TOP BOX FOODS (EIN 453930886) - 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

2011

Legal Domicile

Principal Officer

SHEILA KENNEDY

Phone

3125277890

Tax Period

2023-01-01 to 2023-12-31

TOP BOX FOODS, founded in 2011, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.6M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE AFFORDABLE FRESH PRODUCE, FROZEN AND LOCAL PROTEINS TO UNDERSERVED (SEE SCH O) COMMUNITIES THROUGH A NETWORK OF COMMUNITY PARTNERS.

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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 $2,424,918

Program Service Revenue $0

Investment Income $1,863

Other Revenue $453,147

TOTAL REVENUE $2,879,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,322,316

Fundraising Expenses $0

Program Expenses $3,018,902

Other Expenses $2,255,647

TOTAL EXPENSES $3,577,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,879,928	$2,464,905	+0.2%
Expenses	$3,577,963	$2,139,796	+0.7%
Net Income	$-698,035	$325,109	-3.1%

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

Independent Members

Employees

Volunteers

300

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
SHEILA KENNEDY	CHAIR/SECRETARY	16.00	Officer Director	$0	$0	$0
JOHN JENNINGS	TREASURER	2.00	Officer Director	$0	$0	$0
DERRICK EVANS	DIRECTOR	0.25	Director	$0	$0	$0
TERRENCE HILL	DIRECTOR	0.25	Director	$0	$0	$0
CONNOR DELOACH	EXECUTIVE DIRECTOR	40.00	Highest	$123,077	$0	$123,077

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	No data	No data	No data	No data
2023	$2,879,928	$3,577,963	$2,241,197	$-698,035
2023	$2,987,773	$3,495,342	$2,243,041	$-507,569
2022	$2,464,905	$2,139,796	$2,272,029	$325,109
2021	$2,246,990	$2,302,867	$1,266,338	$-55,877
2020	$2,162,658	$1,452,727	$1,831,825	$709,931
2019	$872,362	$723,377	$580,684	$148,985
2018	$648,551	$576,271	$393,484	$72,280

TOP BOX FOODS