Loaves and Fishes New Haven Inc

Nonprofit profile at a glance

EIN
833038362
IRS 990 coverage
2020–2025
Forms available
Form 990 2025, Form 990-EZ 2019
Location
New Haven, CT, USA
Phone
2038049094
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Banks, Pantries

Official website

Reported finances

Revenue
$1,623,054
Expenses
$1,518,368
Assets
$394,514
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • LORRICE GRANT (EXECUTIVE DIRECTOR)
  • ALISA MASTERSON (CO PRESIDENT)
  • KATHLEEN LUDEWIG (VICE PRESIDENT)
  • JACK GILLETTE (CO PRESIDENT)

Highest reported compensation

  • LORRICE GRANT (EXECUTIVE DIRECTOR): $51,425 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Loaves and fishes shares god's love by providing food, clothing, and community to our neighbors in a safe and welcoming space. We advocate for a more equitable and just food system in greater new haven. We provide food, clothing and access to services that meet neighbors' basic needs so that they have greater agency in making personal finance decisions. We offer culturally appropriate and nutritious food that reflects our neighbors' preferences. We create a welcoming shopping environment where our neighbors choose seasonally appropriate clothing that best suits their needs. We connect our neighbors to other service providers who build on our mission and goals. We foster a community open to all that recognized our shared humanity.

What it reported doing in 2025

We offer a wide range of nutritious food. We strive to have every guest from first to last have the same opportunities to take home popular items such as milk, eggs, meat, and fresh vegetables. Part of our budget is used to purchase culturally appropriate and popular foods available to all guests. We source food from gardeners, local farms, grocers, Connecticut food bank, and local food rescue organizations.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.4%; rating input score 90
  • Program expense ratio: 96.6%; rating input score 97
  • Fundraising efficiency: $54.55 raised per $1 spent on fundraising; rating input score 77; 77th 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; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: 6.4%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 53; 53rd percentile among comparable filings

Growth

  • Program expense growth: 35% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 29.2% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 15.5% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 90.4% of revenue deployed · 96.6% of spending went to programs
  • Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.5M in reported program spending
  • Leadership: top reported pay $51K · 14 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Sustainability: Total-asset coverage ratio scored 13/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Review — Sustainability: Officer compensation ratio scored 53/100.