SECOND HARVEST FOOD BANK OF NORTHEAST TN (EIN 621303822) - 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

1986

Legal Domicile

Principal Officer

RHONDA CHAFIN

Phone

4232790430

Tax Period

2024-07-01 to 2025-06-30

SECOND HARVEST FOOD BANK OF NORTHEAST TN, founded in 1986, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $32.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $30.1M left a modest 6% surplus.

Mission

TO FEED THE HUNGRY IN NE TN BY SECURING AND DISTRIBUTING FOOD AND ENGAGING THE COMMUNITY.

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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 $29,866,995

Program Service Revenue $1,129,276

Investment Income $1,106,552

Other Revenue $-61,239

TOTAL REVENUE $32,041,584

Expense Breakdown

Grants Paid $25,757,770

Salaries & Benefits $2,410,643

Fundraising Expenses $758,622

Program Expenses $28,307,901

Other Expenses $1,818,272

TOTAL EXPENSES $30,125,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,041,584	$29,291,620	+0.1%
Expenses	$30,125,658	$27,625,383	+0.1%
Net Income	$1,915,926	$1,666,237	+0.1%

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

1657

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

$157,723

Total Directors

$157,723

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CODY WINE	PRESIDENT	2.00	Officer Director	$0	$0	$0
CATHY CRUMLEY BYERS	SECRETARY	2.00	Officer Director	$0	$0	$0
RHONDA CHAFIN	EXECUTIVE DIRECTOR	40.00	Officer Director	$138,579	$19,144	$157,723
MARGARET MOSES	DIRECTOR	2.00	Director	$0	$0	$0
MARTY UNDERWOOD	DIRECTOR	2.00	Director	$0	$0	$0
TODD NORRIS	DIRECTOR	2.00	Director	$0	$0	$0
MARCY E WALKER	DIRECTOR	2.00	Director	$0	$0	$0
GARY STIDHAM	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
BUNKY GANDY	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA BLANKEN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM ANDERSON	DIRECTOR	2.00	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
2025	$32,041,584	$30,125,658	$19,765,740	$1,915,926
2024	$29,291,620	$27,625,383	$17,874,620	$1,666,237
2023	$27,618,047	$25,051,091	$15,917,024	$2,566,956
2023	$27,618,047	$25,051,091	$15,917,024	$2,566,956
2022	$23,622,848	$25,637,806	$13,515,949	$-2,014,958
2021	$35,274,720	$28,814,731	$15,480,531	$6,459,989
2020	$23,501,863	$19,881,399	$9,269,778	$3,620,464
2019	$17,664,391	$17,450,533	$5,458,291	$213,858

SECOND HARVEST FOOD BANK OF NORTHEAST TN