Fork Food Lab (EIN 454116596) - 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

Tax Period

2023-01-01 to 2023-12-31

Fork Food Lab, founded in 2011, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 24% operating margin.

Mission

Fork Food Lab is a nonprofit food business incubator and shared commercial kitchen focused on growing the local food economy. We support the growth of sustainable Maine-based businesses by providing entrepreneurs with work space, equipment, and other resources.

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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 $865,740

Program Service Revenue $333,855

Investment Income $71,016

Other Revenue $7,228

TOTAL REVENUE $1,277,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,045

Fundraising Expenses $40,031

Program Expenses $723,075

Other Expenses $556,755

TOTAL EXPENSES $976,713

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,277,839	$507,311	+1.5%
Expenses	$976,713	$635,068	+0.5%
Net Income	$301,126	$-127,757	-3.4%

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

$60,703

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Seretta	Executive Director	40.00	Officer	$58,006	$2,697	$60,703
Maeve McInnis	Board Member	1.00	Director	$0	$0	$0
Ben McCall	Board Member	1.00	Director	$0	$0	$0
Penny Jordan	Board Member	1.00	Director	$0	$0	$0
John Naylor	Board Member	1.00	Director	$0	$0	$0
Thomas Settlemire	Board Member	1.00	Director	$0	$0	$0
Ryan Owens	Board Member	1.00	Director	$0	$0	$0
Michael J Walker	Board Chair	4.00	Officer Director	$0	$0	$0
Peter Hall	Board Treasurer	1.00	Officer Director	$0	$0	$0
Matt Chin	Board Secretary	1.00	Officer Director	$0	$0	$0
Hema Narayan	Board Vice-Chair	1.00	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	No data	No data	No data	No data
2023	$1,277,839	$976,713	$3,318,541	$301,126
2022	$507,311	$635,068	$1,610,838	$-127,757
2021	$414,434	$472,360	$202,202	$-57,926
2020	$321,519	$462,441	$90,619	$-140,922
2019	$288,324	$475,854	$91,631	$-187,530

Fork Food Lab