COLQUITT COUNTY FOOD AND CLOTHING BANK INC (EIN 581503398) - Form 990 Financial Analysis & Trantor Score

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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

LAURA KEITH

Phone

9129857725

Tax Period

2023-01-01 to 2023-12-31

COLQUITT COUNTY FOOD AND CLOTHING BANK INC, founded in 1983, is a small nonprofit that reported $124K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $34K, a strong 28% operating margin.

Mission

The purpose of this organization is to provide food to low income and needy families/individuals of Colquitt County, Georgia. Counseling in health and nutrition to these families/individual residents of Colquitt County is also provided. Recipients are referred primarily by the State of Georgia Department of Family and Children Services (over 90%), with the balance referred by churches. Guidelines have been established to determine qualified recipients. Data is maintained to support the need of the recipients.

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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 $121,593

Program Service Revenue $0

Investment Income $2,089

Other Revenue $0

TOTAL REVENUE $123,682

Expense Breakdown

Grants Paid $36,136

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,583

Other Expenses $53,487

TOTAL EXPENSES $89,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,682	$138,135	-0.1%
Expenses	$89,623	$59,654	+0.5%
Net Income	$34,059	$78,481	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA CASTELLOW	Treasurer	1.00	Officer Director	$0	$0	$0
SAM MANGUM	Director	1.00	Director	$0	$0	$0
JANET SHELDON	Director	1.00	Director	$0	$0	$0
MAUREEN PRICE	Secretary	1.00	Officer Director	$0	$0	$0
STEVEN GREGORY	Director	1.00	Director	$0	$0	$0
LAURA KEITH	Executive Dir.	20.00	Officer Director	$0	$0	$0
BUD STRINGER	Director	1.00	Director	$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	$123,682	$89,623	$580,831	$34,059
2022	$138,135	$59,654	$544,819	$78,481

COLQUITT COUNTY FOOD AND CLOTHING BANK INC