Food is Free Solano (EIN 874697111) - 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

2022

Legal Domicile

Principal Officer

Jonathan Newsom

Tax Period

2023-07-01 to 2024-06-30

Food is Free Solano, founded in 2022, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $604K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $551K left a modest 9% surplus.

Mission

Our mission: We believe that food is a basic human right. Our goal is to create community foment happiness and feed people. Everyone deserves access to nutritious culturally relevant food.

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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 (2023)

Revenue Breakdown

Contributions & Grants $507,279

Program Service Revenue $96,645

Investment Income $3

Other Revenue $0

TOTAL REVENUE $603,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,580

Fundraising Expenses $0

Program Expenses $499,724

Other Expenses $322,795

TOTAL EXPENSES $551,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$603,927	$391,041	+0.5%
Expenses	$551,375	$411,830	+0.3%
Net Income	$52,552	$-20,789	-3.5%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Newsom	President	2.00	Officer	$0	$0	$0
Lory Quevedo	Treasurer	2.00	Officer	$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	No data	No data	No data	No data
2024	$603,927	$551,375	$249,213	$52,552
2023	$391,041	$411,830	$196,661	$-20,789

Food is Free Solano