Real Food Inc Becker Market

Nonprofit profile at a glance

EIN
821222730
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Willmar, MN, USA
Phone
3208947901
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Rural Economic Development

Reported finances

Revenue
$102,752
Expenses
$106,020
Assets
$34,882
Liabilities
$44,160

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

Leadership & pay

7 people listed

Executive titles in this filing

  • DOROTHY ROSEMEIR (PRESIDENT)

Highest reported compensation

  • BEVERLY DOUGHERTY (GEN MAN/TREA): $29,723 total reported compensation
  • JASON DOUGHERTY (BOARD MEMBER): $612 total reported compensation

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

Overview

Mission

The purpose of this corporation is: - to support economic opportunity, education and informational activities - to increase public awareness and benefits of healthy locally grown food; - to provide all people the opportunity to purchase healthy locally-grown food, fresh or value-added, regardless of ethnicity or income; - to boost the regional economy by providing a sustainable and attainable local food supply for all people

What it reported doing in 2024

To provide all people the opportunity to purchase healthy locally-grown food, fresh or value-added, regardless of ethnicity or income

Operating model

Revenue model
Other-operating. 81% of the money available for current operations came from other operating 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

SUPPORTED - 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: 77
  • Transparency & Controls: 90
  • Accountability: 63
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.4%; rating input score 87
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.2%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 1.27; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 28.6%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 19.9% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 22.4% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 83.2% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 87.4% of revenue deployed · 84.7% of spending went to programs
  • Governance: 7 of 7 board members independent · 1 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $90K in reported program spending
  • Leadership: top reported pay $30K · 7 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • 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: 6 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.