Q&A
Council Member Brewer inquires about Rethink Food's financial model
3:18:46
·
42 sec
Council Member Gale A. Brewer asks Matt Jozwiak from Rethink Food how they make their numbers work despite low funding. Jozwiak explains their cost-effective approach to meal provision in shelters.
- Rethink Food operates at $9.50 to $10 per day per meal
- The organization operates at a loss but sees it as cost-effective compared to alternatives
- Their approach aims to provide better food quality while reducing overall costs in the emergency food system
Gale A. Brewer
3:18:46
I have one question for for you.
3:18:47
So, I obviously said, as council member Juan did, we should work with you.
3:18:53
I think I said it probably out of turn, which is my norm.
3:18:56
But my question is, how do you make the numbers work?
3:18:59
Are you able to make the numbers work despite the low numbers?
Matt Jozwiak
3:19:03
Yes.
3:19:04
We can operate between, the lowest we've been able to go is between is around 9.50 to $10 a day.
3:19:11
We do this at a loss for our organization, council member.
3:19:15
Our organization will lose money, but the way that we look at it is if we make better food for 50¢ that we lose on that meal, then we don't have to feed them down the street for $5 a person.
3:19:26
And so the math makes sense for us.
Gale A. Brewer
3:19:27
Thank you very much.