SOUTH PLAINS 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

1983

Legal Domicile

Phone

8067633003

Tax Period

2024-10-01 to 2025-09-30

SOUTH PLAINS FOOD BANK INC, founded in 1983, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $24.5M in total revenue in fiscal year 2024. Expenses of $22.1M left a modest 10% surplus.

Mission

The South Plains Food Bank, Inc. is a humanitarian resource responsible for securing, growing, processing, and distributing food to charitable organizations and persons in need. South Plains Food Bank, Inc. also strives to provide opportunities for persons to break out of the pov

Program Service Accomplishments

Program 1

Expenses: $20,354,906

Food Distribution: SPFB distributed 10.8 million pounds of food during the fiscal year. Through its network of 147 agencies in 19 counties, food is distributed through on-site programs, pantry...

Food Distribution: SPFB distributed 10.8 million pounds of food during the fiscal year. Through its network of 147 agencies in 19 counties, food is distributed through on-site programs, pantry programs, and voucher programs. Throughout the network, a total of 123,134 food boxes were distributed to families or individuals in need, including 22,935 distributed through the mobile pantry program which supports our rural communities and 42,618 food boxes through the Commodity Supplemental Food Program which provides supplemental food for senior citizens.

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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 $22,319,144

Program Service Revenue $538,609

Investment Income $530,608

Other Revenue $1,083,649

TOTAL REVENUE $24,472,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,271,205

Fundraising Expenses $813,547

Program Expenses $20,354,906

Other Expenses $18,818,033

TOTAL EXPENSES $22,089,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,472,010	$25,292,295	0.0%
Expenses	$22,089,238	$21,677,180	+0.0%
Net Income	$2,382,772	$3,615,115	-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

N/A

Volunteers

3584

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	Role	Reportable Comp	Other Comp	Total
JACK BECKER	BOARD MEMBER	Director	$0	$0	$0
BRETT BELL	BOARD MEMBER	Director	$0	$0	$0
BOB BELLAH	BOARD MEMBER	Director	$0	$0	$0
LOU ANN BERGSTEIN	BOARD MEMBER	Director	$0	$0	$0
CAL BRINTS	BOARD MEMBER	Director	$0	$0	$0
JESSICA CAROOM	BOARD MEMBER	Director	$0	$0	$0
DONNA CHANDLER	BOARD MEMBER	Director	$0	$0	$0
RICK COHEN	BOARD MEMBER	Director	$0	$0	$0
RUSSELL DABBS	BOARD MEMBER	Director	$0	$0	$0
ANNA DELANO	BOARD MEMBER	Director	$0	$0	$0
JUSTIN FLEMING	CHAIR ELECT	Director	$0	$0	$0
JESICKA GONZALES	BOARD MEMBER	Director	$0	$0	$0
SHELLEY HARP	SECRETARY	Director	$0	$0	$0
CHARLES KEY	BOARD MEMBER	Director	$0	$0	$0
MICHAEL MCCAULEY	BOARD MEMBER	Director	$0	$0	$0
GARY MCCOY	BOARD CHAIR	Director	$0	$0	$0
CHELE A MCVAY	BOARD MEMBER	Director	$0	$0	$0
ABIE RAMPY	BOARD MEMBER	Director	$0	$0	$0
MARGARET RANDLE	BOARD MEMBER	Director	$0	$0	$0
DAVID RHODES	BOARD MEMBER	Director	$0	$0	$0
EDDIE SHULTZ	TREAURER	Director	$0	$0	$0
LAURA SIDNER	BOARD MEMBER	Director	$0	$0	$0
BILL STUBBLEFIELD	BOARD MEMBER	Director	$0	$0	$0
GENIA TILLINGHAST	BOARD MEMBER	Director	$0	$0	$0
SKIPPER WOOD	BOARD MEMBER	Director	$0	$0	$0
EMIE YOUNG	BOARD MEMBER	Director	$0	$0	$0
DINA JEFFRIES	CEO	Highest	$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	$24,472,010	$22,089,238	$32,520,419	$2,382,772
2024	$25,292,295	$21,677,180	$30,323,115	$3,615,115
2023	$27,998,356	$26,485,674	$26,677,317	$1,512,682
2022	$10,980,898	$14,145,119	$25,009,235	$-3,164,221
2022	$20,514,484	$18,540,743	$28,298,795	$1,973,741
2021	$23,283,979	$19,228,704	$26,206,653	$4,055,275
2020	$18,672,936	$17,635,100	$22,077,680	$1,037,836
2019	$16,931,300	$16,777,329	$21,056,935	$153,971