Food Connect Co
Nonprofit profile at a glance
- EIN
- 813230981
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-N 2017
- Location
- Philadelphia, PA, USA
- Phone
- 2679460898
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Food Programs
Reported finances
- Revenue
- $2,315,863
- Expenses
- $2,386,980
- Assets
- $1,143,274
- Liabilities
- $68,314
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- MEGHA KULSHRESHTHA (EXECUTIVE DIRECTOR)
Highest reported compensation
- MEGHA KULSHRESHTHA (EXECUTIVE DIRECTOR): $153,116 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At food connect, we're dedicated to bridging the gaps in our food system, working to end hunger and fostering healthier communities through our innovative initiatives and programs. We build scalable technologies that support last-mile logistics so that people can get the right food at the right time in times of need. Our aim is to promote sustainable and equitable food practices while reducing the environmental footprint of food waste in our community.
What it reported doing in 2024
Program management, delivery & logistics: we build innovative technology to support customized matching and distribution of food to those in need. We ensure that critical feedback loops between recipients to food providers are captured which furthers food sovereignty and efficiency within the food system. We build thoughtful "food is medicine and food rescue programs so that when vulnerable populations receive critical food assistance, they are also simultaneously improving health outcomes and eliminating food waste.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 70
- Accountability: 94
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.2%; rating input score 85
- Program expense ratio: 82.7%; rating input score 83
- Fundraising efficiency: $8.13 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 20th 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: -3.1%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 6.4%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 33.6% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 32.1% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 34.8% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 85.2% of revenue deployed · 82.7% of spending went to programs
- Governance: 8 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2M in reported program spending
- Leadership: top reported pay $153K · 9 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $392K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.