The Food Project Inc (EIN 043262532) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

John Wang

Phone

7812598621

Tax Period

2023-10-01 to 2024-09-30

The Food Project Inc, founded in 1994, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $3.9M exceeded revenue, resulting in a 27% operating deficit.

Mission

The Food Project's mission is to create a thoughtful and productive community of youth and adults from diverse backgrounds who work together to build a sustainable food system.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,533,536

Program Service Revenue $221,166

Investment Income $263,700

Other Revenue $7,987

TOTAL REVENUE $3,026,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,556,470

Fundraising Expenses $420,215

Program Expenses $2,487,418

Other Expenses $1,295,332

TOTAL EXPENSES $3,851,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,026,389	$3,588,306	-0.2%
Expenses	$3,851,802	$3,821,765	+0.0%
Net Income	$-825,413	$-233,459	+2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

210

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$101,446

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emmanuel Encarnacion	Board Chair	5.00	Officer Director	$0	$0	$0
Irene Li	Clerk and Board Vice Chair	5.00	Officer Director	$0	$0	$0
Ezra Hausman	Treasurer and Board Finance Committee Chair	5.00	Officer Director	$0	$0	$0
Danielle Benedict	Board Governance Committee Chair	5.00	Officer Director	$0	$0	$0
Jacob Addelson	Board Member	3.00	Director	$0	$0	$0
Amy Ballin	Trustee	3.00	Director	$0	$0	$0
Amanda Gorner	Trustee	3.00	Director	$0	$0	$0
Kathleen Lomatoski	Trustee	3.00	Director	$0	$0	$0
Gissell Lopez	Trustee	3.00	Director	$0	$0	$0
Kristina Pechulis	Trustee	3.00	Director	$0	$0	$0
Jose Sanchez	Trustee	3.00	Director	$0	$0	$0
Sarai Zelada	Trustee	3.00	Director	$0	$0	$0
Evelyn Arrivillaga	Youth Trustee	3.00	Director	$0	$0	$0
Moshammed Jahan	Youth Trustee	3.00	Director	$0	$0	$0
Gardenia Munoz	Youth Trustee	3.00	Director	$0	$0	$0
Reuben Pomerantz	Youth Trustee	3.00	Director	$0	$0	$0
Kimberly Lee	Board Development Committee Chair	5.00	Officer	$0	$0	$0
John Wang	President, Co-Executive Director	40.00	Officer	$101,446	$0	$101,446
Maritza Rosario	Co-Executive Director	40.00	Highest	$100,525	$7,910	$108,435

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,026,389	$3,851,802	$3,626,792	$-825,413
2023	$3,588,306	$3,821,765	$4,528,750	$-233,459
2022	$4,656,541	$3,904,566	$4,407,161	$751,975
2021	$3,962,744	$3,447,642	$4,028,637	$515,102
2020	$3,242,040	$2,806,439	$3,413,609	$435,601
2019	$3,147,996	$3,008,528	$2,548,824	$139,468
2018	$2,718,059	$3,138,488	$2,471,018	$-420,429

The Food Project Inc