TAFB-SPE

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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

2014

Legal Domicile

Principal Officer

Robert Drummond

Phone

8178577100

Tax Period

2019-10-01 to 2020-09-30

TAFB-SPE, founded in 2014, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2019. Revenue surged 3616% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 21% operating margin.

Mission

TAFB-SPE IS ORGANIZED TO SUPPORT THE EDUCATIONAL, CHARITABLE AND SOCIAL PURPOSES OF TAFB AND TO CONSTRUCT AND LEASE TO TAFB AN ADMINISTRATIVE OFFICE BUILDING.

Program Service Accomplishments

Program 1

Expenses: $4,214,115

To Support the educational, charitable and social purposes of Tarrant Area Food Bank (TAFB). Generally, and without limitation, specifically to construct and lease to TAFB an administrative office...

To Support the educational, charitable and social purposes of Tarrant Area Food Bank (TAFB). Generally, and without limitation, specifically to construct and lease to TAFB an administrative office building and related improvements.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $5,833,618

TOTAL REVENUE $5,833,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,214,115

Other Expenses $4,619,731

TOTAL EXPENSES $4,619,731

Year-over-Year Comparison

	2019	2018	Change
Revenue	$5,833,618	$157,000	+36.2%
Expenses	$4,619,731	$413,182	+10.2%
Net Income	$1,213,887	$-256,182	-5.7%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
Bennett Cepak	Administrator	1.0	Highest	$0	$17,664	$136,124
David Speed	Secretary	1.0	Officer Director	$0	$0	$0
Scott Bagg	Treasurer	1.0	Officer Director	$0	$0	$0
Robert Drummond	PRESIDENT	1.0	Director	$0	$0	$0
DOUG RENFRO	DIRECTOR	1.0	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
2020	$5,833,618	$4,619,731	No data	$1,213,887
2019	$157,000	$413,182	$4,452,483	$-256,182
2018	$157,000	$401,113	$4,698,417	$-244,113