COMMUNITY FOOD BANK OF CITRUS COUN… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

BARBARA SPRAGUE

Phone

3526283663

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOOD BANK OF CITRUS COUNTY INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

OUR MISSION IS TO BE THE DRIVING FORCE TO PROMOTE AWARENESS, INSPIRE INVOLVEMENT AND END HUNGER. WITH THE SUPPORT OF OUR COMMUNITY WE DISTRIBUTE OVER 4 MILLION MEALS AND SUPPLIES TO RESIDENTS OF CITRUS, HERNANDO, AND SUMTER COUNTIES EACH YEAR. WE ATTACH THE PILLARS OF POVERTY AND WORK TO NOURISH THE PATH TO PROSPERITY FOR EVERYONE SO THAT NO ONE GOES HUNGRY.

Program Service Accomplishments

Program 1

Expenses: $1,121,707 Revenue: $127,681

IN 2023 WE DISTRIBUTED 4,342,644 POUNDS OF FOOD AND CRITICAL SUPPLIES TO RESIDENTS IN CITRUS, SUMTER, AND HERNANDO COUNTIES. RENOVATIONS WERE COMPLETED ON OUR ENDING HUNGER CAMPUS WAREHOUSES AND WE SET TO WORK ON MEETING THE ELEVATED NEEDS OF RESIDENTS IMPACTED BY HURRICANE IDALIA IN ADDITION TO OUR POVERTY LEVEL, HOMELESS AND ALICE POPULATION CLIENTS. WITH SUPPORT FROM THE BLACK DIAMOND FOUNDATION, CITRUS COUNTY HOSPITAL BOARD, US FAMILY FOUNDATION, PUBLIX CHARITIES AND INDIVIDUAL DONORS, WE BEGAN TO INCREASE THE NUTRITIONAL LEVELS OF OUR FOOD RELIEF WITH MORE FRESH PRODUCE, LEAN PROTEINS, AND WHOLE GRAINS TO POSITIVELY IMPACT THE HEALTH OF ALL RESIDENTS BOTH DURING CRISES AND IN LONG-TERM RECOVERY. SUPPORTING OUR OLDER CLIENTS AND CHILDREN WITH NUTRIENT-RICH FOODS WILL CONTINUE TO BE A PRIORITY WE INTRODUCE TO ALL EMERGENT RESPONSE GOING FORWARD. WE CONTINUE TO SUPPORT OUR 60+ AMAZING PANTRY PARTNERS IN THEIR DISTRIBUTIONS AND WRAP-AROUND SERVICES THAT PROVIDE A HOLISTIC APPROACH TO SOLVING POVERTY AS WELL AS WORK TO CREATE ACCESSIBLE HUBS OF RESOURCES AND REMOVE THE BARRIERS TO SELF-SUFFICIENCY FOR OUR RESIDENTS IN NEED.

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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 $775,402

Program Service Revenue $549,502

Investment Income $1,983

Other Revenue $-50,076

TOTAL REVENUE $1,276,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $404,711

Fundraising Expenses $6,963

Program Expenses $1,121,707

Other Expenses $939,394

TOTAL EXPENSES $1,344,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,276,811	$1,556,598	-0.2%
Expenses	$1,344,105	$1,446,068	-0.1%
Net Income	$-67,294	$110,530	-1.6%

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE PONTICOS	PRESIDENT	10.00	Officer	$0	$0	$0
CYNTHIA LOPELL	VICE-PRESIDE	3.00	Officer	$0	$0	$0
MIKE ORLITO	IMMEDIATE PA	3.00	Officer	$0	$0	$0
ED GRUBER	SECRETARY	0.69	Officer	$0	$0	$0
FOSTER LAMM	TREASURER	3.00	Officer	$0	$0	$0
STEVE HILSDON	DIRECTOR	0.38	Director	$0	$0	$0
MAGGIE MOORE	DIRECTOR	0.38	Director	$0	$0	$0
JOHN MARMISH	DIRECTOR	0.38	Director	$0	$0	$0
JOHN MITTEN	DIRECTOR	0.38	Director	$0	$0	$0
RANE HERZEK	DIRECTOR	0.38	Director	$0	$0	$0
BARBARA SPRAGUE	EXECUTIVE DI	40.00	Officer	$90,000	$0	$90,000

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	$1,276,811	$1,344,105	$1,628,630	$-67,294
2022	$1,556,598	$1,446,068	$1,737,386	$110,530
2021	$1,316,457	$1,180,904	$1,333,906	$135,553
2021	$1,316,457	$1,180,904	$1,333,906	$135,553
2020	$1,292,229	$991,387	$1,256,686	$300,842
2019	$884,750	$873,253	$846,523	$11,497
2018	$958,333	$871,520	$861,133	$86,813

COMMUNITY FOOD BANK OF CITRUS COUNTY INC