SODDY DAISY FOOD BANK INC

EIN: 454722601 501(c)(3) Food, Agriculture & Nutrition

SODDY DAISY, TN

Total Revenue
$804,251
Total Expenses
$630,591
Total Assets
$618,742
Net Assets
$582,923
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
TN
Principal Officer
MIKE ANDERSON
Phone
4237603489
Tax Period
2025-01-01 to 2025-12-31

SODDY DAISY FOOD BANK INC, founded in 2002, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $804K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $174K, a strong 22% operating margin.

Mission

ALL VOLUNTEER ORGANIZATION FOCUSED ON GATHERING AND SHARING FOOD WITH FAMILIES AND INDIVIDUALS IN NEED. WE ARE COMMITTED TO THE PREMISE THAT ALL PERSONS HAVE A RIGHT TO ADEQUATE NUTRITION.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $801,654
Program Service Revenue $0
Investment Income $2,597
Other Revenue $0
TOTAL REVENUE $804,251

Expense Breakdown

Grants Paid $582,451
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $608,643
Other Expenses $48,140
TOTAL EXPENSES $630,591

Year-over-Year Comparison

2025 2024 Change
Revenue $804,251 $852,988 -0.1%
Expenses $630,591 $830,463 -0.2%
Net Income $173,660 $22,525 +6.7%
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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
60

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MITCHELL A WEBER DIRECTOR 0.00
Director
$0 $0 $0
SANDRA HUBBS DISTRIBUTION MANAGER 0.00
Director
$0 $0 $0
MISSY S MCDONALD COMMUNITY SUPPORT COORDINA 0.00
Director
$0 $0 $0
CLYDE R WOODALL DIRECTOR 0.00
Director
$0 $0 $0
JEANNE FERRERE DIRECTOR OF VOLUNTEER ACTIVITIES 0.00
Director
$0 $0 $0
ROGER COULTER ASSISTANT TREASURER 0.00
Director
$0 $0 $0
CHARLES WILLIAMS DIRECTOR 0.00
Director
$0 $0 $0
MARK BOYER DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL D ANDERSON TREASURER 0.00
Officer Director
$0 $0 $0
PATTI H DENNIS SECRETARY 0.00
Officer Director
$0 $0 $0
FRANK L MULKEY VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
ALAN C GRAM PRESIDENT 0.00
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
2025 $804,251 $630,591 $618,742 $173,660
2024 $852,988 $830,463 $454,612 $22,525
2023 $852,553 $837,588 $430,153 $14,965
2022 $777,820 $761,946 $421,669 $15,874
2021 $641,056 $582,988 $363,971 $58,068
2020 $778,455 $698,699 $302,968 $79,756
2019 $780,372 $755,705 $223,212 $24,667
2018 $726,401 $674,746 $198,545 $51,655
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