Saba Grocers Initiative

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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

2023

Legal Domicile

Principal Officer

Lina Ghanem

Phone

5102162546

Tax Period

2024-01-01 to 2024-12-31

Saba Grocers Initiative, founded in 2023, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $574K, a strong 32% operating margin.

Mission

A healthy community where everyone has access to quality, nutritious, healthy food can be achieved through a synergistic relationship between stores and the communities they serve. Corner stores/community markets can serve as an important conduit for communities to get healthy products, provide information that promotes health and well-being, and for facilitating community empowerment.

Program Service Accomplishments

Program 1

Expenses: $781,265

Establish alternative food infrastructure: We establish the food supply-chain infrastructure that small immigrant businesses need to access economies of scale. Invest in communities of color: We...

Establish alternative food infrastructure: We establish the food supply-chain infrastructure that small immigrant businesses need to access economies of scale. Invest in communities of color: We partner with Resident Leaders to disseminate financial support to residents for food purchases at nearby corner stores Produce research on local food systems: We synthesize the stories of success and failure across the local and regional food supply chain, especially from the perspective of immigrant business owners. More research coming soon.

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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 $1,130,018

Program Service Revenue $633,593

Investment Income $10,025

Other Revenue $0

TOTAL REVENUE $1,773,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,385

Fundraising Expenses $0

Program Expenses $781,265

Other Expenses $882,887

TOTAL EXPENSES $1,199,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,773,636	N/A	N/A
Expenses	$1,199,272	N/A	N/A
Net Income	$574,364	N/A	N/A

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

N/A

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

$63,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lina Ghanem	Executive Dir.	40.00	Director	$63,697	$0	$63,697
Nina Ichikawa	Chairman	0.00	Officer	$0	$0	$0
Francis Calpatoura	Chairman	0.00	Officer	$0	$0	$0
Brenda Ceja	Secretary	0.00	Officer	$0	$0	$0
Mimi Demissew	Treasurer	0.00	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
2024	$1,773,636	$1,199,272	$1,771,894	$574,364