SMART BELLIES (EIN 831557278) - 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

2018

Legal Domicile

Principal Officer

MARCI AERENSON

Phone

9703682848

Tax Period

2023-01-01 to 2023-12-31

SMART BELLIES, founded in 2018, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $402K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $447K exceeded revenue, resulting in a 11% operating deficit.

Mission

FEEDING STUDENTS IN SUMMIT COUNTY, COLORADO. SMART BELLIES BACKPACK FOOD PROGRAM STRIVES TO ELIMINATE CHILDHOOD HUNGER ON THE WEEKENDS BY PROVIDING BACKPACKS FULL OF NUTRITIOUS FOOD, ALLOWING CHILDREN TO GET THE FULL BENEFIT OF THEIR EDUCATION AND DEVELOPMENT.

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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 $386,365

Program Service Revenue $0

Investment Income $11

Other Revenue $16,001

TOTAL REVENUE $402,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,736

Fundraising Expenses $3,957

Program Expenses $420,671

Other Expenses $325,058

TOTAL EXPENSES $446,794

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,377	$323,688	+0.2%
Expenses	$446,794	$307,346	+0.5%
Net Income	$-44,417	$16,342	-3.7%

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

300

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

$70,384

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH SCHMIDT	CO-FOUNDER &	30.00	Officer	$35,192	$0	$35,192
MARGARET SHEEHE	CO-FOUNDER &	30.00	Officer	$35,192	$0	$35,192
MARCI AERENSON	EXECUTIVE CH	10.00	Officer Director	$0	$0	$0
MIKE BOGEN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CONSUELO REDHORSE	FINANCE CHAI	5.00	Officer Director	$0	$0	$0
KENDRA CARPENTER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNY STAFFORD	BOARD MEMBER	3.00	Director	$0	$0	$0
MATT MICHALSKI	BOARD MEMBER	3.00	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
2024	No data	No data	No data	No data
2023	$402,377	$446,794	$149,731	$-44,417
2022	$323,688	$307,346	$193,779	$16,342
2021	$243,032	$210,651	$176,604	$32,381
2020	$233,657	$91,794	$144,223	$141,863

SMART BELLIES