Fiorenza's Food for Friends (F4)inc

What it reported doing in 2024

Fiorenza's food for friends (f4) inc. Sole purpose is to eradicate hunger. Our programs directly impact the needs of food-insecure people. F4's food rescue program is an alternative for food service businesses that allows them to donate their excess food to local non-profit organizations, promoting food security instead of throwing "good food" away. Food service businesses include supermarkets, restaurants, manufacturers, farmers, and other businesses that grow, distribute, or sell food. This emerging method of reducing waste promotes environmental sustainability while alleviating pressure on food banks and pantries. F4 engages directly with and supports non-profit organizations that are working to alleviate hunger and create sustainable food security in their communities. F4 is the counry's largest food recovery organization.f4's food drive program offers corporations an opportunity to give back and establish a presence within their local community. This is done by designing, installing, and leading non-perishable food drives that benefit local non-profit recipient agencies, including food banks, food pantries, food cupboards, and emergency housing agencies. F4's cooking program seeks volunteers to prepare and provide frozen meals for a shelter to reheat and feed the community. This program enables individuals, families, businesses, and organizations a volunteer opportunity to participate at any time of the year. All f4 services are provided at no cost to the food donors or recipient partners. F4's staff of 2 provided other nonprofit organizations with access to over 2 million pounds of food at no cost. F4's rate of return for every $1 spent is 12 pounds of food donated.

Financial Efficiency

• Mission deployment rate: 58.5%; rating input score 59
• Program expense ratio: 91.3%; rating input score 91
• Fundraising efficiency: $35.1 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th 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: 93.8%; rating input score 94; 26th percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • 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: Fail
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 40.6%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 6.32; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 52; 52nd percentile among comparable filings
• Officer compensation ratio: 56.4%; rating input score 3; 3rd percentile among comparable filings

Growth

• Program expense growth: 30.2% per year; rating input score 100; 90th percentile among comparable filings
• Revenue growth: 9.4% per year; rating input score 100; 70th percentile among comparable filings
• Asset growth: 15.6% per year; rating input score 100; 78th percentile among comparable filings