Imperial Food Services Inc

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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

Phone

4695526246

Tax Period

2023-01-01 to 2023-12-31

Imperial Food Services Inc is a small nonprofit in the Human Services sector that reported $307K in total revenue in fiscal year 2023. Expenses of $365K exceeded revenue, resulting in a 19% operating deficit.

Mission

ESSENTIAL FOUNDATION IS COMMITTED TO WORKING WITH UNDERSERVED CHILDREN AND THEIR FAMILIES. OUR ORGANIZATION WAS ESTABLISHED TO PROVIDE A CLEARLY DEFINED PATH AND IN-DEPTH ASSISTANCE FOR CHILDREN AND PARENTS ALONG THE WAY, ENSURING THE CHILDREN TRANSITION SUCCESSFULLY FROM EARLY CHILDHOOD TO ADULTHOOD. PHILOSOPHY: ESSENTIAL FOUNDATION WILL OPERATE A COMMUNITY-BASED CHILD PLACING AGENCY FOR CHILDREN AND THEIR FAMILIES IN TEXAS. OUR MODEL OF FOSTER CARE IS DESIGNED TO CREATE A SUPPORTIVE NETWORK, WITH THE GOAL OF RETURNING THE CHILD HOME OR PLACING IN A PERMANENT LOVING HOME. OUR TEEN PREGNANCY PREVENTION PROGRAMS ARE TO PREVENT PREGNANCY AND THE SPREAD OF SEXUALLY TRANSMITTED DISEASES AMONG ADOLESCENTS, WHILE IN THE FOSTER CARE ENVIRONMENT. FOSTER PARENTS BECOME ENCOURAGERS, MENTORS, AND TEACHERS FOR CHILDREN IN THEIR CARE.

Program Service Accomplishments

Program 1

Expenses: $174,255

Essential Foundations Community Garden - EFI decided to do utilize garden space we had to increase food pantry production with fresh food. With the help of Sprouts and volunteers in the community we did just that. Our community garden program has been highly successful in addressing the issue of food scarcity by growing fresh fruits and vegetables to supplement our food pantry.

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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 $21,000

Program Service Revenue $286,177

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,437

Fundraising Expenses $0

Program Expenses $348,510

Other Expenses $110,394

TOTAL EXPENSES $364,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,177	N/A	N/A
Expenses	$364,831	N/A	N/A
Net Income	$-57,654	$0	N/A

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nikki Carter	President	15	Officer Director	$0	$0	$0
Kay Jackson	Secretary	10	Officer Director	$0	$0	$0
Shirley Beasley	Treasurer	15	Officer Director	$0	$0	$0
Martha Camarillo	Board Member	10	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
2023	$307,177	$364,831	$66,024	$-57,654
2022	$255,500	$110,646	$144,854	$144,854