SOUTH MICHIGAN FOOD BANK (EIN 382445948) - 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

1983

Principal Officer

PETER VOGEL

Phone

2699643663

Tax Period

2024-01-01 to 2024-12-31

SOUTH MICHIGAN FOOD BANK, founded in 1983, is a mid-sized nonprofit that reported $23.9M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

FEED HUNGRY PEOPLE BY COLLECTING AND DISTRIBUTING FOOD AND GROCERY PRODUCTS, ADVOCATING FOR HUNGER RELIEF PROGRAMS, AND COLLABORATING WITH OTHERS WHO ADDRESS BASIC HUMAN NEEDS.

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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 $22,339,436

Program Service Revenue $1,429,426

Investment Income $125,880

Other Revenue $-8,352

TOTAL REVENUE $23,886,390

Expense Breakdown

Grants Paid $20,433,811

Salaries & Benefits $2,139,683

Fundraising Expenses $571,293

Program Expenses $22,729,257

Other Expenses $1,431,489

TOTAL EXPENSES $24,004,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,886,390	$26,210,667	-0.1%
Expenses	$24,004,983	$26,085,232	-0.1%
Net Income	$-118,593	$125,435	-1.9%

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

854

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

$182,088

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER VOGEL	EXECUTIVE DI	40.00	Officer	$149,466	$32,622	$182,088
TAMI PITALE	CHAIR	1.00	Officer Director	$0	$0	$0
ROD AUTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK CLISE	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JIM STOCKMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCFARLEN	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA REESE	DIRECTOR	1.00	Director	$0	$0	$0
JASON BEACH	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CRITTENDEN	DIRECTOR	1.00	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	$23,886,390	$24,004,983	$7,272,679	$-118,593
2023	$26,210,667	$26,085,232	$6,956,680	$125,435
2022	$21,527,860	$22,266,943	$6,485,770	$-739,083
2021	$21,627,675	$22,302,436	$7,733,906	$-674,761
2020	$35,125,900	$33,807,125	$8,402,724	$1,318,775
2018	$14,734,007	$14,364,976	$5,577,917	$369,031

SOUTH MICHIGAN FOOD BANK