THE GOOD FOOD INSTITUTE INC (EIN 810840578) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

ILYA SHEYMAN

Phone

2025962262

Tax Period

2023-01-01 to 2023-12-31

THE GOOD FOOD INSTITUTE INC, founded in 2015, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $8.4M in total revenue in fiscal year 2018. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 31% operating margin.

Mission

WE ARE DEVELOPING THE ROADMAP FOR A SUSTAINABLE, SECURE, AND JUST PROTEIN SUPPLY. WE IDENTIFY THE MOST EFFECTIVE SOLUTIONS, MOBILIZE RESOURCES AND TALENT, AND EMPOWER PARTNERS ACROSS THE FOOD SYSTEM TO MAKE ALTERNATIVE PROTEINS ACCESSIBLE, AFFORDABLE, AND DELICIOUS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $41,583,843

Program Service Revenue $751,930

Investment Income $1,057,850

Other Revenue $237,743

TOTAL REVENUE $43,631,366

Expense Breakdown

Grants Paid $5,328,120

Salaries & Benefits $16,021,222

Fundraising Expenses $2,526,682

Program Expenses $24,019,670

Other Expenses $9,688,032

TOTAL EXPENSES $31,037,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,631,366	$15,833,279	+1.8%
Expenses	$31,037,374	$22,760,706	+0.4%
Net Income	$12,593,992	$-6,927,427	-2.8%

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

120

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

$643,530

Total Directors

$223,557

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE FRIEDRICH	PRESIDENT AND FOUNDER	40.00	Officer Director	$207,125	$16,432	$223,557
VANDHANA BALASUBRAMANIAN	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN FRESTON	DIRECTOR	2.00	Director	$0	$0	$0
CAMERON ICARD	CHAIR	3.00	Officer Director	$0	$0	$0
NABIHA BASATHIA	DIRECTOR	2.00	Director	$0	$0	$0
JOAN GASS	DIRECTOR	2.00	Director	$0	$0	$0
ANAND GOPAL	DIRECTOR	2.00	Director	$0	$0	$0
SARAH DAVID	GEN. COUNSEL, SECRETARY, TREASURER	40.00	Officer	$183,906	$17,511	$201,417
ILYA SHEYMAN	CEO	40.00	Officer	$200,215	$18,341	$218,556
JESSICA ALMY	SVP - POLICY AND GOVERNMENT RELATIONS	40.00	Highest	$182,346	$32,074	$214,420
SUSAN MCCAUSLAND-HALTEMAN	SVP - DEVELOPMENT	40.00	Highest	$184,090	$15,521	$199,611
ELIZABETH SPECHT	SVP - SCIENCE AND TECHNOLOGY	40.00	Highest	$190,988	$15,791	$206,779
CAROLINE BUSHNELL	SVP - CORPORATE ENGAGEMENT	40.00	Highest	$175,411	$17,199	$192,610
SHEILA VOSS	SVP - COMMUNICATIONS	40.00	Highest	$178,598	$23,185	$201,783

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	$43,631,366	$31,037,374	$65,245,715	$12,593,992
2022	$15,833,279	$22,760,706	$50,506,658	$-6,927,427
2021	$43,468,835	$17,034,589	$59,697,609	$26,434,246
2020	$18,923,594	$13,273,604	$29,918,594	$5,649,990
2019	$21,598,428	$8,894,304	$23,937,460	$12,704,124
2018	$8,359,313	$5,802,323	$11,295,496	$2,556,990

THE GOOD FOOD INSTITUTE INC