FIRST STEP FOOD BANK INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

PETER DEL TORO

Phone

3527325500

Tax Period

2021-07-01 to 2022-06-30

FIRST STEP FOOD BANK INC, founded in 1993, is a small nonprofit that reported $195K in total revenue in fiscal year 2021. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $241K exceeded revenue, resulting in a 23% operating deficit.

Mission

DISTRIBUTE FOOD PRODUCTS THROUGH OUR APPROVED AGENCIES TO THE NEEDY, ILL, AND CHILDREN OF MARION COUNTY, FLORIDA

Program Service Accomplishments

Program 1

Expenses: $161,594

DISTRIBUTE FOOD PRODUCTS THROUGH OUR APPROVED AGENCIES TO THE NEEDY, ILL, AND CHILDREN OF MARION COUNTY, FLORIDA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $76,083

Program Service Revenue $0

Investment Income $2,688

Other Revenue $116,690

TOTAL REVENUE $195,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,904

Fundraising Expenses $0

Program Expenses $161,594

Other Expenses $100,696

TOTAL EXPENSES $240,600

Year-over-Year Comparison

	2021	2020	Change
Revenue	$195,461	$332,241	-0.4%
Expenses	$240,600	$211,022	+0.1%
Net Income	$-45,139	$121,219	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$51,147

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER DEL TORO	EXECUTIVE DI	40.00	Director	$51,147	$0	$51,147
DALE BROOM	TREASURER	3.00	Officer Director	$0	$0	$0
RICK ELLIOTT	DIRECTOR	2.00	Director	$0	$0	$0
FRED JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCGRATH	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN MCNEELY-WILLIAMS	SECRETARY	3.00	Officer Director	$0	$0	$0
SAMUEL MERRITT	DIRECTOR	1.00	Director	$0	$0	$0
STEWART ROBINSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
FRANK LUNSFORD	VICE PRESIDE	3.00	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
2022	$195,461	$240,600	$754,616	$-45,139
2022	$-13,654	$163,345	No data	$-176,999
2021	$332,241	$211,022	$774,659	$121,219
2020	$174,684	$173,980	$653,440	$704
2019	$226,348	$231,763	$663,914	$-5,415