WICHITA FALLS AREA FOOD BANK

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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

1982

Legal Domicile

Principal Officer

DAVID O'NEIL

Phone

9407662322

Tax Period

2024-01-01 to 2024-12-31

WICHITA FALLS AREA FOOD BANK, founded in 1982, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $10.0M in total revenue in fiscal year 2024. Expenses of $11.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

"STRENGTHENING COMMUNITIES TO FIGHT HUNGER WITH FOOD, EDUCATION, AND ADVOCACY"

Program Service Accomplishments

Program 1

Expenses: $10,126,901 Revenue: $18,017

THE ORGANIZATION SERVED 12 COUNTIES IN NORTH TEXAS AND DISTRIBUTED 5,113,796 POUNDS OF FOOD THROUGH OVER 180 PROGRAMS ADDRESSING HUNGER. THIS IS ACCOMPLISHED BY INTERNAL PROGRAMS AND A NETWORK OF...

THE ORGANIZATION SERVED 12 COUNTIES IN NORTH TEXAS AND DISTRIBUTED 5,113,796 POUNDS OF FOOD THROUGH OVER 180 PROGRAMS ADDRESSING HUNGER. THIS IS ACCOMPLISHED BY INTERNAL PROGRAMS AND A NETWORK OF OVER 90 COMMUNITY PARTNERS. ADDITIONAL STATISTICS: I. 1,302,039 POUNDS OF FOOD-INDUSTRY DONATIONS II. 1,006,153 POUNDS OF PRODUCE DISTRIBUTED III. 81,017 KIDS' CAFE MEALS SERVED IV. 56,087 POWERPAKS4KIDS BAGS DISTRIBUTED V. 1,095 HEALTH SCREENINGS PROVIDED BY UNITED REGIONAL HOSPITAL VI. 133 NUTRITION EDUCATION CLASSES AND EVENTS TAUGHT VII. 684 NEIGHBORS ASSISTED WITH SOCIAL SERVICES VIII. 11,721 HOURS OF VOLUNTEER TIME DONATED

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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 $9,693,410

Program Service Revenue $17,125

Investment Income $257,581

Other Revenue $10,674

TOTAL REVENUE $9,978,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,475,350

Fundraising Expenses $222,856

Program Expenses $10,126,901

Other Expenses $9,525,194

TOTAL EXPENSES $11,081,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,978,790	$10,416,411	0.0%
Expenses	$11,081,965	$9,926,223	+0.1%
Net Income	$-1,103,175	$490,188	-3.3%

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

2667

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

$90,028

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HORGEN	CHAIRMAN	1.17	Officer Director	$0	$0	$0
CHELSEA CARLTON	1ST VICE CHAIR	0.60	Officer Director	$0	$0	$0
ILIANA JARAMILLO	2ND VICE CHAIR	0.19	Officer Director	$0	$0	$0
HEATHER SMITH	TREASURER	1.23	Officer Director	$0	$0	$0
CHERYL HOPKINS	SECRETARY	0.13	Officer Director	$0	$0	$0
AMANDA CULLEY	DIRECTOR	0.25	Director	$0	$0	$0
PAT JONES	DIRECTOR	0.66	Director	$0	$0	$0
MICHELLE NELSON	DIRECTOR	0.25	Director	$0	$0	$0
STEPHEN SANTELLANA	DIRECTOR	0.03	Director	$0	$0	$0
DEVAH SCHOLL	PAST-CHAIRMAN	0.19	Director	$0	$0	$0
KELLY SMITH	DIRECTOR	1.85	Director	$0	$0	$0
CRYSTAL TATE	DIRECTOR	2.09	Director	$0	$0	$0
DAVID O'NEIL	CHIEF EXECUTIVE OFFICER	50.00	Officer	$90,028	$0	$90,028

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	$9,978,790	$11,081,965	$9,444,381	$-1,103,175
2023	$10,416,411	$9,926,223	$10,464,619	$490,188
2022	$9,419,439	$8,972,695	$9,931,306	$446,744
2021	$9,862,172	$8,732,886	$9,498,885	$1,129,286
2020	$13,297,718	$8,042,644	$8,494,310	$5,255,074
2019	$6,748,041	$6,757,161	$3,033,234	$-9,120
2018	$6,608,887	$6,602,702	$3,014,235	$6,185