Our Daily Bread Inc

Nonprofit profile at a glance

EIN
611698166
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Denton, TX, USA
Phone
9403878563
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Banks, Pantries

Official website

Reported finances

Revenue
$3,744,645
Expenses
$4,025,501
Assets
$1,429,996
Liabilities
$29,961

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Wendy McGee (Executive Director)
  • Roy Metzler (President)
  • Jorge Cordova (Vice President)

Highest reported compensation

  • Wendy McGee (Executive Director): $122,090 total reported compensation
  • Woody Graham (Director): $117,930 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our Daily Bread feeds, shelters, and cares for the homeless and at-risk in our community while maintaining the dignity of our guests and offering opportunities for a new start.

What it reported doing in 2024

Our Service program provides assistance to clients in obtaining social services, job search and maintaining contact with family. Referrals to other social service agencies, for medical care, prescriptions, clothing, housing assistance, utility assistance, etc., averaging over 1,100 per month Computer use for job searches and to keep in touch with family Free Long distance and local telephone service for clients Mail Address service including receiving, sorting, and distribution of mail to clients, currently serving 1,590 homeless On-site Medical/Nursing services provided 3 times per week by a physician and registered nurses, who monitor blood pressure, give flu immunizations, provide diabetes counseling, and provide illness care, including prescriptions Application assistance for SNAP, CHIPS-Medicaid for Children, MHMR Connections and other programs as needed. SNAP representative on site weekly. Financial assistance to help clients receive Texas Department of Public Safety Identification Cards On-site representatives from multiple social services agencies such as: Catholic Charities Saint Josephs Weekend snack pack program for the homeless, includes summer menus developed by the TWU Nutrition department, as well as winter Meals Ready to Eat Hygiene items which are available as requested by clients, providing an average of 8,500 items per month

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.
  • 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.9%; rating input score 89
  • Program expense ratio: 82.7%; rating input score 83
  • Fundraising efficiency: $34.86 raised per $1 spent on fundraising; rating input score 72; 72nd 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: 5 of 8 controls in place; rating input score 62
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -7.5%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 17.8% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 16.4% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 88.9% of revenue deployed · 82.7% of spending went to programs
  • Governance: 11 of 11 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $3.3M in reported program spending
  • Leadership: top reported pay $122K · 13 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.