Food For Families NC Inc (EIN 471895897) - 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

2014

Legal Domicile

Principal Officer

Thomas J Hall

Tax Period

2023-01-01 to 2023-12-31

Food For Families NC Inc, founded in 2014, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 9% surplus.

Mission

To eradicate hunger in families in our 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 $1,167,098

Program Service Revenue $0

Investment Income $2

Other Revenue $20,250

TOTAL REVENUE $1,187,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,778

Fundraising Expenses $0

Program Expenses $1,063,188

Other Expenses $987,521

TOTAL EXPENSES $1,075,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,187,350	$2,217,080	-0.5%
Expenses	$1,075,299	$669,902	+0.6%
Net Income	$112,051	$1,547,178	-0.9%

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

300

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
Amy C Niccolai	Employee	38.00	Highest	$51,100	$0	$51,100
David Wade	Board member	2.00	Director	$0	$0	$0
Dwayne Lewis	Board Member	1.00	Director	$0	$0	$0
Ingram Walters	Board member	1.00	Director	$0	$0	$0
Ray Black	Board member	1.00	Director	$0	$0	$0
Drew Boggs	Board member	1.00	Director	$0	$0	$0
Amy Gower	Board Member	3.00	Director	$0	$0	$0
David Cuthbertson	Board Member	1.00	Director	$0	$0	$0
Steven K Helms	Board Member	3.00	Director	$0	$0	$0
R Dean Harrell	Board Member	1.00	Director	$0	$0	$0
Thomas J Hall	Director	10.00	Officer Director	$0	$0	$0
Jeff Mangum	Vice Chair	2.00	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	No data	No data	No data	No data
2023	$1,187,350	$1,075,299	$2,351,978	$112,051
2023	$1,187,350	$1,075,299	$2,351,978	$112,051
2022	$2,217,080	$669,902	$2,269,008	$1,547,178
2021	$760,949	$741,919	$713,802	$19,030
2020	$753,894	$506,084	$673,044	$247,810
2019	$221,678	$150,650	$454,049	$71,028
2018	$386,517	$112,945	$443,021	$273,572

Food For Families NC Inc