Meals by Grace 
The information on this page was last updated 11/21/2024. If you see errors or omissions, please email: [email protected]
Summary
Feeding Hungry Children in North Georgia
Contact information
Mailing address:
Meals by Grace
775 Sanders Road
Cumming, GA 30041
Website: www.mealsbygrace.org
Phone: 404.426.4055
Email: [email protected]
Organization details
EIN: 462706835
CEO/President: Suellen Daniels/ Stephen Daniels
Chairman: Leah Wheeler Riess
Board size: 12
Founder: Stephen and Suellen Daniels
Ruling year: 2014
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Meals by Grace feeds hungry children and their families in Forsyth and Dawson Counties in Georgia, providing free food through home delivery and a client-choice pantry.
Mission statement
Our mission is to bring food, hope & transformation to children and families in need, with resources from our community, so that children can go to bed
Statement of faith
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 44 of 1107 | 6 of 138 |
| Fund acquisition rating | | 115 of 1108 | 3 of 138 |
| Resource allocation rating | | 41 of 1108 | 6 of 138 |
| Asset utilization rating | | 293 of 1107 | 34 of 138 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 2% | 6% | 8% | 1% | 3% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 2% | 6% | 8% | 1% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 99% | 97% | 97% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 2% | 7% | 9% | 2% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 1% | 3% | 3% | 0% | 0% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 92% | 83% | 80% | 93% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 93% | 86% | 84% | 68% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 74% | 86% | 72% | 67% | 63% | 85% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 7% | 14% | 16% | 32% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 8% | 15% | 20% | 66% | 17% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 6% | 10% | 11% | 5% | 7% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 1.10 | 0.90 | 0.99 | 1.30 | 1.40 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.92 | 1.05 | 1.05 | 1.52 | 1.66 | 3.35 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 1.15 | 0.94 | 1.51 | 2.15 | 4.69 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.15 | 48.13 | 31.92 | 17.09 | 29.70 | 10.19 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.02 | 0.03 | 0.06 | 0.03 | 0.10 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.03 | 10.19 | 12.33 | 7.49 | 5.40 | 2.31 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 2% | 3% | 4% | 6% | 46% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 4% | 43% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 154% | 89% | 108% | 97% | 72% | 38% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $2,091,143 | $1,879,714 | $1,051,219 | $859,551 | $251,479 |
| Receivables, inventories, prepaids | $38,601 | $75,724 | $116,590 | $19,898 | $7,470 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,129,744 | $1,955,438 | $1,167,809 | $879,449 | $258,949 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $98,348 | $80,851 | $79,284 | $576,154 | $609,383 |
| Other long-term assets | $0 | $23,591 | $529,108 | $0 | $0 |
| Total long-term assets | $98,348 | $104,442 | $608,392 | $576,154 | $609,383 |
| Total assets | $2,228,092 | $2,059,880 | $1,776,201 | $1,455,603 | $868,332 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $44,247 | $61,265 | $68,315 | $29,610 | $25,412 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $44,247 | $61,265 | $68,315 | $29,610 | $25,412 |
| Debt | $0 | $0 | $0 | $61,200 | $377,570 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $61,200 | $377,570 |
| Total liabilities | $44,247 | $61,265 | $68,315 | $90,810 | $402,982 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $2,133,845 | $1,998,615 | $1,707,886 | $1,364,793 | $465,350 |
| With donor restrictions | $50,000 | $0 | $0 | $0 | $0 |
| Net assets | $2,183,845 | $1,998,615 | $1,707,886 | $1,364,793 | $465,350 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $2,618,507 | $2,078,563 | $2,036,880 | $2,789,605 | $1,294,302 |
| Program service revenue | $0 | $0 | $56,730 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $26,264 | $54,873 | $0 | $0 | $0 |
| Other revenue | ($3,213) | $1,320 | $10,288 | $0 | $0 |
| Total other revenue | $23,051 | $56,193 | $67,018 | $0 | $0 |
| Total revenue | $2,641,558 | $2,134,756 | $2,103,898 | $2,789,605 | $1,294,302 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $2,260,112 | $1,531,240 | $1,400,135 | $1,747,679 | $1,095,133 |
| Management and general | $142,202 | $183,493 | $199,785 | $100,212 | $81,877 |
| Fundraising | $54,014 | $129,294 | $160,885 | $39,087 | $36,342 |
| Total expenses | $2,456,328 | $1,844,027 | $1,760,805 | $1,886,978 | $1,213,352 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $185,230 | $290,729 | $343,093 | $902,627 | $80,950 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $185,230 | $290,729 | $343,093 | $902,627 | $80,950 |
Compensation
| Name | Title | Compensation |
| Suellen Daniels | Executive Dir. | $101,586 |
| Stephen Daniels | President | $92,184 |
Compensation data as of: 12/31/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/21/2024. To update the information below, please email: [email protected]