SMFB FOUNDATION (EIN 270277109) - 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

2009

Legal Domicile

Principal Officer

MILTON LIU

Phone

6023523640

Tax Period

2022-07-01 to 2023-06-30

SMFB FOUNDATION, founded in 2009, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2022. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 238% operating deficit.

Mission

TO SUPPORT AND BENEFIT THE PURPOSES OF ST MARY'S FOOD BANK ALLIANCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,213,470

Other Revenue $0

TOTAL REVENUE $1,213,470

Expense Breakdown

Grants Paid $4,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,000,000

Other Expenses $101,863

TOTAL EXPENSES $4,101,863

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,213,470	$4,768,337	-0.7%
Expenses	$4,101,863	$264,289	+14.5%
Net Income	$-2,888,393	$4,504,048	-1.6%

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

$627,456

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE CLANCY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT HARRISON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLYN JENKINS-BOWER	TREASURER	1.00	Officer Director	$0	$0	$0
TROY MCNEMAR	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN BARNES	DIRECTOR	1.00	Director	$0	$0	$0
MARC ISAACS	DIRECTOR	1.00	Director	$0	$0	$0
PETER LARSON	DIRECTOR (THRU MAY 2023)	1.00	Director	$0	$0	$0
BARRY MCBRIDE	DIRECTOR (THRU MAY 2023)	1.00	Director	$0	$0	$0
ERIK OLSSON	DIRECTOR	1.00	Director	$0	$0	$0
TOM KERTIS	PRESIDENT & CEO (RETIRED SEPT 2023)	2.00	Officer	$0	$47,546	$410,661
SARAH STUCKEY	CFO	2.00	Officer	$0	$20,722	$216,795
MILTON LIU	PRESIDENT & CEO (STARTING JUNE 2023	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,213,470	$4,101,863	$69,034,695	$-2,888,393
2022	$4,768,337	$264,289	$66,334,007	$4,504,048
2021	$33,409,373	$207,371	$74,474,084	$33,202,002
2020	$15,270,794	$89,829	$35,752,732	$15,180,965
2019	$836,699	$1,099,776	$20,634,382	$-263,077
2018	$544,004	$751,028	$15,021,627	$-207,024

SMFB FOUNDATION