSON

Phone

8664532637

Tax Period

2023-10-01 to 2024-09-30

GLEANERS DISTRIBUTION CORPORATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $172K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $812K exceeded revenue, resulting in a 373% operating deficit.

Mission

GLEANERS DISTRIBUTION CORPORATION (GDC) IS A 100% OWNED NON-PROFIT SUBSIDARY OF GLEANERS COMMUNITY FOOD BANK OF SOUTHEASTERN MICHIGAN (GCFB). GDC WAS SET UP TO FACILITATE THE NEW MARKETS TAX CREDIT FINANCING TRANSACTION FOR GCFB. GDC OWNS A 181,475 SQUARE FOOT INDUSTRIAL WAREHOUSE FACILITY AND RELATED EQUIPMENT THAT IT LEASES TO GCFB FOR ITS VOLUME DISTRIBUTION OPERATIONS THAT PROVIDE FOOD AND PROGRAMMING TO ITS SERVICE AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $171,601

Investment Income $0

Other Revenue $0

TOTAL REVENUE $171,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $806,443

Other Expenses $811,694

TOTAL EXPENSES $811,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,601	$189,024	-0.1%
Expenses	$811,694	$784,978	+0.0%
Net Income	$-640,093	$-595,954	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$551,313

Total Directors

$1,485,225

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD BRISSON	PRESIDENT & CEO OF GCFB, PRESIDENT	1.00	Officer Director	$0	$6,018	$302,460
PATRICK SCHULTE	CDO OF GCFB, DIRECTOR	1.00	Director	$0	$15,874	$293,943
JULIE BEAMER	COO OF GCFB, DIRECTOR	1.00	Director	$0	$13,194	$250,899
JEFF OSSOWSKI CFO OF GCFB	DIRECTOR, SECRETARY	1.00	Officer Director	$0	$16,230	$248,853
JUDITH MCNEELEY VP OF COMM	ENG. OF GCFB, DIRECTOR	1.00	Director	$0	$6,915	$218,612
SHERYL STODDARD	VP OF ADMIN OF GCFB, DIRECTOR	1.00	Director	$0	$6,405	$170,458
DONNA ENGLAND	BOARD CHAIR (THROUGH 8/2024)	2.00	Officer Director	$0	$0	$0
STEPHANIE TROTTER	BOARD CHAIR (STARTING 8/2024)	2.00	Officer Director	$0	$0	$0
LENORA HARDY-FOSTER	TREASURER	1.00	Officer Director	$0	$0	$0
JASON PAULATEER SEC THROUGH	10/2023), DIR. (STARTING 10/2023)	1.00	Officer Director	$0	$0	$0
TIMOTHY HA	DIRECTOR (STARTING 8/2024)	1.00	Director	$0	$0	$0
JOEL KELLMAN	DIRECTOR (THROUGH 8/2024)	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	$171,601	$811,694	$16,992,564	$-640,093
2023	$189,024	$784,978	$17,396,771	$-595,954
2022	$101,447	$544,613	$16,867,359	$-443,166

GLEANERS DISTRIBUTION CORPORATION