THE FOOD DEPOT (EIN 850416803) - 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

1993

Legal Domicile

Principal Officer

JANET CLOW

Phone

5054711633

Tax Period

2023-07-01 to 2024-06-30

THE FOOD DEPOT, founded in 1993, is a mid-sized nonprofit in the Human Services sector that reported $22.4M in total revenue in fiscal year 2023. The organization ran a surplus of $3.4M, a strong 15% operating margin.

Mission

THE FOOD DEPOT STRIVES TO END HUNGER IN NORTHERN NEW MEXICO. THE FOOD DEPOT COLLECTS FOOD FROM NATIONAL, STATE AND LOCAL SOURCES AND PROVIDES THESE DONATIONS TO HUNGRY NEW MEXICANS THROUGH MORE THAN 76 PARTNER AGENCIES IN NINE COUNTIES.

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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 $21,730,714

Program Service Revenue $184,914

Investment Income $388,274

Other Revenue $112,236

TOTAL REVENUE $22,416,138

Expense Breakdown

Grants Paid $17,112

Salaries & Benefits $3,258,450

Fundraising Expenses $768,047

Program Expenses $17,289,952

Other Expenses $15,587,975

TOTAL EXPENSES $19,010,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,416,138	$22,918,593	0.0%
Expenses	$19,010,143	$22,292,761	-0.1%
Net Income	$3,405,995	$625,832	+4.4%

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

876

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

$191,267

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEN RAND	PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS JENSEN	VICE-PRESDEN	2.00	Officer Director	$0	$0	$0
CAITLIN SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
JANET CLOW	TREASURER	2.00	Officer Director	$0	$0	$0
BILL SVEUM	AT-LARGE OFF	2.00	Officer Director	$0	$0	$0
DAVID BARTON	DIRECTOR	1.00	Director	$0	$0	$0
NOAH BERKE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BUNTON	DIRECTOR	1.00	Director	$0	$0	$0
RUBINA COHEN	DIRECTOR	1.00	Director	$0	$0	$0
V BRIAN D'ANDREA	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET DIXSON	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA MITIKO HIGASKINO-GREEN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA HOUSER	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RISSER	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
BRET SMOKER	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH TROUW	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TRUJILLO	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA VIGIL	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY HOOPER	EXECUTIVE DI	40.00	Officer	$167,933	$23,334	$191,267
JILL DIXON	DEPUTY DIREC	40.00	Highest	$120,390	$13,967	$134,357
SALVADOR SANDOVAL	IT MANAGER	40.00	Highest	$116,328	$15,907	$132,235
SCOTT ALEXANDER	WAREHOUSE MA	40.00	Highest	$110,809	$20,486	$131,295

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
2025	No data	No data	No data	No data
2024	$22,416,138	$19,010,143	$19,452,618	$3,405,995
2023	$22,918,593	$22,292,761	$15,470,046	$625,832
2022	$22,167,327	$21,522,818	$14,520,817	$644,509
2021	$25,345,774	$22,409,231	$14,271,195	$2,936,543
2020	$20,103,627	$17,070,664	$11,438,475	$3,032,963
2019	$15,615,103	$15,188,667	$8,010,592	$426,436

THE FOOD DEPOT