First Place Food Pantry Inc

Nonprofit profile at a glance

EIN
470994740
IRS 990 coverage
2018–2022
Forms available
Form 990 2022, Form 990-EZ 2017
Location
Troy, OH, USA
Phone
9373352826
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Banks, Pantries

Reported finances

Revenue
$1,620,770
Expenses
$1,684,321
Assets
$385,327
Liabilities
$20,659

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

Leadership & pay

6 people listed

People named in this filing

  • KENNY BLOCK (DIRECTOR)
  • SHARON BUSE (CHAIRMAN)
  • TIM KOZUL (DIRECTOR)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide food and personal care items for low income households in troy and casstown, Ohio.

What it reported doing in 2022

Fortunes can change in an instant a layoff, an accident, a long-term illness, or other unexpected event can have a significant impact on a family. Seeing so many families in need, reminds all of us how easily our lives can take a turn for the worse without any notice, says donna wilkerson, operations manager, first place food pantry. When a familys food budget gets slashed, caring about nutrition drops down on the priority scale. Recently, a new family came to the food pantry. The wife had a debilitating heart attack. Her husband had to retire from work to care for her. Applying for assistance takes a long time. Finances got tight and medical expenses kept mounting. Thankfully, a neighbor checked in on them one day and saw their need. She told them about first place food pantry. They had one can of soup, a loaf of bread and peanut butter left in the cupboard. He had lost 54 pounds and she had lost 30 pounds. When they visited our drive-up food pantry for the first time, they were embarrassed they had to ask for help. But they were so grateful for the food they received. The second time they came back to the food pantry he said we got to eat a full meal which we had not had in a long time we had meat, fresh vegetables, pasta, and .... Dessert we again have food on our shelves. We can't thank you enough

Operating model

Revenue model
Donor-supported. 100% 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

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.9%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 63.7% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 52.5% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 48% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 6 of 6 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2018 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.