Familyfarmed Dba Good Food Catalyst

Nonprofit profile at a glance

EIN
364095287
IRS 990 coverage
2012–2022
Forms available
Form 990 2022
Location
Chicago, IL, USA
Phone
3128747360
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Natural Resources Conservation and Protection

Official website

Reported finances

Revenue
$789,513
Expenses
$996,877
Assets
$518,702
Liabilities
$150,310

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • SHELBY PARCHMAN (CEO)

Highest reported compensation

  • SHELBY PARCHMAN (CEO): $133,490 total reported compensation
  • JAMES SLAMA (FOUNDER & DIRECTOR): $90,790 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Familyfarmed is a non-profit organization comitted to expanding the production, marketing and distribution of locally grown and responsibly produced food, in order to enhance the social, economic, and environmental health of our communities.

What it reported doing in 2022

Market development: creating new markets for family farmers is key to building local food systems as more than 99% of agricultural products consumed in united states are purchased through wholesale channels. The organization's current market development initiatives include: 1.farmer training: familyfarmed has played an important role in helping farmers succeed with a comprehensive program and manuals that have trained more than 13,700 farmers in 43 states. The program includes our wholesale success and direct market success manuals and our food safety binders, and is designed to help small and mid-acreage fruit and vegetable farmers with one of the biggest challenges they face: growing their business. This program gives farmers the resources and tools they need to make sure their produce is of the highest quality, to manage food safety and other risks, and to nurture the relationships with customers that they need to be successful. Each training workshop can be customized to meet local grown needs. 2. Local food procurement: familyfarmed works to build the overall supply chain of local food by providing technical assitance to farmers, connecting wholesale buyers with producers, and helping to create infrastructure that supports the growth of these systems. Familyfarmed works with many leading buyes of local food, including whole foods mafket, chipotle, treasure island, local foods, nature's path, patagonia, us foods, kehe, unfi, mariano's, Illinois restaurant association, fortune fish & gourmet, central grocers, anthony marano & comapny, compass group, chicago public schools, mccormick place convention center, testa produce, aramark, farmlogix, midway airport, lettuce entertain you, and natural direct, plus many other supermarkets and restaurants, to connect them with local food sources. Mccormick place, the largest convention center in united states, announced its intention to buy good food at the organization's trade show and now buys more than 40 percent of its food from local and or substainable sources. 3. Organic grain promotional initiative: the organic grain promotion initiative ("ogpi") will support farmers in producing and selling organic grains, milled flours and legumes in the midwest region. Ogpi will connect buyers to producers in order to increase local production, infrastructure, supply and purchasing , as well as support farmers in increasing existing organic acreage or transitioning to organic.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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 available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 14
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.9%; rating input score 79
  • Program expense ratio: 62.5%; rating input score 62
  • Fundraising efficiency: $4.65 raised per $1 spent on fundraising; rating input score 15; 15th 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: 80%; rating input score 80; 17th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -26.3%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 22.5%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -1.9% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 78.9% of revenue deployed · 62.5% of spending went to programs
  • Governance: 8 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $623K in reported program spending
  • Leadership: top reported pay $133K · 10 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 9 filing years from 2012 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.