SPECIALTY FOOD FOUNDATION

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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

WILLIAM LYNCH

Phone

2124826440

Tax Period

2020-01-01 to 2020-12-31

SPECIALTY FOOD FOUNDATION, founded in 2014, is a micro nonprofit that reported $93K in total revenue in fiscal year 2020. Revenue fell 58% from the prior year — a significant decline worth monitoring.

Mission

TO DEVELOP AND SUPPORT TANGIBLE AND LASTING SOLUTIONS TO HUNGER AND FOOD RECOVERY BY AMPLIFYING THE INNOVATION AND PASSION OF THE SPECIALTY FOOD INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $78,499 Revenue: $0

THE FOUNDATION WORKS TO REDUCE HUNGER AND INCREASE FOOD RECOVERY EFFORTS VIA EDUCATION AND INDUSTRY EVENTS. THE GOAL OF THESE EVENTS IS TO INFLUENCE THE SPECIALTY FOOD INDUSTRY TO VOLUNTEER TIME AND DONATE PRODUCTS TO HELP LOCAL FOOD RECOVERY AND HUNGER RELIEF ORGANIZATIONS. THE FOUNDATION ALSO WORKS TO ENCOURAGE DONATION OF FOOD FROM EXHIBITORS AT THE WINTER AND SUMMER FANCY FOOD SHOWS. IN 2020, THE SUMMER FANCY FOOD SHOW WAS CANCELLED DUE TO COMPLICATIONS FROM COVID-19. ADDITIONAL PROGRAMS WILL COME IN FUTURE YEARS WITH SOME BEING MORE FOCUSED ON COMMUNITY BUILDING AND OTHERS ON AWARENESS OR EDUCATION. THE FOUNDATION HOPES TO BE A CATALYST TO GET THE SPECIALTY FOOD INDUSTRY INVOLVED IN HUNGER RELIEF AND FOOD RECOVERY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $93,207

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $93,207

Expense Breakdown

Grants Paid $65,865

Salaries & Benefits $0

Fundraising Expenses $362

Program Expenses $78,499

Other Expenses $36,096

TOTAL EXPENSES $101,961

Year-over-Year Comparison

	2020	2019	Change
Revenue	$93,207	$224,298	-0.6%
Expenses	$101,961	$224,464	-0.5%
Net Income	$-8,754	$-166	+51.7%

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

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

$1,200,625

Total Directors

$72,814

Key Employees

$1,534,740

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY RENFRO BORBOLLA	CHAIR (THRU JUNE 2020)	0.02	Officer Director	$0	$0	$10,938
TRISH POHANKA	VICE CHAIR (THRU JUNE 2020)	0.02	Officer Director	$0	$0	$6,250
LORI KING	BOARD FIN. OFFICER (THRU JUNE 2020)	0.02	Officer Director	$0	$0	$6,250
CHARLIE APT	DIRECTOR (THRU JUNE 2020)	0.02	Director	$0	$0	$10,938
DENNIS DESCHAINE	DIRECTOR (THRU JUNE 2020)	0.02	Director	$0	$0	$0
CASE FISCHER	DIRECTOR (THRU JUNE 2020)	0.02	Director	$0	$0	$5,000
NORA WEISER	CHAIR	0.02	Officer Director	$0	$0	$0
MATT NEILSON	TREASURER	0.02	Officer Director	$0	$0	$0
JILL GIACOMINI BASCH	DIRECTOR	0.02	Director	$0	$0	$8,750
SUSAN ERIKSEN	DIRECTOR	0.02	Director	$0	$0	$6,250
DAVID GREMMELS	DIRECTOR	0.02	Director	$0	$0	$5,000
NONA LIM	DIRECTOR	0.02	Director	$0	$0	$8,750
LISA RAIOLA	DIRECTOR	0.02	Director	$0	$0	$0
TODD RUBIN	DIRECTOR	0.02	Director	$0	$0	$0
JIM THALLER	DIRECTOR	0.02	Director	$0	$0	$0
WILLIAM BOOKER II	BOARD FINANCIAL OFFICER	0.02	Officer Director	$0	$0	$4,688
PHILLIP M KAFARAKIS	PRESIDENT (THRU MAY 2020)	0.10	Officer	$0	$223,188	$791,025
WILLIAM LYNCH	PRESIDENT	0.10	Officer	$0	$52,832	$381,474
RONALD TANNER	VP, PHILANTHROPY & INDUSTRY	0.25	Key Emp	$0	$665,783	$1,534,740

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	$93,207	$101,961	$150,231	$-8,754
2019	$224,298	$224,464	$80,789	$-166
2018	$296,096	$296,415	$80,955	$-319