FOOD ASSISTANCE INC (EIN 200063969) - 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

2003

Legal Domicile

Principal Officer

JANE Y CARLSON

Phone

3369888899

Tax Period

2020-01-01 to 2020-12-31

FOOD ASSISTANCE INC, founded in 2003, is a micro nonprofit that reported $15K in total revenue in fiscal year 2020. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $71K exceeded revenue, resulting in a 382% operating deficit.

Mission

FAI-GROCERIES ON WHEELS OFFERS FOOD, FRIENDSHIP AND HOPE TO IMPROVE HEALTH AND WELLNESS TO LOW INCOME AND DISABLED SENIORS IN GUILFORD COUNTY. IT IS VOLUNTEER-DRIVEN.

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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 (2020)

Revenue Breakdown

Contributions & Grants $15,417

Program Service Revenue $211

Investment Income $-959

Other Revenue $0

TOTAL REVENUE $14,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,807

Fundraising Expenses $2,004

Program Expenses $47,319

Other Expenses $36,833

TOTAL EXPENSES $70,640

Year-over-Year Comparison

	2020	2019	Change
Revenue	$14,669	$245,683	-0.9%
Expenses	$70,640	$285,479	-0.8%
Net Income	$-55,971	$-39,796	+0.4%

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

726

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

$18,000

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE Y CARLSON	EXECUTIVE DI	40.00	Officer Director	$18,000	$0	$18,000
RHONDA DRAPER	MARKETING DI	N/A	Director	$0	$0	$0
LAUREN A HALDEMAN PHD	NUTRITION DI	N/A	Director	$0	$0	$0
GAIL B WIGGINS	VICE CHAIR/H	N/A	Director	$0	$0	$0
KENNETH W LAIRD II	TREASURER/SE	N/A	Officer	$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
2020	$14,669	$70,640	$31,633	$-55,971
2020	$14,669	$70,640	$31,633	$-55,971
2019	$245,683	$285,479	$100,102	$-39,796
2018	$301,347	$216,901	$133,249	$84,446

FOOD ASSISTANCE INC