Friendship Trays Inc

Nonprofit profile at a glance

EIN
561201496
IRS 990 coverage
2010–2021
Forms available
Form 990 2021, Form 990-T 2021
Location
Charlotte, NC, USA
Phone
7043339229
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$459,995
Expenses
$404,992
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Tobe Holmes (President)
  • Keith Pehl (Vice President)

People named in this filing

  • Tobe Holmes (President)
  • Keith Pehl (Vice President)
  • Marilyn Bellinger (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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To deliver nutritious, diet specific meals to individuals throughout the community who are unable to prepare meals for themselves and have no one to do it for them, regardless of age or ability to pay.

What it reported doing in 2021

Friendship Trays delivers more than 700 meals daily to elderly, handicapped, and convalescing people who are unable or greatly restricted in their ability to prepare or secure meals and who reside within the area we can reach with our corps of drivers. Deliveries are at the lunch hour but the meal is a full one, more like what many people are accustomed to for dinner. This meal consists of two separate containers, one with meat or fish, vegetable and such, the other with carbohydrate, salad or fruit, and dessert. Diet orders are obtained for all clients from their doctors, and a range of special diets are available to fill doctors' written orders for certain medical conditions. While all recipients are asked to pay for their meals based on their ability to pay, recipient income alone does not pay for Friendship Trays. Sponsors include approximately 80 faith-based communities and organizations, as well as civic organizations and businesses. Other groups welcome donations of time as volunteers or as donors of the financial resources that allow us to serve all who need nutritious meals.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.

The verdict

STRONG - 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 34
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.6%; rating input score 91
  • Program expense ratio: 86%; rating input score 86
  • Fundraising efficiency: $13.66 raised per $1 spent on fundraising; rating input score 44; 44th 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: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 12%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: -7.4% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: -2.2% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: -1.9% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 90.6% of revenue deployed · 86% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $348K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2010 to 2021
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Growth: Asset growth scored 0/100.