FOOD FOR THOUGHT TOLEDO INC (EIN 263032624) - 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

2007

Legal Domicile

Principal Officer

TONYA SCHERF

Phone

4199720022

Tax Period

2023-01-01 to 2023-12-31

FOOD FOR THOUGHT TOLEDO INC, founded in 2007, is a small nonprofit in the Human Services sector that reported $160K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $199K exceeded revenue, resulting in a 25% operating deficit.

Mission

FOOD FOR THOUGHT IS AN ORGANIZATION DEDICATED TO FEEDING THE TOLEDO REGION IN A THOUGHTFUL WAY.

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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 $137,550

Program Service Revenue $0

Investment Income $9

Other Revenue $22,098

TOTAL REVENUE $159,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,455

Fundraising Expenses $0

Program Expenses $182,310

Other Expenses $57,966

TOTAL EXPENSES $199,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,657	$205,309	-0.2%
Expenses	$199,421	$225,440	-0.1%
Net Income	$-39,764	$-20,131	+1.0%

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

1175

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

$73,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOT HENSHAW	VICE-CHAIRMAN	0.00	Officer Director	$0	$0	$0
KAREN CHRZANOWSKI	CHAIRMAN	0.00	Officer Director	$0	$0	$0
CHRIS ROWE	TREASURER	0.00	Officer Director	$0	$0	$0
DAVID SCHWARTZ	SECRETARY	0.00	Officer Director	$0	$0	$0
MICHELLE BLUE	BOARD MEMBER	0.00	Director	$0	$0	$0
KEITH MATHIS-SMITH	BOARD MEMBER	0.00	Director	$0	$0	$0
WENDY MILLER	BOARD MEMBER	0.00	Director	$0	$0	$0
TERESA HAGEDORN	BOARD MEMBER	0.00	Director	$0	$0	$0
TONYA SCHERF	EXECUTIVE DIRECTOR	40.00	Officer	$68,287	$5,400	$73,687

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	$159,657	$199,421	$80,633	$-39,764
2022	$205,309	$225,440	$120,397	$-20,131
2021	$221,096	$211,455	$140,528	$9,641
2020	$233,114	$172,002	$103,564	$61,112
2019	$195,509	$205,591	$42,452	$-10,082
2018	$205,713	$214,382	$52,534	$-8,669

FOOD FOR THOUGHT TOLEDO INC