SOUTHEAST REGIONAL COOPERATIVE INC (EIN 822707649) - 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

2017

Legal Domicile

Principal Officer

CHRIS FLINT

Phone

4047215810

Tax Period

2023-01-01 to 2023-12-31

SOUTHEAST REGIONAL COOPERATIVE INC, founded in 2017, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $15.5M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

A TYPE I SUPPORTING ORGANIZATION OF FEEDING AMERICA FOOD BANKS IN THE SOUTHEASTERN UNITED STATES.

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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 $1,406,747

Program Service Revenue $5,467,566

Investment Income $0

Other Revenue $8,634,488

TOTAL REVENUE $15,508,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $558,242

Fundraising Expenses $11,165

Program Expenses $15,033,785

Other Expenses $14,725,870

TOTAL EXPENSES $15,284,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,508,801	$10,943,085	+0.4%
Expenses	$15,284,112	$9,915,537	+0.5%
Net Income	$224,689	$1,027,548	-0.8%

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

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

$140,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE WAIDE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JOSHUA MATTHEWS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN SAFLEY	CHAIR	2.00	Director	$0	$0	$0
DR CHARLES BEADY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET GRANT	SECRETARY & TREASURER	2.00	Director	$0	$0	$0
BRAD BORNAC	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY MCCOLLUM	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY STAPLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA EUBANKS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE DARROW	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS FLINT	EXECUTIVE DIRECTOR	40.00	Officer	$134,413	$6,099	$140,512

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	$15,508,801	$15,284,112	$2,082,379	$224,689
2022	$10,943,085	$9,915,537	$1,861,260	$1,027,548
2021	$3,598,655	$4,012,977	$669,644	$-414,322
2020	$894,291	$536,415	$592,974	$357,876
2019	$617,958	$618,033	$233,434	$-75
2018	$862,000	$700,617	$179,824	$161,383

SOUTHEAST REGIONAL COOPERATIVE INC