SMYRNA-LA VERGNE FOOD BANK (EIN 581565567) - 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

1987

Legal Domicile

Principal Officer

NORMAN HANKS

Phone

6154262463

Tax Period

2023-07-01 to 2024-06-30

SMYRNA-LA VERGNE FOOD BANK, founded in 1987, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

PROVIDE FOOD AND NON-FOOD SUPPLIES TO THE NEEDY.

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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 $1,690,291

Program Service Revenue $0

Investment Income $450

Other Revenue $21,000

TOTAL REVENUE $1,711,741

Expense Breakdown

Grants Paid $1,192,902

Salaries & Benefits $299,629

Fundraising Expenses $32,818

Program Expenses $1,619,977

Other Expenses $245,246

TOTAL EXPENSES $1,737,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,711,741	$1,990,795	-0.1%
Expenses	$1,737,777	$1,976,035	-0.1%
Net Income	$-26,036	$14,760	-2.8%

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

$135,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY LITTLETON	CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE BURKE	TREASURER	1.00	Officer Director	$0	$0	$0
LASHAN MATTHEWS DIXON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL B URSO	DIRECTOR	0.50	Director	$0	$0	$0
R DAVID RABY	DIRECTOR	0.50	Director	$0	$0	$0
AMANDA BROWN	DIRECTOR	0.50	Director	$0	$0	$0
EVAN PITTS	DIRECTOR	0.50	Director	$0	$0	$0
TINA PATEL	DIRECTOR	0.50	Director	$0	$0	$0
DENA ONEAL	DIRECTOR	0.50	Director	$0	$0	$0
NORMAN HANKS	EXECUTIVE DIRECTOR	40.00	Officer	$58,215	$2,750	$60,965
LADAWNA PARHAM	FORMER DIRECTOR	40.00	Officer	$73,599	$1,000	$74,599

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	$1,711,741	$1,737,777	$1,168,194	$-26,036
2023	$1,990,795	$1,976,035	$1,213,164	$14,760
2022	$2,432,881	$3,550,551	$1,178,628	$-1,117,670
2021	$4,605,717	$4,133,823	$2,393,022	$471,894
2020	$3,674,060	$3,052,037	$1,970,104	$622,023
2019	$2,190,972	$1,507,016	$1,299,955	$683,956
2018	$1,259,482	$973,418	$613,557	$286,064

SMYRNA-LA VERGNE FOOD BANK