REPUBLIC FOOD ENTERPRISE CENTER INC (EIN 461044676) - 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

KIM HAWK

Phone

7244376050

Tax Period

2023-07-01 to 2024-06-30

REPUBLIC FOOD ENTERPRISE CENTER INC, founded in 2011, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 85% operating margin.

Mission

THE REPUBLIC FOOD ENTERPRISE CENTER IS A NON-PROFIT CENTER TO INCREASE ACCESS TO FRESH, LOCALLY SOURCED PRODUCE AND CREATE ECONOMIC PROSPERITY FOR FARMERS AND ITS LOW-INCOME EMPLOYEES. THROUGH PARTNERSHIPS WITH REGIONAL FOOD BANKS, FARMERS' MARKETS, A COMMUNITY SUPPORTED AGRICULTURE PROGRAM, A FARM-TO-SCHOOL PROGRAM, CONTRACTS WITH GROWERS, A SHARED-USE KITCHEN,AND MORE, THE RFEC IS WORKING TO INCREASE THE HEALTH OF THE REGION. THE GOALS OF THE RFEC ARE TO INCREASE REGIONAL CONSUMPTION OF, AND ACCESS TO LOCALLY PRODUCED AGRICULTURAL PRODUCTS AND DEVELOP NEW MARKET OPPORTUNITIES FOR FARM OPERATIONS SERVING LOCAL MARKETS.

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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 $11,709

Program Service Revenue $15,381

Investment Income $17

Other Revenue $1,526,387

TOTAL REVENUE $1,553,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,565

Fundraising Expenses $0

Program Expenses $236,445

Other Expenses $186,880

TOTAL EXPENSES $236,445

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,553,494	$773,201	+1.0%
Expenses	$236,445	$482,368	-0.5%
Net Income	$1,317,049	$290,833	+3.5%

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

N/A

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
KIM HAWK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOYCE WILLIAMS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RITA MASI	TREASURER	1.00	Officer Director	$0	$0	$0
BOB BAKOS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN WILSON	MEMBER	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	$1,553,494	$236,445	No data	$1,317,049
2023	$773,201	$482,368	$283,474	$290,833

REPUBLIC FOOD ENTERPRISE CENTER INC