HEART FOOD PANTRY

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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

2013

Legal Domicile

Principal Officer

JEFF STRICKLER

Phone

6146048878

Tax Period

2023-01-01 to 2023-12-31

HEART FOOD PANTRY, founded in 2013, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $6.0M left a modest 7% surplus.

Mission

MODELING GOD'S LOVE, HEART NOURISHES HUNGRY NEIGHBORS WITH HEALTHY NUTRITIOUS FOOD TODAY, CONNECTS THEM TO LIFE BUILDING RESOURCES FOR TOMORROW SO THEY CAN FLOURISH FOR A LIFETIME

Program Service Accomplishments

Program 1

Expenses: $5,870,327

CHOICE FOOD PANTRY DISTRIBUTING 3.2 MILLION MEALS TO 9,374 UNDUPLICATED HOUSEHOLDS. THIS REPRESENTS 32,962 INDIVIDUALS.

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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 $6,432,975

Program Service Revenue $0

Investment Income $20,971

Other Revenue $23,575

TOTAL REVENUE $6,477,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,210

Fundraising Expenses $0

Program Expenses $5,870,327

Other Expenses $5,728,943

TOTAL EXPENSES $5,999,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,477,521	$5,108,404	+0.3%
Expenses	$5,999,153	$5,108,390	+0.2%
Net Income	$478,368	$14	+34168.1%

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

851

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

$85,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAY ARNOLD	CHAIR	8.00	Officer Director	$0	$0	$0
GLENN HARRIS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
JEFF STRICKLER	TREASURER	8.00	Officer Director	$0	$0	$0
CHARLOTTE GILLESPIE	SECRETARY	2.00	Director	$0	$0	$0
JUSTIN KOHL	MEMBER AT LARGE	2.00	Director	$0	$0	$0
MERIDETH LAWSON-ROWE	MEMBER AT LARGE	2.00	Director	$0	$0	$0
SHANETTE STRICKLAND	MEMBER AT LARGE	2.00	Director	$0	$0	$0
CHERYL WOOTEN	EXECUTIVE DIRECTOR	40.00	Officer	$85,289	$0	$85,289

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	$6,477,521	$5,999,153	$1,010,768	$478,368
2022	$5,108,404	$5,108,390	$522,713	$14
2021	$5,507,528	$5,424,770	$525,127	$82,758
2020	$6,227,306	$5,960,124	$501,517	$267,182
2019	$1,476,531	$1,360,460	$152,345	$116,071
2018	$607,814	$617,946	$36,789	$-10,132