TASTE OF THE SOUTH

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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

1983

Legal Domicile

Principal Officer

MOLLY VINESETT

Phone

2023314452

Tax Period

2023-01-01 to 2023-12-31

TASTE OF THE SOUTH, founded in 1983, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE ORGANIZATION RAISES FUNDS FOR CHARITABLE CAUSES ACROSS 13 CHARITIES IN THE SOUTHERN UNITED STATES BY HOSTING AN ANNUAL GALA THAT CELEBRATES FOOD, MUSIC, AND SOUTHERN HOSPITALITY.

Program Service Accomplishments

Program 1

Expenses: $1,445,053 Revenue: $383,656

ANNUAL EVENT IN THE WASHINGTON, D.C. AREA FOR THE PUBLIC TO RAISE FUNDS FOR CHARITIES IN 13 SOUTHERN STATES. FUNDS IN EXCESS OF EXPENSES WENT TO LOCAL CHARITIES FROM THE 13 STATES AND THE DISTRICT OF...

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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 (2023)

Revenue Breakdown

Contributions & Grants $671,318

Program Service Revenue $383,656

Investment Income $3,128

Other Revenue $0

TOTAL REVENUE $1,058,102

Expense Breakdown

Grants Paid $976,056

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,445,053

Other Expenses $491,351

TOTAL EXPENSES $1,467,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,058,102	$957,585	+0.1%
Expenses	$1,467,407	$549,773	+1.7%
Net Income	$-409,305	$407,812	-2.0%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATALIE YEZBICK	CHAIRMAN	10.00	Officer	$0	$0	$0
MOLLY VINESETT	VICE CHAIRMAN	10.00	Officer	$0	$0	$0
LEE BONNER	TREASURER	10.00	Officer	$0	$0	$0
MARY COLLINS ATKINSON	SECRETARY	10.00	Officer	$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	No data	No data	No data	No data
2023	$1,058,102	$1,467,407	$158,690	$-409,305
2022	$957,585	$549,773	$567,995	$407,812
2021	$510,300	$681,105	$160,183	$-170,805
2020	$235,955	$110,940	$333,129	$125,015
2019	$781,494	$701,598	$209,326	$79,896
2018	$675,600	$689,692	$129,430	$-14,092