GLEANERS DISTRIBUTION CORPORATION

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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

2021

Legal Domicile

Principal Officer

ANGELA MOLONEY

Phone

8664532637

Tax Period

2024-10-01 to 2025-09-30

GLEANERS DISTRIBUTION CORPORATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $599K in total revenue in fiscal year 2024. Revenue surged 249% from the prior year, signaling strong growth momentum. Expenses of $959K exceeded revenue, resulting in a 60% 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 (CONTINUED ON SCHEDULE O) 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.

Program Service Accomplishments

Program 1

Expenses: $953,680 Revenue: $598,653

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $598,653

Investment Income $0

Other Revenue $0

TOTAL REVENUE $598,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $953,680

Other Expenses $959,174

TOTAL EXPENSES $959,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$598,653	$171,601	+2.5%
Expenses	$959,174	$811,694	+0.2%
Net Income	$-360,521	$-640,093	-0.4%

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

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

$597,622

Total Directors

$1,600,932

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	$24,015	$330,022
PATRICK SCHULTE	CDO OF GCFB, DIRECTOR	1.00	Director	$0	$20,920	$308,207
JEFF OSSOWSKI	CFO OF GCFB, SECRETARY	1.00	Officer Director	$0	$23,995	$267,600
JULIE BEAMER	COO OF GCFB, DIRECTOR	1.00	Director	$0	$18,988	$267,477
JUDITH MCNEELEY VP OF COMM	ENG. OF GCFB, DIRECTOR	1.00	Director	$0	$9,295	$231,504
SHERYL STODDARD	VP OF ADMIN OF GCFB, DIRECTOR	1.00	Director	$0	$28,170	$196,122
STEPHANIE TROTTER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
LENORA HARDY-FOSTER	TREASURER	1.00	Officer Director	$0	$0	$0
JASON PAULATEER	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY HA	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
2025	$598,653	$959,174	$18,107,472	$-360,521
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