FRANKLIN TOWNSHIP FOOD BANK (EIN 222406472) - 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

Principal Officer

BARRY GILMORE

Phone

7322460009

Tax Period

2024-01-01 to 2024-12-31

FRANKLIN TOWNSHIP FOOD BANK is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $9.7M left a modest 7% surplus.

Mission

DISTRIBUTION OF FOOD TO QUALIFIED FAMILIES IN FRANKLIN TWP, NJ

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,992,694

Program Service Revenue $0

Investment Income $112,708

Other Revenue $279,233

TOTAL REVENUE $10,384,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,110,234

Fundraising Expenses $14,111

Program Expenses $9,458,155

Other Expenses $8,556,063

TOTAL EXPENSES $9,666,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,384,635	$8,279,297	+0.3%
Expenses	$9,666,297	$8,201,555	+0.2%
Net Income	$718,338	$77,742	+8.2%

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

Total Directors

$214,769

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK J SMITH	EXECUTIVE DI	40.00	Director	$214,769	$0	$214,769
SONJA ASANTE	TRUSTEE	1.00	Director	$0	$0	$0
ILENE BRADLEY	TRUSTEE	1.00	Director	$0	$0	$0
CLARIBEL CORTES	TRUSTEE	1.00	Director	$0	$0	$0
ALAINA DEWITT	TRUSTEE	1.00	Director	$0	$0	$0
VASEEM FIRDAUS	TRUSTEE	1.00	Director	$0	$0	$0
LORNA FLYNN	VICE PRESIDE	1.00	Director	$0	$0	$0
JOHN GALAT	TREASURER	1.00	Director	$0	$0	$0
BARRY GILMORE	PRESIDENT	1.00	Director	$0	$0	$0
CURT LANG	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN MCGUINNESS	TRUSTEE	1.00	Director	$0	$0	$0
MELINDA POSIPANKO	SECRETARY	1.00	Director	$0	$0	$0
SAMI SHABAN	TRUSTEE	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	$10,384,635	$9,666,297	$3,172,081	$718,338
2024	$10,384,635	$9,666,297	$3,172,081	$718,338
2023	$8,279,297	$8,201,555	$2,529,333	$77,742
2022	$7,572,179	$7,248,242	$2,103,412	$323,937
2021	$5,789,008	$5,416,299	$1,791,107	$372,709
2020	$4,669,180	$3,830,825	$1,398,898	$838,355
2019	$3,071,441	$3,241,957	$564,201	$-170,516
2018	$3,060,876	$3,106,456	$731,850	$-45,580

FRANKLIN TOWNSHIP FOOD BANK