Overview
What is Preferred Nutrition Inc?
Preferred Nutrition Inc, located in Tulsa, Oklahoma, serves as a sponsoring agency, providing essential administrative and financial support for the Child and Adult Care Food Program operations in various family day care homes across the state. Their mission involves assuming responsibility for the smooth operation of these food programs, ensuring that children and adults in these homes receive nutritious meals. With a modest workforce of two individuals, Preferred Nutrition Inc plays a vital role in fostering a nurturing environment for families and individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 49%, Zero-Star out of Four Star rating.
Preferred Nutrition Inc has received a low rating of 49%, indicating significant concerns regarding its accountability and financial management. While the organization boasts 100% independent board members, it has struggled in areas such as financial transparency and adherence to best practices. The lack of publicly accessible financial statements and other documentation raises red flags about its operational transparency.
Despite these issues, the organization does demonstrate a strong commitment to its mission, as evidenced by a perfect program expense ratio. This suggests that a substantial portion of its funding is directed toward its programs rather than administrative costs. However, deficiencies in key governance policies, including a whistleblower policy and document retention practices, limit its overall accountability.
The financial health of Preferred Nutrition Inc appears to be a concern, with no points awarded in several important financial categories, including liabilities to assets ratio. While the organization has some strengths, the significant shortcomings in financial reporting and governance practices highlight the need for improvement to foster greater trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Preferred Nutrition Inc legitimate?
Preferred Nutrition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preferred Nutrition Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $54,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,189
For more financial information, click here
What is the mission statement of Preferred Nutrition Inc?
Preferred Nutrition Inc serves as a sponsoring agency, assuming both the administrative and financial responsibilities for the operation of food programs for family day care homes for children and adults. Their mission is centered around providing support for these food programs, ensuring they run smoothly and effectively. By taking on this role, Preferred Nutrition Inc contributes to the overall well-being of individuals in family day care homes by managing their food program operations. This commitment extends to various locations, as evidenced by their involvement in family day care homes throughout the state of Oklahoma.
Who is the CEO of Preferred Nutrition Inc?
Susan Magill is the Executive Di of Preferred Nutrition Inc.
What is the revenue of Preferred Nutrition Inc?
Preferred Nutrition Inc's revenue in 2022 was $748,713.
Who are the executives of Preferred Nutrition Inc and what are their salaries?
The average compensation at Preferred Nutrition Inc during 2022 was $40,374. There are 2 employees at Preferred Nutrition Inc.
Here are 3 key members and their salaries:
- Compensation: $54,560
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Preferred Nutrition Inc?
Preferred Nutrition Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Preferred Nutrition Inc
Preferred Nutrition Inc, serving as a sponsoring agency, assumes the administrative and financial responsibilities for the operation of child and adult food programs in family day care homes across various locations. This nonprofit organization plays a vital role in ensuring that these family day care homes are equipped to provide nutritious meals for both children and adults, thereby supporting the overall well-being of the families they serve. By taking on this administrative and financial responsibility, Preferred Nutrition Inc helps maintain the smooth operation of these food programs, ensuring that they adhere to all necessary guidelines and standards. This commitment to nutritional support for families in family day care homes is a significant part of Preferred Nutrition Inc's mission.
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Impact
July, 2024
Preferred Nutrition Inc's impact is significant in the state of Oklahoma, specifically in Tulsa, where they assume administrative and financial responsibility for child and adult food program operations for family day care homes. By providing this crucial support, Preferred Nutrition Inc ensures that these care facilities can effectively feed and nourish children and adults in need. Through their dedication to this mission, they play a vital role in promoting the health and well-being of vulnerable populations in the community.
This information is meant to be a general summary of Preferred Nutrition Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $748,713
Assets and Liabilities:
- Total Assets: $66,293
- Total Liabilities: $51,894
- Net Assets: $14,399
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Organization Details
Founding Year
1993
Phone
(918) 251-7351Principal Officer
Susan Magill
Main Address
8506 E 41ST ST, TULSA, OK, 74145
NTEE Category
Code: Z99Z - Unknown
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