BEACH FOOD PANTRY INC (EIN 651221385) - 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

1992

Legal Domicile

Principal Officer

RICHARD B MIZELLE JR

Phone

2522612756

Tax Period

2023-01-01 to 2023-12-31

BEACH FOOD PANTRY INC, founded in 1992, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $872K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE BEACH FOOD PANTRY'S MISSION IS "OUR MISSION: FUELING HOPE. ENDING HUNGER". THE BEACH FOOD PANTRY PARTNERS WITH OUR DONORS AND COMMUNITY TO PROVIDE ACCESS TO NUTRITIONAL FOOD, ENSURING THAT NO ONE WORRIES ABOUT WHERE THEIR NEXT MEAL WILL COME FROM.

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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 $884,765

Program Service Revenue $0

Investment Income $4,406

Other Revenue $-17,258

TOTAL REVENUE $871,913

Expense Breakdown

Grants Paid $791,447

Salaries & Benefits $139,889

Fundraising Expenses $27,829

Program Expenses $994,640

Other Expenses $132,709

TOTAL EXPENSES $1,064,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$871,913	$867,465	+0.0%
Expenses	$1,064,045	$755,591	+0.4%
Net Income	$-192,132	$111,874	-2.7%

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
JOHN BENSON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIANA BRYANT	DIRECTOR	2.00	Director	$0	$0	$0
BRENDA DAVIS-WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
MICHELE GODSEY	VICE-PRESIDE	4.00	Officer Director	$0	$0	$0
DEVEREUX GRINDLE	AT-LARGE EXE	4.00	Director	$0	$0	$0
KIM JAMES	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD B MIZELLE JR	TREASURER	4.00	Officer Director	$0	$0	$0
MATT MELVIN	DIRECTOR	2.00	Director	$0	$0	$0
DR ADRIENNE PALMA	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT PALOMBO	PRESIDENT	4.00	Officer Director	$0	$0	$0
AMY SMITH	SECRETARY	4.00	Director	$0	$0	$0
DAVID THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN WINDLEY	DIRECTOR	2.00	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	$871,913	$1,064,045	$1,197,514	$-192,132
2022	$867,465	$755,591	$1,388,070	$111,874
2021	$946,661	$831,036	$1,276,395	$115,625
2020	$1,264,754	$836,131	$1,170,971	$428,623
2019	$759,062	$706,410	$745,757	$52,652
2018	$610,649	$580,353	$696,086	$30,296

BEACH FOOD PANTRY INC