KINGS STOREHOUSE 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

1985

Legal Domicile

Principal Officer

LYNNE BREEDLOVE SPERRY

Phone

9035955097

Tax Period

2023-01-01 to 2023-12-31

KINGS STOREHOUSE FOOD BANK INC, founded in 1985, is a small nonprofit that reported $473K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $534K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE A CENTRAL LOCATION TO DISTRIBUTE FOOD TO OTHER NON-PROFIT ORGANIZATIONS SO THAT THEY MAY IN TURN DISTRIBUTE TO THE NEEDY.

Program Service Accomplishments

Program 1

Expenses: $484,665 Revenue: $376,444

WE DISTRIBUTE FOOD TO CHURCH MINISTRY PANTRIES AND SIMILAR STYLE NONPROFITS. WE HAVE REACHED APPROXIMATELY 140,000 INDIVIDUALS AND APPROXIMATELY 60,000 FAMILIES IN 2023, WITH 28 ACTIVE MINISTRIES AS PARTNERS. WE HAVE DISTRIBUTED APPROXIMATELY 271,000 POUNDS OF FOOD. WE HOLD AN ANNUAL CHRISTMAS BAG HAND-OUT AND STOCKINGS OF HOPE THAT IMPACTS UP TO 600 FAMILIES IN OUR COMMUNITY. WE ARE ALSO INVOLVED IN PROGRAMS THROUGH TYLER ISD THAT HELP SPECIAL NEEDS STUDENTS GET REAL WORLD EXPERIENCE ON THE JOB. WE CURRENTLY HAVE 8 - 12 NINTH AND TENTH GRADE STUDENTS FROM TYLER LEGACY HIGH SCHOOL THAT ARE PART OF A TRANSITION CLASS THAT TEACH JOB SKILLS.

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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 $96,162

Program Service Revenue $376,444

Investment Income $245

Other Revenue $0

TOTAL REVENUE $472,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,636

Fundraising Expenses $0

Program Expenses $484,665

Other Expenses $372,359

TOTAL EXPENSES $533,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,851	$408,712	+0.2%
Expenses	$533,995	$390,432	+0.4%
Net Income	$-61,144	$18,280	-4.3%

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

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
LYNNE BREEDLOVE SPERRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRYAN CAMPBELL	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
RITA BREEDLOVE	SECRETARY	1.00	Officer Director	$0	$0	$0
AMANDA ZORBANOS	TREASURER	1.00	Officer Director	$0	$0	$0
ALLEN BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SPERRY	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN ATKINSON	DIRECTOR	1.00	Director	$0	$0	$0
TERRY BLACKWELL	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$472,851	$533,995	$208,622	$-61,144
2022	$408,712	$390,432	$273,343	$18,280
2021	$402,381	$416,946	$262,498	$-14,565
2020	$551,261	$517,271	$279,188	$33,990
2019	$433,279	$441,766	$250,588	$-8,487
2018	$377,037	$383,894	$267,913	$-6,857