2017 Annual Report
Who We Are
Cover Photo: Harvest Hill Farm, Walden VT. Photographer, Corey Hendrickson. Above: Expansion Photograph, commissioned by gbA. Photographer, Gary Hall.
Annual Report 2017 / Contributors Jessy Smith, Designer Kristina Zontini, Marketing Director
Format inspired by National Co+op Grocers (NCG).
Minnie Cushing, Controller
Iconography courtesy of the Noun Project.
Melissa Bridges, HR & Member Services
○ × ∆ thenounproject.com
Member-owned Littleton Food Co-op strives to serve the North Country of New Hampshire and the neighboring Northeast Kingdom of Vermont by providing a broad range of high-quality conventional, natural, and local food products offered at a fair price, with outstanding service. The Co-op exists to serve our members and our community, not to ship away profits to a far away out-of-state corporate office. Membership isn’t required to shop at the Littleton Food Co-op, but community members should consider joining! Our member-owners help govern the Co-op by annually electing our Board of Directors and contributing in other ways — from suggesting items for the store to serving on volunteer Co-op committees. Our member-owners also help us maintain the Co-op’s mission of supporting local growers and producers, encouraging healthy life choices, and promoting environmental and economic sustainability locally.
General Manager's Report Ed King, General Manager
The Littleton Food Co-op has made great strides as an organization in 2017. With your help, we completed our expansion project which gives us capacity to continue our growth for years to come. Our expansion has helped us accomplish multiple goals of our cooperative. Most importantly we are here to serve our growing Membership (6290 and counting) as a retail store. We have expanded our variety of local and healthy options and reduced crowding in our Co-op. Other goals accomplished by our expansion involve our economic impact. We have added 20 positions over the last 2 years, more than half of which are full time with benefits. We have also been moving towards a living wage for our employees. Our Co-op also impacts the local economy by making local purchases, more than $2.1 million from farms and producers in our region. Weâ&#x20AC;&#x2122;re committed to keeping your food dollars local as much as possible. Littleton Food Co-op's impact on our Community is also boosted by our expansion. Our Partner of the Month Program has never been more vibrant thanks to the
generosity of our shoppers. We have space to host more and more educational and community events. Our investment in energy efficiency serves as an example for other local businesses. We also support access to healthy foods through our aptly named Healthy Food Access Program and the newly implemented Granite State Market Match program.
It's been an eventful year and there's just not enough room here to cover everything we've accomplished. Please check out my full report, available at our Annual Meeting and online @ littletonfoodcoop.com
7824 36 $ 9228 $ 13.5K $ 2.11M
Pounds of Food Donated
Healthy Food Access Members
6290 540 $ 65.3K
New Members in 2017 Total Member Discounts, 2017
Donated to Community
Donated to Partners Purchases from Local Producers
Education & Events
EVENTS HELD IN THE CAFÃ&#x2030;
By the Numbers
7600 8 2
Excellence in Architecture
Sq. Ft. added @ Ground Level
Sq. Ft. added of Office Space
Doors added to Coolers
Level Two Car Charging Stations
American Institute of Architects "gbA Architecture & Planning worked with the staff and members of the Littleton Food Co-op to design an expansion that will help increase annual sales and local purchases, as well as to create up to 30 new jobs. The Littleton Co-op serves the North Country of New Hampshire and the Northeast Kingdom of Vermont. Its mission to support local growers and promote environmental sustainability locally, as well as its wide range of products and wonderful staff, have created an essential presence in the area. The addition includes a cafĂŠ/community center, a teaching kitchen, administrative offices, a pavilion and marketplace, and an expansion of the existing receiving and retail spaces, as well as outdoor landscaping and a new plaza for seasonal planting displays and a farmer's market. We also achieved a highly energy efficient design that allows the building to uphold the co-op's principals (sic) of sustainability."
Three Year Financial Highlights Summary of Operations Net Sales Cost of Goods Sold Gross Profit Operating & Admin. Expenses Interest Expense Other (Income) Expenses (Benefit From) Provision for Income Tax Net Income (Loss)
$ 11,253,575 7,564,724 3,688,851 3,595,719 192,122 40,883 (109,300) $ (30,573)
$ 10,104,458 6,760,369 3,344,089 3,031,563 191,723 (10,586) 30,300 $ 101,089
$ 9,822,011 6,583,723 3,238,288 2,908,963 90,984 (62,896) 104,000 $ 197,237
1,351,364 6,129,560 1,114,028 $ 8,594,952 617,721 7,174,248 84,900 718,083 $ 8,594,952 401,715
2,017,343 4,499,732 2,843,408 $ 9,360,483 1,295,125 7,164,152 182,400 718,806 $ 9,360,483 371,865
1,016,136 2,894,320 277,356 $ 4,187,812 639,406 2,731,864 221,900 594,642 $ 4,187,812 348,790
Balance Sheet Data Current Assets Property, Plant and Equipment â&#x20AC;&#x201D; net Other Assets Total Assets Current Liabilities Long-term Debt, less current maturities Deferred Tax Liability Member Equity Total Liabilities and Equity Membership Contributed Capital
*These figures do not include the financing activities of our subsidiary, Littleton Food Market.
2015 2016 2017
1.54 1.19 0.86 Gal Per Sq. Ft.
Gal Per Sq. Ft.
Gal Per Sq. Ft.
-33% -44% vs. 2015
2015 2016 2017 36.8 37.0 22.8 kW. h
Per Sq. Ft.
Per Sq. Ft.
vs. 2015 *2016 Includes Construction Electric
Per Sq. Ft.
-39% vs. 2015
105 19 29.4K
Solar Panels @ the Co-op MWâ&#x20AC;¢h Generated via Solar Since 07/2017
Lbs of CO2 Emissions Saved Since 07/2017
Equivalent to Planting
Estimated Annual Usage Offset by Solar
100% OF STAFF
earn livable wages
Purchases from local Producers
2017 local purchases
of purchases in 2017
OF STAFF eligible for healthcare
Co-op Employees and Suppliers @ our 2017 Annual Grower's Meeting.
Co-p Staff Participating in United Way's "Day of Caring" Event.
Sales in 2017
68% 32% from member-owners
from other shoppers