Eat Happy Now

Nonprofit profile at a glance

EIN
882683238
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Yarrow Point, WA, USA
Phone
4254431974
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Mobile Food Services

Official website

Reported finances

Revenue
$1,100,354
Expenses
$1,067,123
Assets
$76,167
Liabilities
$2,065

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • Sharmila Rathinam (President)

People named in this filing

  • Sharmila Rathinam (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Eat Happy's mission revolves around rescuing perfectly healthy food that would otherwise be discarded and ending up in landfills.

What it reported doing in 2024

Eat Happy actively reaches out across the Puget Sound in their efforts by encouraging volunteers to participate in the pickup and delivery of food to various nonprofits, fostering a sense of community engagement and giving back.Their offerings extend to sourcing culturally appropriate food options when possible, catering to the specific preferences of certain food banks serving diverse polulations. A key distingushing factor of Eat Happy is their swift transportation of perishable food and groceries within 2 hours of sourcing, effectively overcoming barriers such as transportation costs and logistical challenges, ensuring timely delivery to those in needs.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 90% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.7%; rating input score 96
  • Program expense ratio: 98.7%; rating input score 99
  • Fundraising efficiency: $783.73 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 82% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 102.4% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 83.5% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 95.7% of revenue deployed · 98.7% of spending went to programs
  • Governance: 1 of 1 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • 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 — Accountability: Governance controls: 2 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.