IFMA Educational Foundation (EIN 237220674) - 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

1972

Legal Domicile

Principal Officer

JENNIFER TARULIS

Phone

3125404400

Tax Period

2023-01-01 to 2023-12-31

IFMA Educational Foundation, founded in 1972, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $544K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $476K left a modest 13% surplus.

Mission

PRIMARY PURPOSE IS TO FUND SCHOLARSHIPS AND SUPPORT CURRICULUM AND TRAINING PROGRAMS FOR PERSONS INTERESTED IN A CAREER IN THE FOODSERVICE INDUSTRY.

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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 $399,945

Program Service Revenue $0

Investment Income $144,541

Other Revenue $0

TOTAL REVENUE $544,486

Expense Breakdown

Grants Paid $140,390

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,390

Other Expenses $335,195

TOTAL EXPENSES $475,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$544,486	$481,885	+0.1%
Expenses	$475,585	$509,960	-0.1%
Net Income	$68,901	$-28,075	-3.5%

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

N/A

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

$1,069,471

Total Directors

$641,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP KAFARAKIS	PRESIDENT & CEO	1.0	Officer Director	$0	$50,500	$641,675
JENNIFER TARULIS	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$39,299	$349,525
Anthony DePaolo	EXECUTIVE DIRECTOR	40.0	Officer	$0	$7,438	$78,271
GREG COCCHIARELLA	TRUSTEE	0.25	Director	$0	$0	$0
HERB RING	TRUSTEE	0.25	Director	$0	$0	$0
HUGH ROTH	TRUSTEE	0.25	Director	$0	$0	$0
TERI TRULLINGER	TRUSTEE	0.25	Director	$0	$0	$0
TIM WAYNE	TRUSTEE	0.25	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	$544,486	$475,585	$1,680,499	$68,901
2022	$481,885	$509,960	$1,869,167	$-28,075
2021	$215,500	$133,294	$1,971,179	$82,206
2020	$255,050	$82,816	$1,265,828	$172,234
2019	$286,988	$349,069	$1,343,149	$-62,081
2018	$282,571	$399,099	$1,177,692	$-116,528
2017	$352,452	$333,927	$1,167,909	$18,525

IFMA Educational Foundation