Harvest Discount Foods

What it reported doing in 2013

Harvest discount foods provides reduced-cost food and household items for the less fortunate of our community, those suffering from the hard circumstances and poor economic climate of our time, such as loss of employment, bad health, and other socio-economic conditions.our store is stocked with new, quality, salvage food, household products, and laundry soaps and personal hygiene products. We also offer at different seasons of the year fresh and frozen produce, and fresh and frozen meats at heavily discounted prices and sometimes at no cost to the person.during 2013, approximately 10,000 people shopped at harvest discount foods. Many of those customers used ebt cards. Most of these sales came from people with very little or no income, and who would have had to pay full retail at regular stores and receive far less for their money.we also provide heavily discounted vouchers for our products to churches and other non-profit organizations. These organizations purchase the vouchers for $20 and in turn give the vouchers away to people in their congregations or field of influence who depend on them for support. The vouchers are then redeemed in our store for $25 worth of food or other items of their choice. Some of the churches would not be able to sustain their programs without this support. We redeemed 249 such food vouchers in 2013. We are community-oriented and allow from time to time the use of our building to various charitable organizations so they can provide dinners for the homeless such as at thanksgiving and christmas. Occasionally we recruit and organize volunteers that provide labor for these events.in 2013 we provided free office space for six months to urban restoration, a nonprofit that supports children in an after-school program. Without our support they would not have been able to help these children. Further, we donated $3,855 in cash and food to local ministries in support of their missions projects.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 69.1%; rating input score 69
• Fundraising efficiency: $0.27 raised per $1 spent on fundraising; rating input score 4; 4th 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: 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: 2 of 7 controls in place; rating input score 29
  • 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: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -16.7%; rating input score 15; 15th percentile among comparable filings
• Total-asset coverage ratio: 0.32; rating input score 18; 18th percentile among comparable filings
• Liabilities to assets ratio: 1.05; rating input score 7; 7th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: -26.9% per year; rating input score 0; 6th percentile among comparable filings
• Asset growth: -21.9% per year; rating input score 0; 8th percentile among comparable filings