FOOD BANK OF EASTERN NEW MEXICO INC (EIN 850320784) - 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

1984

Legal Domicile

Principal Officer

DIANNA SPRAGUE

Phone

5757636130

Tax Period

2022-07-01 to 2023-06-30

FOOD BANK OF EASTERN NEW MEXICO INC, founded in 1984, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $3.3M in total revenue in fiscal year 2022. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 13% surplus.

Mission

PROVIDE FOOD TO AGENCIES SERVING NEEDY, ELDERLY, CHILDREN AND THOSE WHO ARE ILL.

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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 $1,826,172

Program Service Revenue $1,461,534

Investment Income $-21,237

Other Revenue $0

TOTAL REVENUE $3,266,469

Expense Breakdown

Grants Paid $2,359,028

Salaries & Benefits $271,573

Fundraising Expenses $26,623

Program Expenses $2,730,622

Other Expenses $227,305

TOTAL EXPENSES $2,857,906

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,266,469	$2,273,364	+0.4%
Expenses	$2,857,906	$2,414,931	+0.2%
Net Income	$408,563	$-141,567	-3.9%

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

150

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

$52,242

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY SHAFER	PRESIDENT	10.00	Officer Director	$0	$0	$0
SHERRY TURNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WAYNE BOYDSTUN	BOARD MEMBER	5.00	Director	$0	$0	$0
LYNN AUCUTT	SECRETARY	5.00	Officer Director	$0	$0	$0
TAMMIE RODRIGUEZ	BOARD MEMBER	5.00	Director	$0	$0	$0
JAN SALAZAR CHAIREZ	TREASURER	5.00	Officer Director	$0	$0	$0
TERESA NANCE	BOARD MEMBER	5.00	Director	$0	$0	$0
GLEN O'REAR	BOARD MEMBER	5.00	Director	$0	$0	$0
DIANA SPRAGUE	EXECUTIVE DIRECTOR	40.00	Officer	$52,242	$0	$52,242

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	$3,266,469	$2,857,906	$1,622,566	$408,563
2022	$2,273,364	$2,414,931	$1,160,502	$-141,567
2021	$3,580,389	$3,214,128	$1,304,197	$366,261
2020	$3,267,631	$3,176,504	$852,840	$91,127
2019	$2,350,729	$2,345,994	$679,960	$4,735

FOOD BANK OF EASTERN NEW MEXICO INC