SPECIALTY FOOD ASSOCIATION INC (EIN 131934121) - 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

1952

Legal Domicile

Principal Officer

WILLIAM LYNCH

Phone

2124826440

Tax Period

2023-01-01 to 2023-12-31

SPECIALTY FOOD ASSOCIATION INC, founded in 1952, is a mid-sized nonprofit that reported $28.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $25.9M left a modest 8% surplus.

Mission

THE SPECIALTY FOOD ASSOCIATION, INC. (SFA) IS A TRADE ASSOCIATION WHICH, THROUGH ITS MEDIA PROGRAMS, THE FANCY FOOD SHOW, AND ITS MEMBERSHIP OF OVER 3,800 SPECIALTY FOOD COMPANIES WORKS TO FOSTER A THRIVING SPECIALTY FOODS MARKETPLACE.

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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 $0

Program Service Revenue $25,779,553

Investment Income $2,370,275

Other Revenue $1,635

TOTAL REVENUE $28,151,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,958,099

Fundraising Expenses $0

Other Expenses $16,898,864

TOTAL EXPENSES $25,856,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,151,463	$31,371,451	-0.1%
Expenses	$25,856,963	$21,901,278	+0.2%
Net Income	$2,294,500	$9,470,173	-0.8%

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

Volunteers

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

$1,306,521

Total Directors

$52,235

Key Employees

$1,835,977

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN E PRUDEN	CHAIR	2.00	Officer Director	$3,547	$0	$3,547
CHARLES APT	PAST CHAIR	2.00	Officer Director	$2,232	$0	$2,232
NONA YEANHONG LIM	VICE CHAIR	2.00	Officer Director	$3,547	$0	$3,547
PIERRE A ABUSHACRA	TREASURER	2.00	Officer Director	$2,500	$0	$2,500
JILL GIACOMINI BASCH	SECRETARY	2.00	Officer Director	$3,668	$0	$3,668
JULIE BUSHA	DIRECTOR	2.00	Director	$3,297	$0	$3,297
ELIZABETH A HALEY	DIRECTOR	2.00	Director	$3,426	$0	$3,426
VICTORIA HO	DIRECTOR	2.00	Director	$3,668	$0	$3,668
SCOTT JENSEN	DIRECTOR	2.00	Director	$3,708	$0	$3,708
TYLER S LOWELL	DIRECTOR	2.00	Director	$0	$0	$0
SARAH Z MASONI	DIRECTOR	2.00	Director	$3,668	$0	$3,668
EMILIO MIGNUCCI	DIRECTOR	2.00	Director	$2,903	$0	$2,903
JOMAREE PINKARD	DIRECTOR	2.00	Director	$3,426	$0	$3,426
MIKE REICH	DIRECTOR	2.00	Director	$3,184	$0	$3,184
DWIGHT RICHMOND	DIRECTOR	2.00	Director	$2,500	$0	$2,500
SARAH WALLACE	DIRECTOR	2.00	Director	$4,461	$0	$4,461
LEE ZALBEN	DIRECTOR	2.00	Director	$2,500	$0	$2,500
WILLIAM LYNCH	PRESIDENT	40.00	Officer	$523,820	$305,285	$829,105
LYSA TEAL	SVP, FINANCE & PLANNING	40.00	Officer	$392,885	$69,037	$461,922
LAURA LOZADA	VP, OPERATIONS	40.00	Key Emp	$213,094	$22,481	$235,575
DENISE PURCELL	VP, RESOURCE DEVELOPMENT	40.00	Key Emp	$210,786	$37,790	$248,576
PHIL ROBINSON	SVP, MEMBER DEVELOPMENT	40.00	Key Emp	$314,129	$81,937	$396,066
ANTHONY LEON	VP, TECHNOLOGY	40.00	Key Emp	$221,553	$45,222	$266,775
LEANA SALAMAH	SVP, MARKETING & COMMUNICATIONS	40.00	Key Emp	$209,793	$32,697	$242,490
DELIA MURPHY	VP, RELATIONS	40.00	Key Emp	$175,614	$15,673	$191,287
AKI CIPRIANI	VP, TALENT & CULTURE THRU OCT. 2023	40.00	Key Emp	$222,717	$32,491	$255,208
NANCY WEISS	DIR. OF ACCOUNTING & CONTROLLER	40.00	Highest	$176,397	$61,326	$237,723
CLAUDINE BERTI	DIR., RESEARCH & DATA ANALYTICS	40.00	Highest	$167,659	$65,290	$232,949
MICHELLE MCDONALD	DIR., MEMBER & BUYER RELATIONS	40.00	Highest	$160,217	$53,594	$213,811
GRETCHEN VANESSELSTYN	DIR., EDUCATION AND PROGRAM DEVELOPMENT	40.00	Highest	$158,780	$21,242	$180,022
TRESSA KENNEDY	DIRECTOR, OPERATIONS	40.00	Highest	$154,755	$34,302	$189,057

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	No data	No data	No data	No data
2023	$28,151,463	$25,856,963	$84,400,298	$2,294,500
2022	$31,371,451	$21,901,278	$75,601,880	$9,470,173
2021	$14,537,504	$14,569,021	$69,762,425	$-31,517
2020	$24,069,397	$22,812,110	$76,782,309	$1,257,287
2019	$30,229,641	$32,347,706	$75,124,596	$-2,118,065
2018	$29,945,722	$28,903,909	$71,351,106	$1,041,813

SPECIALTY FOOD ASSOCIATION INC