INDEPENDENCE AREA FOOD PANTRY (EIN 421267139) - 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

1996

Legal Domicile

Principal Officer

Julie Davison

Phone

3193342451

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE AREA FOOD PANTRY, founded in 1996, is a small nonprofit in the Human Services sector that reported $222K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 20% operating margin.

Mission

Acquire and distribute food to needy individuals in Buchanan County.

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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 $213,864

Program Service Revenue $0

Investment Income $8,451

Other Revenue $0

TOTAL REVENUE $222,315

Expense Breakdown

Grants Paid $28,769

Salaries & Benefits $56,929

Fundraising Expenses $0

Program Expenses $177,992

Other Expenses $92,294

TOTAL EXPENSES $177,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,315	$169,952	+0.3%
Expenses	$177,992	$124,636	+0.4%
Net Income	$44,323	$45,316	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Dodge	Vice Chair	0.5	Officer Director	$0	$0	$0
Julie Schwarting	Board Member	0.5	Director	$0	$0	$0
Brenda Ristvedt	Chair	1	Officer Director	$0	$0	$0
Julie Davison	Treasurer	1	Officer Director	$0	$0	$0
Deb Reuber	Board Member	0.5	Director	$0	$0	$0
Robert Hughes	Board Member	0.5	Director	$0	$0	$0
Jane Arthur	Secretary	0.5	Officer Director	$0	$0	$0
Dawn Vogel	Board Member	0.5	Director	$0	$0	$0
Matt Jones	Board Member	0.5	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	$222,315	$177,992	$381,910	$44,323
2020	$232,433	$145,060	$194,003	$87,373

INDEPENDENCE AREA FOOD PANTRY