FOUNDATION FOR CULINARY ARTS (EIN 362170142) - 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

2008

Legal Domicile

Principal Officer

ALLEN I KUTCHINS

Phone

3127522352

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR CULINARY ARTS, founded in 2008, is a small nonprofit in the Education sector that reported $481K in total revenue in fiscal year 2024. Revenue surged 204% from the prior year, signaling strong growth momentum. Expenses of $531K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ORGANIZATION INSPIRES AND EMPOWERS SOCIALLY AND ECONOMICALLY DISADVANTAGED STUDENTS THROUGH EDUCATIONAL PROGRAMMING AND CAREER ADVANCEMENT OPPORTUNITIES IN THE CULINARY INDUSTRY SUCH AS YES, CHEF! CULINARY TRAINING CAMPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $63,585

Program Service Revenue $0

Investment Income $417,618

Other Revenue $0

TOTAL REVENUE $481,203

Expense Breakdown

Grants Paid $141,555

Salaries & Benefits $298,756

Fundraising Expenses $114,329

Program Expenses $311,603

Other Expenses $90,582

TOTAL EXPENSES $530,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$481,203	$158,050	+2.0%
Expenses	$530,893	$414,985	+0.3%
Net Income	$-49,690	$-256,935	-0.8%

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

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

$251,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZUBIN KAMMULA	PRESIDENT	5.00	Officer Director	$0	$0	$0
J GORMAN COOK	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BRADFORD GRAHAM	SECRETARY	5.00	Officer Director	$0	$0	$0
ALLEN KUTCHINS	TREASURER	5.00	Officer Director	$0	$0	$0
MARGARET MALONE	DIRECTOR (EXITED 7/16/2024)	5.00	Officer Director	$0	$0	$0
CATHERINE DE ORIO	EXECUTIVE DIRECTOR	40.00	Officer	$251,345	$0	$251,345

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	$481,203	$530,893	$3,235,434	$-49,690
2024	$158,050	$414,985	$3,312,135	$-256,935
2022	$-610,958	$583,066	$4,646,743	$-1,194,024
2021	$1,533,598	$539,515	$5,897,948	$994,083
2020	$209,223	$640,270	$4,930,819	$-431,047
2019	$410,195	$457,519	$5,291,584	$-47,324
2018	$625,031	$536,382	$5,351,229	$88,649

FOUNDATION FOR CULINARY ARTS