Foodchester Inc

Nonprofit profile at a glance

EIN
461127937
IRS 990 coverage
2013–2023
Forms available
Form 990 2023
Location
Pleasantville, NY, USA
Phone
9142054545
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Food, Agriculture, and Nutrition N.E.C.

Reported finances

Revenue
$253,836
Expenses
$227,870
Assets
$140,867
Liabilities
$-2,735

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • PETER ROGOVIN (BOARD CHAIR/PRESIDENT)

People named in this filing

  • YVONNE VAN CORT (SECRETARY OF THE BOARD)
  • CAROL BERKOW (BOARD MEMBER)
  • PETER ROGOVIN (BOARD CHAIR/PRESIDENT)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Encourage a healthy community by promoting a sustainable food system with wholesome regionally grown and produced food. Foster a culture of community and support of local retailers.

What it reported doing in 2023

The farmers market, run by dedicated volunteers, is able to bring together regional farmers with locally grown products to a community wishing to purchase healthy fresh products and produce.in addition to providing healthy, fresh regionally grown food, the market serves as a community hub, bringing thousands of people to the downtown central business district and promoting commerce within the village. An important part of of our mission is educating shoppers about the benefits both health and economic of farmers markets. We enage a range of community volunteers, middle and high school interns who get community service credit while learning about regional agriculture and the sources of food in the hudson valley.

Operating model

Revenue model
Earned-program. 78% of the money available for current operations came from fees and other program revenue.
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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.7%; rating input score 76
  • Program expense ratio: 84.4%; rating input score 84
  • Fundraising efficiency: $54.64 raised per $1 spent on fundraising; rating input score 78; 78th 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • 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: 10.2%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0.62; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 1.9% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 75.7% of revenue deployed · 84.4% of spending went to programs
  • Governance: 9 of 9 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $192K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2013 to 2023
  • 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 — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.