Why This Works

The merger proposal is rooted in the individual strength of our organizations and our shared values. Over the past several months, both boards have shared and reviewed detailed internal, confidential information on finances, staffing, governance and more. This process has been grounded in transparency, trust and
long-term sustainability.

Still have questions? Reach out to us online, come to an event or visit us in-store. Vote between Sept. 12 and Oct. 8!

Why This Works

Both co-ops are financially stable, which is exactly what gives this proposal its power.
Together, we strengthen buying power, boost resilience, and future-proof our co-ops.
This is a rare merger of equals – with four peer-sized stores and 25,000 member-owners across four distinct neighborhoods.
We are committed to protecting the unique identity of each neighborhood co-op store.

Our Review Process

Governance & Leadership: Bylaws, articles of incorporation, board policies & structure and leadership rosters.
Staff & HR: Org charts, compensation policies and ranges, benefits, employment agreements and labor-related filings (if any).
Financials: Audited financials (past 5 years), current budgets, balance sheets and insurance coverage.
Legal & Compliance: Licenses, permits, material contracts and any past or pending legal issues (if any).
Assets & Operations: Buildings, leases, equipment, intellectual property and IT systems.
Fundraising & Funding: Member loan agreements, grant sources, major donors and preferred stock structures.
Strategic Planning: Past and current strategic and development plans, including vision for future growth and service.
Environmental & Safety: Documentation related to environmental impact, chemical storage, and any past reviews or claims.
Tax & Audit History: Recent tax returns, any IRS or state audits and related correspondence.

Balance Sheet

Income Statement

  
      Category
      Mississippi Market
Unaudited
6/30/2025
      River Market
Unreviewed
6/30/2025
      Combined
Unaudited/Reviewed
6/30/2025
    

  Current Assets

      Cash and CDs
      6,857,636
      899,557
      7,757,193
    

      Accounts and Notes Receivable
      6,164
      12,506
      18,670
    

      Inventory
      1,377,462
      244,520
      1,621,982
    

      Prepayments
      1,307,051
      36,086
      1,343,137
    

      Subtotal Current Assets
      9,548,313
      1,192,669
      10,740,982
    

      Fixed Assets (Net of Accum. Depreciation)
      11,270,000
      206,223
      11,476,223
    
Other Assets

      Other Assets
      1,083,229
      1,689,651
      2,772,880
    

      Total Assets
      21,901,542
      3,088,543
      24,990,085
    
Current Liabilities

      Accounts Payable
      1,147,353
      289,642
      1,436,995
    

      Accrued Payroll & Benefits
      417,485
      114,556
      532,041
    

      Current Maturities of Long Term Debt
      229,623
      -
      229,623
    

      Accrued Expenses
      770,710
      47,582
      818,292
    

      Subtotal Current Liabilities
      2,565,172
      451,780
      3,016,952
    

      Long-term Liabilities
      7,469,286
      1,361,503
      8,830,789
    
Patrons' Equity

      Member Equity
      11,717,349
      1,155,005
      12,872,354
    

      Year-To-Date Net Income
      149,735
      120,255
      269,990
    

      Subtotal Patrons' Equity
      11,867,084
      1,275,260
      13,142,344
    

      Total Liabilities and Equity
      21,901,542
      3,088,543
      24,990,085
    

  
      Category
      Mississippi Market Co-op
Unaudited June 30, 2025
      River Market Co-op
Unreviewed June 30, 2025
      Combined
Unaudited/Reviewed June 30, 2025
    

      
      BudgetActual% of Sales
      BudgetActual% of Sales
      Actual% of Sales
    

  Revenue

      Sales
      32,862,51834,455,884100.00%
      7,752,7627,949,649100.00%
      42,405,533100.00%
    

      Cost of Goods Sold
      (19,909,181)(20,866,011)60.56%
      (4,782,611)(4,880,853)61.40%
      (25,746,864)60.72%
    

      Gross Margin
      12,953,33713,589,87339.44%
      2,970,1513,068,79638.60%
      16,658,66939.28%
    
Expenses

      Personnel Expense (Includes Labor)
      (8,411,711)(8,682,897)25.20%
      (1,784,227)(1,952,567)24.56%
      (10,635,464)25.08%
    

      Occupancy Expense
      (1,722,466)(1,949,180)5.66%
      (481,321)(418,866)5.27%
      (2,368,046)5.58%
    

      Operating and Administrative Expense
      (1,798,674)(2,036,871)5.91%
      (415,821)(442,621)5.57%
      (2,479,492)5.85%
    

      Member Sales Discount Expense
      (532,966)(561,990)1.63%
      (118,112)(121,480)1.53%
      (683,470)1.61%
    

      Promotions Expense
      (268,239)(243,114)0.71%
      (64,791)(48,149)0.61%
      (291,263)0.69%
    

      Total Expenses
      (12,734,056)(13,474,052)39.11%
      (2,864,272)(2,983,683)37.53%
      (16,457,735)38.81%
    

      Net Operating Income
      219,281115,8210.34%
      105,87985,1131.07%
      200,9340.47%
    

      Other Income
      185,726492,5571.43%
      7,40044,2390.56%
      536,7961.27%
    

      Other Expenses
      (361,000)(390,643)1.13%
      (76,500)(9,097)0.11%
      (399,740)0.94%
    

      Tax Expense
      -(68,000)0.20%
      (8,314)-0.00%
      (68,000)0.16%
    

      Net Income (Loss)
      44,007149,7350.43%
      28,465120,2551.51%
      269,9900.64%
    

Category	Mississippi Market Co-op Unaudited June 30, 2025			River Market Co-op Unreviewed June 30, 2025			Combined Unaudited/Reviewed June 30, 2025
	Budget	Actual	% of Sales	Budget	Actual	% of Sales	Actual	% of Sales
Revenue
Sales	32,862,518	34,455,884	100.00%	7,752,762	7,949,649	100.00%	42,405,533	100.00%
Cost of Goods Sold	(19,909,181)	(20,866,011)	60.56%	(4,782,611)	(4,880,853)	61.40%	(25,746,864)	60.72%
Gross Margin	12,953,337	13,589,873	39.44%	2,970,151	3,068,796	38.60%	16,658,669	39.28%
Expenses
Personnel Expense (Includes Labor)	(8,411,711)	(8,682,897)	25.20%	(1,784,227)	(1,952,567)	24.56%	(10,635,464)	25.08%
Occupancy Expense	(1,722,466)	(1,949,180)	5.66%	(481,321)	(418,866)	5.27%	(2,368,046)	5.58%
Operating and Administrative Expense	(1,798,674)	(2,036,871)	5.91%	(415,821)	(442,621)	5.57%	(2,479,492)	5.85%
Member Sales Discount Expense	(532,966)	(561,990)	1.63%	(118,112)	(121,480)	1.53%	(683,470)	1.61%
Promotions Expense	(268,239)	(243,114)	0.71%	(64,791)	(48,149)	0.61%	(291,263)	0.69%
Total Expenses	(12,734,056)	(13,474,052)	39.11%	(2,864,272)	(2,983,683)	37.53%	(16,457,735)	38.81%
Net Operating Income	219,281	115,821	0.34%	105,879	85,113	1.07%	200,934	0.47%
Other Income	185,726	492,557	1.43%	7,400	44,239	0.56%	536,796	1.27%
Other Expenses	(361,000)	(390,643)	1.13%	(76,500)	(9,097)	0.11%	(399,740)	0.94%
Tax Expense	-	(68,000)	0.20%	(8,314)	-	0.00%	(68,000)	0.16%
Net Income (Loss)	44,007	149,735	0.43%	28,465	120,255	1.51%	269,990	0.64%