Federation of Virginia Food Banks (EIN 541388664) - 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

1994

Legal Domicile

Phone

8045495675

Tax Period

2024-07-01 to 2025-06-30

Federation of Virginia Food Banks, founded in 1994, is a small nonprofit that reported $227K in total revenue in fiscal year 2018. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $255K exceeded revenue, resulting in a 12% operating deficit.

Mission

Facilitating statewide collaboration among Virginia's food banks, partners, and neighbors to improve nutrition security and empower strong, healthy communities.

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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 $6,759,926

Program Service Revenue $125,000

Investment Income $906

Other Revenue $1,960

TOTAL REVENUE $6,887,792

Expense Breakdown

Grants Paid $6,716,229

Salaries & Benefits $405,912

Fundraising Expenses $171,909

Program Expenses $7,150,916

Other Expenses $370,085

TOTAL EXPENSES $7,492,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,887,792	$13,181,643	-0.5%
Expenses	$7,492,226	$13,063,935	-0.4%
Net Income	$-604,434	$117,708	-6.1%

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

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

$136,780

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Maher	Treasurer	1.0	Officer Director	$0	$0	$0
Douglas Pick	Secretary	1.0	Officer Director	$0	$0	$0
Michael McKee	Chairman	1.0	Officer Director	$0	$0	$0
Radha Muthiah	Vice Chairman	1.0	Officer Director	$0	$0	$0
Christopher Tan	Director	1.0	Director	$0	$0	$0
Dennis Hatchett	Director	1.0	Director	$0	$0	$0
Pamela Irvine	Director	1.0	Director	$0	$0	$0
Robert Latvis	Director	1.0	Director	$0	$0	$0
Edward Oliver	Executive Director	40.0	Officer	$126,896	$9,884	$136,780

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	$6,887,792	$7,492,226	$1,569,681	$-604,434
2024	$13,181,643	$13,063,935	$2,156,723	$117,708
2023	$8,484,893	$8,159,023	$2,208,230	$325,870
2022	$4,414,644	$4,427,716	$1,700,270	$-13,072
2021	$16,974,140	$16,647,753	$1,477,278	$326,387
2020	$4,913,941	$4,688,281	$1,122,342	$225,660
2019	$226,941	$254,530	$1,320,899	$-27,589

Federation of Virginia Food Banks