INSTITUTE OF FOOD TECHNOLOGISTS

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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

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 $27.3M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

AS AN ORGANIZATION, THE INSTITUTE OF FOOD TECHNOLOGISTS IS FOCUSING ITS WORK IN FOUR MAIN AREAS, OR "ROLES AND GOALS." EACH IS WIDE-REACHING AND HELPS TO ADVANCE OUR MISSION.STEWARD FOR THE PROFESSION AND ITS COMMUNITY - PROVIDE LEARNING, NETWORKING AND LEADERSHIP DEVELOPMENT EXPERIENCES THAT ENABLE FOOD SCIENCE AND TECHNOLOGY PROFESSIONALS TO BECOME LEADERS IN THE GLOBAL FOOD SCIENCE COMMUNITY.RESEARCH CHAMPION AND INNOVATION CATALYST - CHAMPION EMERGING SCIENCES AND FOSTER TECHNOLOGY DEVELOPMENT, APPLICATION AND TRANSFER TO INCREASE FUNDING FOR FOOD-RELATED RESEARCH AND TO SUPPORT INNOVATION IN FOOD SCIENCE.INFLUENTIAL ADVOCATE AND TRUSTED SPOKESORGANIZATION - ENGAGE IN ADVOCACY AND COMMUNICATION EFFORTS THAT ENHANCE RECOGNITION OF THE PROFESSION AND RESULT IN INCREASED UNDERSTANDING AND APPLICATION OF THE SCIENCE OF FOOD.GLOBAL CITIZEN AND PARTNER - PROACTIVELY CONTRIBUTE TO, AND BE A PARTNER FOR, THE GLOBAL ADVANCEMENT AND APPLICATION OF THE SCIENCE OF FOOD.

Program Service Accomplishments

Program 1

Expenses: $8,222,700 Revenue: $18,971,873

ANNUAL MEETING AND FOOD EXPO:THE INSTITUTE'S ANNUAL MEETING AND FOOD EXPO BRINGS MEMBERS AND NONMEMBERS, APPROXIMATELY 18,000 TO 20,000 INDIVIDUALS ON AN ANNUAL BASIS, TOGETHER FOR THREE DAYS OF...

ANNUAL MEETING AND FOOD EXPO:THE INSTITUTE'S ANNUAL MEETING AND FOOD EXPO BRINGS MEMBERS AND NONMEMBERS, APPROXIMATELY 18,000 TO 20,000 INDIVIDUALS ON AN ANNUAL BASIS, TOGETHER FOR THREE DAYS OF TECHNICAL SESSIONS, SYMPOSIA AND FORUMS DESIGNED TO UPDATE THEIR AWARENESS IN ALL AREAS OF FOOD TECHNOLOGY. MORE THAN 1,800 PAPERS AND PRESENTATIONS ARE AVAILABLE WHILE EXHIBITORS NUMBER APPROXIMATELY 900.

Program 2

Expenses: $4,724,629 Revenue: $214,033

PUBLICATIONS AND COMMUNICATIONS:FOOD TECHNOLOGY IS THE LEADING PUBLICATION ADDRESSING ALL FACETS OF FOOD SCIENCE AND TECHNOLOGY. ITS IN-DEPTH AND BALANCE COVERAGE INCLUDES THE LATEST RESEARCH...

PUBLICATIONS AND COMMUNICATIONS:FOOD TECHNOLOGY IS THE LEADING PUBLICATION ADDRESSING ALL FACETS OF FOOD SCIENCE AND TECHNOLOGY. ITS IN-DEPTH AND BALANCE COVERAGE INCLUDES THE LATEST RESEARCH DEVELOPMENTS, INDUSTRY NEWS, CONSUMER PRODUCT INNOVATIONS, AND PROFESSIONAL OPPORTUNITIES.SINCE 1936, THE JOURNAL OF FOOD SCIENCE HAS BEEN THE INSTITUTE OF FOOD TECHNOLOGISTS' PREMIER SCIENCE JOURNAL, CONTAINING PEER-REVIEWED REPORTS OR ORIGINAL RESEARCH AND CRITICAL REVIEWS OF ALL ASPECTS OF FOOD SCIENCE. TODAY IT PUBLISHES MORE THAN 500 PAPERS A YEAR - OVER 3,000 PAGES OF ORIGINAL RESEARCH AND SCIENTIFIC REVIEWS.

Program 3

Expenses: $2,311,098 Revenue: $1,816,561

MEMBERSHIP EXPERIENCES:THE INSTITUTE'S SERVICES ASSOCIATED WITH HELPING MEMBERS BECOME PART OF A VIBRANT COMMUNITY THAT IS SHAPING THE FOOD SCIENCE AND TECHNOLOGY PROFESSION.

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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 $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

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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

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
2025	No data	No data	No data	No data
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