500 Turkeys Inc
Nonprofit profile at a glance
- EIN
- 473637990
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Valparaiso, IN, USA
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Food Programs
- Affiliation
- Christianity
Reported finances
- Revenue
- $79,478
- Expenses
- $50,355
- Assets
- $44,356
- Liabilities
- $1,200
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Jennifer Bolton (Board President and Founder)
People named in this filing
- Jennifer Bolton (Board President and Founder)
- Deborah Sibray (Secretary)
- Anna Burke (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to raise enough food and funds each year to feed local families for Thanksgiving and positively touch as many lives as possible by showing Christ in action.
What it reported doing in 2024
Thanksgiving Meal Distribution is our main program. We provided a 12-14 pound frozen turkey and a box of side dish ingredients pies eggs and rolls for 1,530 local families in 2024. While our guests receive their gifts they are treated to snacks entertainment counsel and other community resources. We also supported 10 local shelters veterans and senior organizations in their efforts to support local families during the holidays. Our team and volunteers logged 1,683 hours along with our guests and community. involving 352 individuals who served.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 82
- Sustainability: 62
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.6%; rating input score 52
- Program expense ratio: 81.5%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 36.6%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 0.88; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -31.8% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 26.7% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 86.2% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 51.6% of revenue deployed · 81.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $41K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.