COMMERCIAL FOOD EQUIPMENT SERVICE … - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

HEATHER PRICE

Phone

3363464700

Tax Period

2024-01-01 to 2024-12-31

COMMERCIAL FOOD EQUIPMENT SERVICE ASSOCIATION INC, founded in 2017, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 7% surplus.

Mission

PROVIDE SERVICE/EDUCATION TO MEMBERS

Program Service Accomplishments

Program 1

PUBLICATION OF NEWSLETTERS, MEMBERSHIP/MANUFACTURERS DIRECTORY, TRAINING MANUALS AND WARRANTY FORMS.

Program 2

EDUCATION, TESTING, EVALUATION AND CERTIFICATION OF SERVICE TECHNICIANS TO PROMOTE AND MAINTAIN QUALITY CONTROL IN THE SERVICING OF FOOD EQUIPMENT.

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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 $0

Program Service Revenue $1,855,227

Investment Income $48,186

Other Revenue $92,084

TOTAL REVENUE $1,995,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $456,952

Fundraising Expenses $0

Other Expenses $1,401,953

TOTAL EXPENSES $1,858,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,995,497	$1,823,866	+0.1%
Expenses	$1,858,905	$1,698,312	+0.1%
Net Income	$136,592	$125,554	+0.1%

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

195

Independent Members

195

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

$177,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER PRICE	Executive Dir.	40.00	Officer	$160,483	$17,024	$177,507
JEREMY ALLEN	Director	5.00	Director	$0	$0	$0
GEORGE ROBERTS-SMITH	Director	5.00	Director	$0	$0	$0
BRIAN VANNOTE	Director	5.00	Director	$0	$0	$0
NATHAN MILLER	Director	5.00	Director	$0	$0	$0
JOSH ZOLIN	Director	5.00	Director	$0	$0	$0
LORETTA MEALER	Director	5.00	Director	$0	$0	$0
STEVE SLITER	President	5.00	Officer Director	$0	$0	$0
NICK CRIBB	Past President	5.00	Officer Director	$0	$0	$0
ROBERT HARRIS	Vice President	5.00	Officer Director	$0	$0	$0
TJ COKER	Vice President	5.00	Officer Director	$0	$0	$0
ANGELA PETITTI	Secretary	5.00	Officer Director	$0	$0	$0
DAN DIBELER	Treasurer	5.00	Officer 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
2024	$1,995,497	$1,858,905	$2,573,184	$136,592
2023	$1,823,866	$1,698,312	$2,528,282	$125,554
2022	$1,421,775	$1,336,382	$2,134,620	$85,393
2021	$1,227,797	$1,148,667	$1,999,675	$79,130
2020	$1,034,970	$804,419	$1,861,245	$230,551
2019	$1,324,229	$1,422,174	$1,788,809	$-97,945

COMMERCIAL FOOD EQUIPMENT SERVICE ASSOCIATION INC