Edesia Inc

Nonprofit profile at a glance

EIN
260359866
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
North Kingstown, RI, USA
Phone
4012725521
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Programs

Official website

Reported finances

Revenue
$104,212,476
Expenses
$101,556,712
Assets
$162,254,713
Liabilities
$22,736,147

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

Leadership & pay

14 people listed

Executive titles in this filing

  • ANDREW KAMARA (VICE PRESIDENT OF OPERATIONS)
  • TOM STEHL (VICE PRESIDENT OF GROWTH)
  • MARIA KASPARIAN (VICE PRESIDENT OF STRATEGIC PARTNERSHIPS)
  • NAVYN SALEM (PRESIDENT)

Highest reported compensation

  • BRIAN O'FARRELL (CHIEF FINANCIAL OFFICER): $259,809 total reported compensation
  • ANDREW KAMARA (VICE PRESIDENT OF OPERATIONS): $224,207 total reported compensation
  • TOM STEHL (VICE PRESIDENT OF GROWTH): $207,351 total reported compensation

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

Overview

Mission

Edesia's mission is to treat and prevent malnutrition in the world's most vulnerable populations. Combatting malnutrition and poverty through the manufacture and distribution of ready-to-use therapeutic foods.

What it reported doing in 2024

Produce high-quality ready-to-use foods and support local producers of ready-to-use foods in the developing world (currently plumpy'nut, plumpy'sup, plumpy'doz and nutributter) for humanitarian organizations and non-profits.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 95% 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.
  • 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. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 67
  • Accountability: 100
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.6%; rating input score 96
  • Program expense ratio: 97.5%; rating input score 97
  • Fundraising efficiency: $21.72 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.5%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 1.6; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 16.6% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 17.9% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 22.9% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 95.6% of revenue deployed · 97.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $99M in reported program spending
  • Leadership: top reported pay $260K · 14 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.3M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • 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.

  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.