FOUNDATION OF FOOD PROCESSING SUPPLIERS ASSOCIATION

EIN: 521304324 501(c)(3)

MCLEAN, VA

Total Revenue
$-137,221
Total Expenses
$227,717
Total Assets
$4,396,368
Net Assets
$4,337,098
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
DE
Principal Officer
CHRISTOPHER LYONS
Phone
7037612600
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION OF FOOD PROCESSING SUPPLIERS ASSOCIATION, founded in 1983, is a micro nonprofit that reported $137K in total revenue in fiscal year 2024.

Mission

TO FUND SELECT EDUCATIONAL, SCIENTIFIC AND LITERARY PROJECTS, ACTIVITIES, OR PROGRAMS OF THE INDUSTRIES SERVED BY FPSA MEMBERS IN SUCH A MANNER THAT FPSA MEMBERS ARE BENEFITED THROUGH INDUSTRY BETTERMENT DUE TO IMPROVED QUALITY CONTROL AND PROFESSIONAL STANDARDS, ENHANCED RECOGNITION OR IMAGE, AND IMPROVED PROCESSOR RELATIONSHIPS.

Program Service Accomplishments

Program 1
Expenses: $203,250

GRANTS & SCHOLARSHIPS: THE FOUNDATION'S GRANT PROGRAMS BENEFIT THE CHICAGO FOOD DEPOSITORY AND FOOD SAFETY RESEARCH. THE FOUNDATION PROVIDES SCHOLARSHIPS TO UNDERGRADUATE FOOD ENGINEERS.

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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 $0
Investment Income $76,015
Other Revenue $-213,236
TOTAL REVENUE $-137,221

Expense Breakdown

Grants Paid $203,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $203,250
Other Expenses $24,467
TOTAL EXPENSES $227,717

Year-over-Year Comparison

2024 2023 Change
Revenue $-137,221 $-143,541 0.0%
Expenses $227,717 $299,337 -0.2%
Net Income $-364,938 $-442,878 -0.2%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
5
$1,330,734
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JARROD MCCARROLL CHAIRMAN 1.00
Officer Director
$0 $0 $0
DANTE PIETRINFERNI TREASURER 1.00
Officer Director
$0 $0 $0
KATE ROME DIRECTOR 1.00
Director
$0 $0 $0
DAVID SECKMAN PRES. & CEO (UNTIL 3/24; 10/24-12/24) 2.00
Officer
$0 $63,240 $649,701
ROBYN ROCHE CFO 11.50
Officer
$0 $37,162 $345,047
MATT OTT PRESIDENT & CEO (FROM 3/24 TO 10/24) 2.00
Officer
$0 $30,259 $335,986
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 $-137,221 $227,717 $4,396,368 $-364,938
2023 $-143,541 $299,337 $4,807,970 $-442,878
2022 $-46,307 $160,342 $5,113,175 $-206,649
2021 $173,833 $233,946 $5,487,524 $-60,113
2020 $321,776 $199,877 $5,660,693 $121,899
2019 $300,422 $527,273 $5,775,582 $-226,851
2018 $400,244 $391,372 $5,918,123 $8,872
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