F BITES INC (EIN 474954148) - 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

BOBBY ANDERSON

Phone

7164004816

Tax Period

2024-01-01 to 2024-12-31

F BITES INC, founded in 2015, is a small nonprofit in the Education sector that reported $662K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $581K left a modest 12% surplus.

Mission

USING HANDS-ON CULINARY INSTRUCTION, TO EMPOWER UNDERPRIVILEGED YOUTH AND CHRONICALLY UNEMPLOYED ADULTS TO INSTILL LEADERSHIP, COMMUNICATION SKILLS AND THE ABILITY TO SET AND ACHIEVE GOALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $47,076

Program Service Revenue $615,211

Investment Income $0

Other Revenue $0

TOTAL REVENUE $662,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,896

Fundraising Expenses $0

Other Expenses $412,616

TOTAL EXPENSES $580,512

Year-over-Year Comparison

	2024	2023	Change
Revenue	$662,287	$785,872	-0.2%
Expenses	$580,512	$588,125	0.0%
Net Income	$81,775	$197,747	-0.6%

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

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

$8,000

Total Directors

$9,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE R ANDERSON	BOARD PRESIDENT	060.00	Director	$9,000	$0	$9,000
BOBBY ANDERSON	EXECUTIVE DIRECTOR	050.00	Officer	$8,000	$0	$8,000
COLLEEN FRETTHOLD	BOARD SECRETARY	003.00	Director	$0	$0	$0
MARK LAURRIE	BOARD TREASURER	002.00	Director	$0	$0	$0
STEPHEN KINGSTON	BOARD MEMBER	002.00	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	$662,287	$580,512	$342,559	$81,775
2023	$785,872	$588,125	$264,006	$197,747
2022	$666,674	$608,085	$229,523	$58,589
2021	$652,278	$608,221	$192,625	$44,057
2020	$207,732	$345,000	$102,640	$-137,268
2019	$223,643	$301,900	$144,338	$-78,257

F BITES INC