Food Cooperative
Nonprofit profile at a glance
- EIN
- 330523109
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- La Jolla, CA, USA
- Phone
- 4087346940
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $23,756
- Expenses
- $25,825
- Assets
- $13,670
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Soyee Cho (Co-Head of Finance)
- Khayaal Desai-Hunt (General Manager)
- Laurance Shipley (Co-Head of Finance)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide no cost and low cost meals to student community.
What it reported doing in 2024
The Food Cooperative provides affordable, healthy, plast-based meals to the UC San Diego community. We maintain low prices (under $5/meal) and have a Pay It Forward program to provide anyone a free meal, no matter the day.
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
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 82
- Sustainability: 39
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 28.7%; rating input score 29
- Program expense ratio: 26.4%; rating input score 26
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -8.7%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -26.5% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: -10.4% per year; rating input score 0; 24th percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 28.7% of revenue deployed · 26.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $7K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2012 to 2024
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 29/100.
- High — Financial Efficiency: Program expense ratio scored 26/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.