FMI FOUNDATION (EIN 521970352) - 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

1996

Legal Domicile

Principal Officer

LESLIE G SARASIN

Phone

2024528444

Tax Period

2023-01-01 to 2023-12-31

THE FOOD MARKETING INSTITUTE FOUNDATION, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2018. The organization ran a surplus of $199K, a strong 17% operating margin.

Mission

PROVIDE SUPPORT TO THE FOOD INDUSTRY'S IMPORTANT FOOD SAFETY, NUTRITION AND HEALTH PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $698,587

Program Service Revenue $0

Investment Income $441,992

Other Revenue $-403,646

TOTAL REVENUE $736,933

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $0

Fundraising Expenses $74,360

Program Expenses $541,329

Other Expenses $764,172

TOTAL EXPENSES $964,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$736,933	$937,449	-0.2%
Expenses	$964,172	$1,145,052	-0.2%
Net Income	$-227,239	$-207,603	+0.1%

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

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

$4,259,244

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART POTASH	CHAIR (AS OF 1/2023)	1.00	Officer Director	$0	$0	$0
TIFFANY MENYHART	TRUSTEE (AS OF 6/2023)	1.00	Director	$0	$0	$0
PAM STEWART	TRUSTEE (AS OF 1/2023)	1.00	Director	$0	$0	$0
JIM WISPINSKI	TRUSTEE (AS OF 1/2023)	1.00	Director	$0	$0	$0
DAGMAR BOGGS	TRUSTEE	1.00	Director	$0	$0	$0
BRENT COTTEN	TRUSTEE	1.00	Director	$0	$0	$0
KEITH DAILEY	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY FOGARTY	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS FOLEY	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN GEORGE	TRUSTEE	1.00	Director	$0	$0	$0
NEIL GOLUB	TRUSTEE	1.00	Director	$0	$0	$0
OSCAR GONZALEZ	TRUSTEE	1.00	Director	$0	$0	$0
GEORGIA VAN GUNDY	TRUSTEE	1.00	Director	$0	$0	$0
TODD JONES	TRUSTEE	1.00	Director	$0	$0	$0
RICK KEYES	TRUSTEE	1.00	Director	$0	$0	$0
OLI MORTON	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SHERIDAN	TRUSTEE	1.00	Director	$0	$0	$0
MIKE VAIL	TRUSTEE	1.00	Director	$0	$0	$0
JULIA WELLS	TRUSTEE	1.00	Director	$0	$0	$0
BRAD W BROOKSHIRE	PAST CHAIR (AS OF 1/2023)	1.00	Officer Director	$0	$0	$0
GEOFF TANNER	TRUSTEE (UNTIL 4/2023)	1.00	Director	$0	$0	$0
KIRK TANNER	TRUSTEE (UNTIL 12/2023)	1.00	Director	$0	$0	$0
LESLIE G SARASIN	PRESIDENT	1.00	Officer	$0	$51,691	$3,280,230
SALVATORE J DICARLO	CFO/TREASURER	1.00	Officer	$0	$84,799	$614,942
DAVID FIKES	SENIOR VP/SECRETARY	19.00	Officer	$0	$61,004	$364,072

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	$736,933	$964,172	$12,161,980	$-227,239
2022	$937,449	$1,145,052	$10,601,900	$-207,603
2021	$1,743,076	$948,753	$12,637,016	$794,323
2020	$1,111,441	$1,072,248	$12,135,769	$39,193
2018	$1,184,899	$986,080	$9,464,140	$198,819

FMI FOUNDATION