TREASURE COAST 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

1989

Legal Domicile

Principal Officer

JUDITH CRUZ

Phone

7724893034

Tax Period

2024-07-01 to 2025-06-30

TREASURE COAST FOOD BANK INC, founded in 1989, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $69.8M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $60.4M left a modest 13% surplus.

Mission

ALLEVIATE HUNGER BY COLLECTION & DISTRIBUTION OF DONATED FOOD & OTHER ESSENTIALS IN INDIAN RIVER, MARTIN, OKEECHOBEE & ST. LUCIE COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $33,653,503 Revenue: $3,590,065

GENERAL FOOD /PRODUCT DISTRIBUTION: DIRECT SERVICES TO HELP CHILDREN, SENIORS, VETERANS, PETS, AND FAMILIES IN NEED. COLLECTION, WAREHOUSING AND DISTRIBUTION OF PRODUCT FROM LOCAL AND NATIONAL FOOD INDUSTRY DONORS, COMMUNITY FOOD DRIVES, AND PURCHASES TO NON-PROFIT AGENCIES WITH FEEDING AND/OR FOOD DISTRIBUTION PROGRAMS. ALL FOOD AND OTHER ESSENTIALS ARE PROVIDED TO PEOPLE AT NO COST.

Program 2

Expenses: $24,797,318 Revenue: $2,645,311

BENEFITS OUTREACH AND CLIENT SERVICES/CASE MANAGEMENT PROGRAM: A CLIENT INVTERVENTON PROGRAM THAT CONNECTS LOW-INCOME FAMILES WITH VITAL SERVICES TO HELP INCREASE THEIR HOUSEHOLD RESOURCES AND...

BENEFITS OUTREACH AND CLIENT SERVICES/CASE MANAGEMENT PROGRAM: A CLIENT INVTERVENTON PROGRAM THAT CONNECTS LOW-INCOME FAMILES WITH VITAL SERVICES TO HELP INCREASE THEIR HOUSEHOLD RESOURCES AND STABILIZE FINANCIAL VOLATILITY, NUTRITION, HEALTH AND WELLNESS EDUCATES FAMILES ON LOW COST HEALTHY FOOD CHOICES, EDUCATIONAL SEMINARS AND SESSIONS EMPOWER PEOPLE TO IMPROVE OVERALL HEALTH, LIFESTYLE AND WELLBEING.

Program 3

Expenses: $590,412 Revenue: $62,984

FOOD PRODUCTION KITCHEN PROGRAM: THE PROGRAM PROVIDES A 12-WEEK FOOD SERVICE TRAINING PROGRAM FOCUSED ON TECHNICAL, LIFE, AND EMPLOYMENT SKILLS IN THE FOOD SERVICE INDUSTRY. THE PROGRAM ALSO PROVIDES HOT MEALS FOR CHILDREN IN AFTER SCHOOL PROGRAMS, READY TO EAT PREPARED MEALS, SUMMER MEAL PROGRAM PROVIDES BREAKFAST, LUNCH AND SNACKS TO CHILDREN.

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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 $63,495,124

Program Service Revenue $6,169,257

Investment Income $70,074

Other Revenue $59,029

TOTAL REVENUE $69,793,484

Expense Breakdown

Grants Paid $45,581,628

Salaries & Benefits $3,946,486

Fundraising Expenses $420,064

Program Expenses $59,041,233

Other Expenses $10,905,176

TOTAL EXPENSES $60,433,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,793,484	$58,393,171	+0.2%
Expenses	$60,433,290	$56,034,718	+0.1%
Net Income	$9,360,194	$2,358,453	+3.0%

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

13209

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

$201,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCH HALL	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
PETER J TESCH	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
MARK SATTERLEE	SECRETARY	3.00	Officer Director	$0	$0	$0
CHRISTINE KELLY-BEGAZO	TREASURER	3.00	Officer Director	$0	$0	$0
JUAN AWAD	DIRECTOR	3.00	Director	$0	$0	$0
MAJOR PETRI HAYES	DIRECTOR	3.00	Director	$0	$0	$0
DR RAJA TALATI	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD TAMBONE	DIRECTOR	3.00	Director	$0	$0	$0
LOGAN WELLMEIER	DIRECTOR	3.00	Director	$0	$0	$0
KARL ZIMMERMAN	DIRECTOR	3.00	Director	$0	$0	$0
JUDITH CRUZ	CEO/PRESIDENT	50.00	Officer	$190,886	$10,613	$201,499

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	$69,793,484	$60,433,290	$48,195,133	$9,360,194
2024	$58,393,171	$56,034,718	$20,208,875	$2,358,453
2023	$38,083,409	$36,184,703	$16,865,704	$1,898,706
2022	$36,277,666	$36,334,111	$14,946,349	$-56,445
2021	$44,976,731	$42,469,445	$14,786,181	$2,507,286
2020	$35,158,949	$31,998,278	$12,828,600	$3,160,671
2019	$23,098,391	$22,246,984	$9,251,298	$851,407