GOOD EATS FOR LIFE LLC (EIN 843573217) - 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

2020

Legal Domicile

Principal Officer

Adam Rosante

Phone

9177477961

Tax Period

2022-08-01 to 2023-07-31

GOOD EATS FOR LIFE LLC, founded in 2020, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $240K in total revenue in fiscal year 2022. Revenue surged 239% from the prior year, signaling strong growth momentum. Expenses of $228K left a modest 5% surplus.

Mission

Alleviate food insecurity amongst elementary school children and promote healthy nutritional and lifestyle habits. Specifically, we distribute backpacks of shelf-stable, ready-to-eat food to elementary school children over the weekend period when they are out of school in cities such as, but not limited to, New York and Los Angeles. We purchase grocery items for distribution to disadvantaged parents of elementary school children served by the backpack program, and also provide nutritious restaurant meals to the schoolchildren, as a monthly community building activity. We identify communities of need and provide food to families with children in these areas.

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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 (2022)

Revenue Breakdown

Contributions & Grants $240,330

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $76,297

Program Expenses $151,787

Other Expenses $228,084

TOTAL EXPENSES $228,084

Year-over-Year Comparison

	2022	2021	Change
Revenue	$240,330	$70,909	+2.4%
Expenses	$228,084	$150,578	+0.5%
Net Income	$12,246	$-79,669	-1.2%

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

N/A

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
Bich Ngoc Thi Tran	Vice President & Treasurer	4	Officer Director	$0	$0	$0
Adam Rosante	President & CEO	4	Director	$0	$0	$0
Kate Rosante	Secretary	4	Officer	$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
2023	$240,330	$228,084	$387,213	$12,246
2022	$70,909	$150,578	$374,967	$-79,669

GOOD EATS FOR LIFE LLC