FOODBANK OF SOUTHEASTERN VIRGINIA (EIN 521219783) - 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

1981

Legal Domicile

Phone

7576276599

Tax Period

2024-07-01 to 2025-06-30

FOODBANK OF SOUTHEASTERN VIRGINIA, founded in 1981, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $35.4M in total revenue in fiscal year 2017. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $34.2M left a modest 3% surplus.

Mission

LEADING THE EFFORT TO ELIMINATE HUNGER IN OUR COMMUNITY.

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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 $58,490,270

Program Service Revenue $559,790

Investment Income $705,436

Other Revenue $1,096,886

TOTAL REVENUE $60,852,382

Expense Breakdown

Grants Paid $41,353,506

Salaries & Benefits $4,900,732

Fundraising Expenses $1,649,300

Program Expenses $50,756,849

Other Expenses $6,785,136

TOTAL EXPENSES $53,669,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,852,382	$56,064,593	+0.1%
Expenses	$53,669,948	$54,171,622	0.0%
Net Income	$7,182,434	$1,892,971	+2.8%

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

7317

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

$331,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia Nicholson	Vice Chair	1.0	Officer Director	$0	$0	$0
Damon DeSue	Treasurer	1.0	Officer Director	$0	$0	$0
Heather Hall	Secretary	1.0	Officer Director	$0	$0	$0
Sara Rothenberg	Chair	1.0	Officer Director	$0	$0	$0
Christopher Keffer	Board Member	1.0	Director	$0	$0	$0
Don Carey	Board Member	1.0	Director	$0	$0	$0
Doug Smith	Board Member	1.0	Director	$0	$0	$0
Kay O'Reilly	Board Member	1.0	Director	$0	$0	$0
Kevin Jones	Past Chair	1.0	Director	$0	$0	$0
Leila Rice	Board Member	1.0	Director	$0	$0	$0
Martha Ambler	Board Member	1.0	Director	$0	$0	$0
Rick Lloyd	Board Member	1.0	Director	$0	$0	$0
Rickey Burroughs	Board Member	1.0	Director	$0	$0	$0
Thomas Hasty	Board Member	1.0	Director	$0	$0	$0
William Goings	Board Member	1.0	Director	$0	$0	$0
Christopher Tan	President & CEO	40.0	Officer	$171,168	$28,061	$199,229
Dean Wooten	CFO	40.0	Officer	$105,502	$26,558	$132,060
Leah Williams Rumbly	Chief Programs & Innovation Officer	40.0	Highest	$114,225	$7,127	$121,352
Melissa Smith	CDO	40.0	Highest	$112,812	$20,424	$133,236

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	$60,852,382	$53,669,948	$35,066,091	$7,182,434
2024	$56,064,593	$54,171,622	$26,940,357	$1,892,971
2023	$46,085,772	$45,537,832	$24,836,114	$547,940
2022	$36,248,967	$37,660,834	$23,372,380	$-1,411,867
2021	$41,922,785	$38,092,808	$26,742,408	$3,829,977
2020	$36,548,687	$31,708,143	$20,941,697	$4,840,544
2019	$31,929,289	$30,164,029	$16,092,797	$1,765,260
2018	$35,363,979	$34,218,813	$14,046,297	$1,145,166

FOODBANK OF SOUTHEASTERN VIRGINIA