GEORGIA FOOD & RESOURCE CENTER INC (EIN 582553019) - 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

2009

Legal Domicile

Principal Officer

TRACY C SMITH OFFICER

Phone

7709460500

Tax Period

2024-01-01 to 2024-12-31

GEORGIA FOOD & RESOURCE CENTER INC, founded in 2009, is a small nonprofit in the Religion sector that reported $565K in total revenue in fiscal year 2024. Expenses of $699K exceeded revenue, resulting in a 24% operating deficit.

Mission

GEORGIA FOOD & RESOURCE CENTERS MISSION IS TO FIGHT HUNGER BY REACHING OUT TO FAMILIES IN NEED BY WORKING WITH LOCAL ORGANIZATIONS, CHURCHES, AND FAMILIES TO LOCATE THOSE IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $590,735

Program Service Revenue $545

Investment Income $0

Other Revenue $-25,828

TOTAL REVENUE $565,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,032

Fundraising Expenses $0

Other Expenses $420,731

TOTAL EXPENSES $698,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$565,452	$549,796	+0.0%
Expenses	$698,763	$742,771	-0.1%
Net Income	$-133,311	$-192,975	-0.3%

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

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

$77,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY C SMITH	CFO	40.00	Officer	$77,196	$0	$77,196
ALLEN HYDE	BOARD MEMBER	10.00	Director	$0	$0	$0
DAN LASSITER	BOARD MEMBER	10.00	Director	$0	$0	$0
BETH LASSITER	BOARD MEMBER	10.00	Director	$0	$0	$0
JEFFERY KENT	BOARD MEMBER	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	$565,452	$698,763	$364,223	$-133,311
2023	$549,796	$742,771	$384,758	$-192,975
2022	$514,412	$515,549	$411,053	$-1,137
2021	$577,134	$538,548	$698,851	$38,586
2020	$509,034	$485,000	$472,090	$24,034
2019	$491,999	$445,716	$425,475	$46,283
2018	$470,222	$420,005	$406,728	$50,217

GEORGIA FOOD & RESOURCE CENTER INC