International Food and Beverage Technology Association

EIN: 472240906

Potomac, MD

Total Revenue
$375,272
Total Expenses
$707,121
Total Assets
$66,612
Net Assets
$-1,367,421
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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
DC
Principal Officer
Robert Grimes
Phone
3019162235
Tax Period
2024-01-01 to 2024-12-31

International Food and Beverage Technology Association, founded in 2014, is a small nonprofit that reported $375K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $707K exceeded revenue, resulting in a 88% operating deficit.

Mission

To promote technology usage in the global food and beverage industries.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $374,747
Investment Income $0
Other Revenue $525
TOTAL REVENUE $375,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $332,629
Fundraising Expenses $0
Other Expenses $374,492
TOTAL EXPENSES $707,121

Year-over-Year Comparison

2024 2023 Change
Revenue $375,272 $457,322 -0.2%
Expenses $707,121 $764,217 -0.1%
Net Income $-331,849 $-306,895 +0.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
8

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
3
$100,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Don Zimmerman Chairman 0.80
Officer Director
$0 $0 $0
Yoo-Jin Yi Treasurer 0.80
Officer Director
$0 $0 $0
Vikram Badhwar Director 0.80
Director
$0 $0 $0
Kevin Bentley Director 0.80
Director
$0 $0 $0
Ted Orman Director 0.80
Director
$0 $0 $0
Pankaj Patra Director 0.80
Director
$0 $0 $0
Zerrick Pearson Director 0.80
Director
$0 $0 $0
Yvette Vincent Director 0.80
Director
$0 $0 $0
Robert Grimes Chief Executive Officer 30.00
Officer
$100,000 $0 $100,000
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 $375,272 $707,121 $66,612 $-331,849
2023 $457,322 $764,217 $80,384 $-306,895
2022 $316,940 $567,122 $207,423 $-250,182
2021 $332,811 $424,930 $113,446 $-92,119
2020 $370,358 $346,166 $148,178 $24,192
2019 $390,562 $469,022 $135,968 $-78,460
2018 $190,254 $451,510 $5,144 $-261,256
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