WEST ALABAMA FOOD BANK INC

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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

Principal Officer

JEAN RYKACZEWSKI

Phone

2053335353

Tax Period

2023-01-01 to 2023-12-31

WEST ALABAMA FOOD BANK INC, founded in 1986, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $8.2M left a modest 5% surplus.

Mission

OUR MISSION IS TO HELP ALLEVIATE HUNGER AND FOOD INSECURITY IN WEST ALABAMA.

Program Service Accomplishments

Program 1

Expenses: $7,716,415 Revenue: $595,413

COMMODITY DISTRIBUTION OPERATION AS CENTRAL CLEARING HOUSE FOR SOLICITING AND COLLECTIN FOOD FROM SUPERMARKETS, MANUFACTURERS, WHOLESALERS, AND US DEPARTMENT OF AGRICULTURE. THE FOOD IS SORTED...

COMMODITY DISTRIBUTION OPERATION AS CENTRAL CLEARING HOUSE FOR SOLICITING AND COLLECTIN FOOD FROM SUPERMARKETS, MANUFACTURERS, WHOLESALERS, AND US DEPARTMENT OF AGRICULTURE. THE FOOD IS SORTED, STORED AND DISTRIBUTED TO QUALIFIED INDIVIDUAL AND NON-PROFIT ORGANIZATIONS.

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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 $7,904,491

Program Service Revenue $595,413

Investment Income $62,312

Other Revenue $0

TOTAL REVENUE $8,562,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $781,694

Fundraising Expenses $75,855

Program Expenses $7,716,415

Other Expenses $7,379,640

TOTAL EXPENSES $8,164,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,562,216	$9,734,130	-0.1%
Expenses	$8,164,525	$7,303,239	+0.1%
Net Income	$397,691	$2,430,891	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN RYKACZEWSKI	CEO	40.00	Highest	$148,029	$728	$148,757
LYNNE APRIL	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
MATT COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE DEE	DIRECTOR	1.00	Director	$0	$0	$0
NORMAN HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
DUSTI MONK	SECRETARY	1.00	Officer Director	$0	$0	$0
RUSS NEVIN	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY PHIFER	DIRECTOR	1.00	Director	$0	$0	$0
DR ROGERS SAYERS	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL SPEARING	DIRECTOR	1.00	Director	$0	$0	$0
DEIDRE STALNAKER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SWAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
FRED TWILLEY	DIRECTOR	1.00	Director	$0	$0	$0
LARRY WILKIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG WILLIAMS	VICE PRESIDE	1.00	Officer 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	No data	No data	No data	No data
2023	$8,562,216	$8,164,525	$9,530,505	$397,691
2022	$9,734,130	$7,303,239	$9,602,412	$2,430,891
2021	$9,122,608	$8,157,630	$6,185,841	$964,978
2021	$9,116,347	$8,210,580	$6,135,575	$905,767
2020	$9,048,574	$7,185,084	$4,611,673	$1,863,490
2019	$6,088,171	$5,967,594	$2,827,443	$120,577
2018	$5,780,201	$5,613,437	$2,435,467	$166,764