SOMERSET COUNTY MOBILE FOOD BANK (EIN 465579966) - 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

2015

Legal Domicile

Principal Officer

GREG WILL

Phone

8144442509

Tax Period

2023-01-01 to 2023-12-31

SOMERSET COUNTY MOBILE FOOD BANK, founded in 2015, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $432K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $80K, a strong 19% operating margin.

Mission

TO PROVIDE FOOD ASSISTANCE IN THE LOCAL COMMUNITY

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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 $325,461

Program Service Revenue $0

Investment Income $6,540

Other Revenue $100,392

TOTAL REVENUE $432,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,832

Fundraising Expenses $0

Program Expenses $335,889

Other Expenses $264,151

TOTAL EXPENSES $351,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$432,393	$472,781	-0.1%
Expenses	$351,983	$323,878	+0.1%
Net Income	$80,410	$148,903	-0.5%

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

4162

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
GRANT CROYLE	DIRECTOR	N/A	Director	$0	$0	$0
DAVID MAHLER	DIRECTOR	N/A	Director	$0	$0	$0
IAN MAPES	DIRECTOR	N/A	Director	$0	$0	$0
DAVID MOORE	DIRECTOR	N/A	Director	$0	$0	$0
ELLIS NAIR	DIRECTOR	N/A	Director	$0	$0	$0
TOM SHAFFER	DIRECTOR	N/A	Director	$0	$0	$0
KEN SOLDANO	DIRECTOR	N/A	Director	$0	$0	$0
JULIE STANTON	DIRECTOR	N/A	Director	$0	$0	$0
BENJAMIN TAWNEY	EXECUTIVE DI	N/A	Director	$0	$0	$0
BRIAN WHIPKEY	DIRECTOR	N/A	Director	$0	$0	$0
AMY WILL	DIRECTOR	N/A	Director	$0	$0	$0
GREG WILL	PRESIDENT	N/A	Director	$0	$0	$0
MARTIN PALGUTA CPA	TREASURER	N/A	Officer	$0	$0	$0
MARY ALICE EMERT	SECRETARY	N/A	Officer	$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	$432,393	$351,983	$889,896	$80,410
2022	$472,781	$323,878	$809,486	$148,903
2021	$365,733	$234,880	$660,583	$130,853
2020	$447,157	$275,552	$529,730	$171,605
2019	$325,364	$239,868	$358,125	$85,496
2018	$227,270	$245,738	$272,629	$-18,468

SOMERSET COUNTY MOBILE FOOD BANK