Tarrant Area Food Bank (EIN 751822473) - 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

1981

Legal Domicile

Principal Officer

Brian Lochkos

Phone

8178577100

Tax Period

2024-10-01 to 2025-09-30

Tarrant Area Food Bank, founded in 1981, is a major nonprofit that reported $156.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TARRANT AREA FOOD BANK EMPOWERS COMMUNITIES TO ALLEVIATE HUNGER AND IMPROVE HEALTH.

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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 $153,237,218

Program Service Revenue $1,647,674

Investment Income $1,048,635

Other Revenue $64,577

TOTAL REVENUE $155,998,104

Expense Breakdown

Grants Paid $133,662,344

Salaries & Benefits $9,996,321

Fundraising Expenses $2,623,986

Program Expenses $144,884,275

Other Expenses $7,174,929

TOTAL EXPENSES $152,036,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,998,104	$134,957,229	+0.2%
Expenses	$152,036,966	$131,869,060	+0.2%
Net Income	$3,961,138	$3,088,169	+0.3%

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

153

Volunteers

16542

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

$1,031,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Butner	President & CEO	40.0	Officer	$434,559	$32,696	$467,255
Stephen Raeside	Chief External Affairs Officer	40.0	Officer	$198,162	$20,523	$218,685
Valentine Aguilar	Chief Operations Officer	40.0	Officer	$154,943	$18,828	$173,771
Erica Chilcutt	CFO Through 2/2025	40.0	Officer	$154,374	$17,813	$172,187
Jim Macphearson	VP of Development	40.0	Highest	$139,441	$15,702	$155,143
Jared Williams	VP, Advocacy and Communication	40.0	Highest	$122,356	$18,677	$141,033
Leticia Fraley	VP of Operations	40.0	Highest	$114,055	$13,703	$127,758
Vicky Martinez	VP, Comm Impact Through 7/2025	40.0	Highest	$105,831	$15,034	$120,865
Hettie Richardson	Board of Directors	1.0	Director	$0	$0	$0
Rachael Capua	Board of Directors	1.0	Director	$0	$0	$0
Lou Ann Richardson	Member-at-large	1.0	Officer Director	$0	$0	$0
Pat Smith	Board of Directors	1.0	Director	$0	$0	$0
Mercedes Bolen	Secretary	1.0	Officer Director	$0	$0	$0
Valerie Washington	Member-at-large	1.0	Director	$0	$0	$0
Ty Stimpson	Chair	1.0	Officer Director	$0	$0	$0
Karen Duncan	Past Chair	1.0	Officer Director	$0	$0	$0
Christy Lara	Chair-Elect	1.0	Officer Director	$0	$0	$0
Mark Jones	Treasurer	1.0	Officer Director	$0	$0	$0
Ashli Blumenfeld	Board of Directors	1.0	Director	$0	$0	$0
Judy Carter	Board of Directors	1.0	Director	$0	$0	$0
Tom Hungerford	Board of Directors	1.0	Director	$0	$0	$0
Frank Romero	Board of Directors	1.0	Director	$0	$0	$0
Elaine Suleski	Board of Directors	1.0	Director	$0	$0	$0
Saiyeda Ali	Board of Directors	1.0	Director	$0	$0	$0
Diana Gardner	Board of Directors	1.0	Director	$0	$0	$0
Karen Love	Board of Directors	1.0	Director	$0	$0	$0
Sean Madison	Board of Directors	1.0	Director	$0	$0	$0
Scott McConaghy	Board of Directors	1.0	Director	$0	$0	$0
Brian Lochkos	CFO From 04/2025	40.0	Officer	$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
2025	$155,998,104	$152,036,966	$83,002,252	$3,961,138
2024	$134,957,229	$131,869,060	$71,663,927	$3,088,169
2023	$127,212,441	$125,308,732	$63,019,132	$1,903,709
2022	$136,852,589	$125,423,782	$60,601,560	$11,428,807
2021	$143,106,183	$124,420,355	$50,743,185	$18,685,828
2020	$123,667,095	$112,206,956	$32,660,899	$11,460,139
2019	$82,110,523	$79,512,940	$19,488,262	$2,597,583
2018	$65,946,804	$64,970,604	$16,963,732	$976,200

Tarrant Area Food Bank