FOOD PROCESSING SUPPLIERS ASSOCIATION (EIN 520630464) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1919

Legal Domicile

Principal Officer

CHRISTOPHER LYONS

Phone

7037612600

Tax Period

2024-01-01 to 2024-12-31

FOOD PROCESSING SUPPLIERS ASSOCIATION, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2018. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 68% operating deficit.

Mission

OUR GOAL IS TO PROVIDE MEMBERS WITH NETWORKING, MARKETING AND EDUCATIONAL OPPORTUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $61,900

Program Service Revenue $-204,245

Investment Income $2,408,606

Other Revenue $0

TOTAL REVENUE $2,266,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,420,434

Fundraising Expenses $0

Other Expenses $1,430,368

TOTAL EXPENSES $2,850,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,266,261	$346,461	+5.5%
Expenses	$2,850,802	$2,803,859	+0.0%
Net Income	$-584,541	$-2,457,398	-0.8%

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

Employees

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

$1,330,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN PERKINS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MATT MALOTT	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JARROD MCCARROLL	CHAIR - MEMBERSHIP COMMITT	1.00	Officer Director	$0	$0	$0
GIL WILLIAMS	CHAIR - FIT INC.	1.00	Officer Director	$0	$0	$0
ERIK BRAINARD	TREASURER	1.00	Officer Director	$0	$0	$0
DANA SUMMEROUR	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
KATE ROME	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
STEVE RADKE	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
BOB GROTE	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MCGADY	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
JAMES BONATAKIS	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KRUMSEE	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
KARL WALBY	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
BRANDON WHITE	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
DARIN ZEHR	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MAS	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
CHUCK SENA	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
DAVE HIPENBECKER	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
KEN COOK	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
MIKE HINTZ	SEGMENT DIRECTOR	1.00	Director	$0	$0	$0
DAVID SECKMAN	PRES. & CEO (UNTIL 3/24; 10/24-12/24)	37.50	Officer	$586,461	$63,240	$649,701
ROBYN ROCHE	CFO	37.50	Officer	$307,885	$37,162	$345,047
MATT OTT	PRES. & CEO (FROM 3/24 TO 10/24)	37.50	Officer	$305,727	$30,259	$335,986
ANDREW DRENNAN	SVP	37.50	Highest	$122,773	$23,592	$146,365

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	$2,266,261	$2,850,802	$16,702,416	$-584,541
2023	$346,461	$2,803,859	$17,024,759	$-2,457,398
2022	$2,054,143	$2,685,257	$17,907,783	$-631,114
2021	$1,893,094	$2,342,220	$22,097,268	$-449,126
2020	$12,407,043	$2,725,007	$21,271,324	$9,682,036
2019	$8,929,664	$8,600,562	$11,934,506	$329,102
2018	$1,691,081	$2,843,635	$12,470,790	$-1,152,554

FOOD PROCESSING SUPPLIERS ASSOCIATION