Food Bank of North Alabama Inc (EIN 630884372) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Shirley Schofield

Phone

2565392256

Tax Period

2023-10-01 to 2024-09-30

Food Bank of North Alabama Inc, founded in 1984, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $21.1M in total revenue in fiscal year 2018. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

collect warehouse & distribute food to needy organizations

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,074,704

Program Service Revenue $4,879,337

Investment Income $161,982

Other Revenue $0

TOTAL REVENUE $39,116,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,924,269

Fundraising Expenses $336,526

Program Expenses $35,803,059

Other Expenses $34,571,764

TOTAL EXPENSES $36,496,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,116,023	N/A	N/A
Expenses	$36,496,033	N/A	N/A
Net Income	$2,619,990	N/A	N/A

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

100

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

$107,775

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shirely Schofield	Executive Director	40.00	Key Emp	$107,775	$0	$107,775
Joe Clark	Chair	4.00	Officer Director	$0	$0	$0
Will Scott	Vice Chair	4.00	Officer Director	$0	$0	$0
Markeisha Layne	Treasurer	4.00	Officer Director	$0	$0	$0
Nick Stavely	Secretary	4.00	Officer Director	$0	$0	$0
Daniel Kaufman	Member	2.00	Director	$0	$0	$0
Alissa Mackiewicz	Member	2.00	Director	$0	$0	$0
Michelle Omenski	Member	2.00	Director	$0	$0	$0
Krisshonna Brown	Member	2.00	Director	$0	$0	$0
Ericka Gorman	Member	2.00	Director	$0	$0	$0
Nick McKinney	Member	2.00	Director	$0	$0	$0
Dr Helen Lien	Member	2.00	Director	$0	$0	$0
Dr Lisa Edwards	Member	2.00	Director	$0	$0	$0
LaPrayshia Hayes	Member	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
2024	$39,116,023	$36,496,033	$21,508,419	$2,619,990
2023	$29,699,592	$29,121,165	$19,722,428	$578,427
2020	$27,553,335	$23,736,504	$10,177,095	$3,816,831
2019	$21,137,817	$20,619,783	$6,317,993	$518,034

Food Bank of North Alabama Inc