FOOD ALLERGY RESEARCH & EDUCATION INC (EIN 133905508) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

SUNG POBLETE PHD

Phone

7036913179

Tax Period

2023-01-01 to 2023-12-31

FOOD ALLERGY RESEARCH & EDUCATION INC, founded in 1998, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $14.6M in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $13.2M left a modest 9% surplus.

Mission

FARE'S MISSION IS TO IMPROVE THE QUALITY OF LIFE AND THE HEALTH OF INDIVIDUALS WITH FOOD ALLERGIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,309,504

Program Service Revenue $773,410

Investment Income $1,101,469

Other Revenue $0

TOTAL REVENUE $16,184,383

Expense Breakdown

Grants Paid $3,798,273

Salaries & Benefits $10,254,966

Fundraising Expenses $2,980,476

Program Expenses $14,382,883

Other Expenses $5,400,184

TOTAL EXPENSES $19,727,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,184,383	$11,889,564	+0.4%
Expenses	$19,727,432	$26,314,429	-0.3%
Net Income	$-3,543,049	$-14,424,865	-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

$1,005,569

Total Directors

Key Employees

$709,050

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUNG-AH POBLETE PHD	CEO	40.00	Officer	$612,328	$26,446	$638,774
BRUCE ROBERTS CHIEF	RESEARCH OFFICER - UNTIL 03/2023	40.00	Key Emp	$461,000	$17,453	$478,453
DEBORAH MORRISON	CFO	40.00	Officer	$350,241	$16,554	$366,795
MICHAEL TRAGER	VP OF DEVELOPMENT	40.00	Highest	$275,445	$51,503	$326,948
JASON LINDE	VP OF ADVOCACY	40.00	Highest	$244,176	$50,359	$294,535
JENNIFER BUFFORD	VP OF CLINICAL OPERATIONS	40.00	Highest	$202,967	$48,617	$251,584
ROBERT OLIVER EARL	VP OF REGULATORY AFFAIRS	40.00	Highest	$236,258	$11,039	$247,297
CRAIG FONTENOT	VP OF INSTITUTIONAL ADVANCEMENT	40.00	Highest	$220,884	$22,045	$242,929
DOMINIQUE RODRIQUEZ-SWAYER	CHIEF PEOPLE OFFICER	40.00	Key Emp	$194,300	$36,297	$230,597
DAVID JAFFE	CHAIR	1.00	Officer Director	$0	$0	$0
ALAN HARTMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID BUNNING	TREASURER - UNTIL 11/2023	1.00	Officer Director	$0	$0	$0
LEIGH FEUERSTEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MILTON BROWN MD	DIRECTOR	1.00	Director	$0	$0	$0
DEV GANESAN	DIRECTOR - UNTIL 02/2023	1.00	Director	$0	$0	$0
EMILY GLASSMAN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
LEE HELMAN	DIRECTOR	1.00	Director	$0	$0	$0
HELEN JAFFE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM MILLER	DIRECTOR	1.00	Director	$0	$0	$0
EDITH PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RICH	DIRECTOR	1.00	Director	$0	$0	$0
MARY WEISER	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0

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	$16,184,383	$19,727,432	$31,368,809	$-3,543,049
2022	$11,889,564	$26,314,429	$40,457,141	$-14,424,865
2021	$11,947,289	$24,381,915	$49,740,343	$-12,434,626
2020	$18,707,655	$21,538,970	$61,884,454	$-2,831,315
2019	$23,544,826	$13,053,276	$65,608,655	$10,491,550
2018	$14,566,688	$13,215,539	$55,684,188	$1,351,149

FOOD ALLERGY RESEARCH & EDUCATION INC