INSTITUTE OF FOOD TECHNOLOGISTS (EIN 362136957) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

CHRISTIE TARANTINO-DEAN

Phone

3127828424

Tax Period

2023-09-01 to 2024-08-31

INSTITUTE OF FOOD TECHNOLOGISTS, founded in 1939, is a mid-sized nonprofit that reported $26.3M in total revenue in fiscal year 2017. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $24.1M left a modest 8% surplus.

Mission

THE INSTITUTE OF FOOD TECHNOLOGISTS EXISTS TO ADVANCE THE SCIENCE OF FOOD. OUR LONG-RANGE VISION IS TO ENSURE A SAFE AND ABUNDANT FOOD SUPPLY CONTRIBUTING TO HEALTHIER PEOPLE EVERYWHERE. THE INSTITUTE OF FOOD TECHNOLOGISTS STRIVES TO PROVIDE AN INCLUSIVE AND WELCOMING COMMUNITY FOR ALL FOOD SCIENCE AND TECHNOLOGY PROFESSIONALS AND THE KNOWLEDGE AND TOOLS THEY NEED TO ENHANCE THEIR PROFESSIONAL COMPETENCY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $620,174

Program Service Revenue $24,740,385

Investment Income $925,429

Other Revenue $1,047,163

TOTAL REVENUE $27,333,151

Expense Breakdown

Grants Paid $1,399,906

Salaries & Benefits $12,926,707

Fundraising Expenses $0

Program Expenses $23,578,580

Other Expenses $14,155,943

TOTAL EXPENSES $28,482,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,333,151	$31,431,139	-0.1%
Expenses	$28,482,556	$26,493,048	+0.1%
Net Income	$-1,149,405	$4,938,091	-1.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1000

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

$1,776,331

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS DOWNS	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
NOEL ANDERSON	TREASURER	2.00	Officer Director	$0	$0	$0
WILLIAM BARRIER	DIRECTOR	2.00	Director	$0	$0	$0
NICOLAS BORDENAVE	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS DAUBERT	PRESIDENT - ELECT	2.00	Officer Director	$0	$0	$0
SEAN LEIGHTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
PEGGY POOLE	DIRECTOR	2.00	Director	$0	$0	$0
GUNNAR SIGGE	DIRECTOR	2.00	Director	$0	$0	$0
LUUVAN HOANG	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE JUNG	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH LIGHT	DIRECTOR	2.00	Director	$0	$0	$0
JULIE MANN	DIRECTOR	2.00	Director	$0	$0	$0
VIRAL SHUKLA	DIRECTOR	2.00	Director	$0	$0	$0
NANCY MORIARITY	DIRECTOR	2.00	Director	$0	$0	$0
JAIME REEVES	DIRECTOR	2.00	Director	$0	$0	$0
CAMERON WICKS	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE VALENTI-JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY VARCO	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA MONTOYA	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIE TARANTINO-DEAN	CEO, TRUSTEE	50.00	Officer	$865,600	$54,490	$920,090
MARK BARENIE	SR. VP & CFO	45.00	Officer	$423,166	$78,924	$502,090
BRYAN HITCHCOCK	CHIEF SCIENCE & TECH OFFICER	45.00	Officer	$295,375	$58,776	$354,151
TERRENCE MERKLEY	VP INFORMATION TECHNOLOGY	45.00	Highest	$268,711	$42,890	$311,601
KATHERINE DOCKINS	SR. VP, MEMBERSHIP	45.00	Highest	$253,233	$49,375	$302,608
WILLIAM MCDOWELL	EDITOR-IN-CHIEF	45.00	Highest	$251,266	$58,434	$309,700
MANDY ZARANSKY-HURST	SR. VP OF MARKETING	45.00	Highest	$243,015	$30,029	$273,044
ANNA LEIGH ROSALES	SR. DIRECTOR OF GOV AFFAIRS	45.00	Highest	$220,557	$25,158	$245,715

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	$27,333,151	$28,482,556	$58,378,256	$-1,149,405
2023	$31,431,139	$26,493,048	$50,817,570	$4,938,091
2022	$24,082,947	$22,926,798	$46,520,037	$1,156,149
2021	$9,557,520	$15,825,729	$45,062,972	$-6,268,209
2020	$16,291,183	$18,779,694	$45,292,603	$-2,488,511
2019	$18,777,746	$22,071,058	$40,107,645	$-3,293,312
2018	$26,272,496	$24,092,399	$44,004,485	$2,180,097

INSTITUTE OF FOOD TECHNOLOGISTS