TOLEDO SEAGATE FOODBANK INC (EIN 510252948) - 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

1980

Legal Domicile

Principal Officer

MINDY RAPP

Phone

4192446996

Tax Period

2024-10-01 to 2025-09-30

TOLEDO SEAGATE FOODBANK INC, founded in 1980, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $10.4M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION ASPIRES AND COMMITS OUR ENERGIES TO ELIMINATING HUNGER. WE SERVE A REGIONAL CAPACITY TO IDENTIFY AND DIRECT OUR RESOURCES TO THOSE IN NEED

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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 $10,278,885

Program Service Revenue $48,081

Investment Income $45,611

Other Revenue $0

TOTAL REVENUE $10,372,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,241,379

Fundraising Expenses $77,440

Program Expenses $10,005,160

Other Expenses $8,885,846

TOTAL EXPENSES $10,127,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,372,577	$10,749,343	0.0%
Expenses	$10,127,225	$11,043,700	-0.1%
Net Income	$245,352	$-294,357	-1.8%

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

N/A

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

$98,185

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MCDAY	MEMBER	2	Director	$0	$0	$0
SANDY WHITE	MEMBER	2	Director	$0	$0	$0
KARON BARON	VICE PRESIDENT	3	Officer Director	$0	$0	$0
MARK VOILS	PRESIDENT	4	Officer Director	$0	$0	$0
BILL ST JOHN	MEMBER	2	Director	$0	$0	$0
D KIMERER	SECRETARY TREA	4	Officer Director	$0	$0	$0
M MILLER	MEMBER	2	Director	$0	$0	$0
JOHN BOOTH	MEMBER	2	Director	$0	$0	$0
ALEXA LONG	MEMBERE	2	Director	$0	$0	$0
MINDY RAPP	EXEC DIRECTOR	45	Key Emp	$98,185	$0	$98,185

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
2025	$10,372,577	$10,127,225	$7,668,040	$245,352
2024	$10,749,343	$11,043,700	$7,767,677	$-294,357
2023	$10,180,281	$10,161,985	$6,505,958	$18,296
2022	$10,587,815	$9,993,693	$7,735,704	$594,122
2021	$11,025,425	$10,348,462	$6,901,343	$676,963
2020	$12,897,056	$11,662,991	$5,960,547	$1,234,065
2019	$8,206,943	$7,420,482	$4,685,812	$786,461
2018	$6,314,813	$6,249,470	$3,758,085	$65,343

TOLEDO SEAGATE FOODBANK INC