WELLFLEET FOOD PANTRY

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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

SANDRA GALVIN

Phone

5083493036

Tax Period

2024-01-01 to 2024-12-31

WELLFLEET FOOD PANTRY, founded in 2020, is a small nonprofit in the Education sector that reported $414K in total revenue in fiscal year 2024. Revenue surged 320% from the prior year, signaling strong growth momentum. The organization ran a surplus of $357K, a strong 86% operating margin.

Mission

TO ADDRESS FOOD INSECURITY AND PROVIDE FOOD TO MEMBERS OF THE COMMUNITY IN NEED, AND ALL ANCILLARY MATTERS RELATED THERETO.

Program Service Accomplishments

Program 1

Expenses: $47,478 Revenue: $413,803

PROVIDE FOOD AND GROCERIES TO NEEDY FAMILIES IN THE COMMUNITY, HELPING THEM THROUGH LEAN TIMES AND FREEING UP FUNDS FOR OTHER NEEDS AND EXPENSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $400,254

Program Service Revenue $0

Investment Income $13,549

Other Revenue $0

TOTAL REVENUE $413,803

Expense Breakdown

Grants Paid $27,054

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,478

Other Expenses $29,750

TOTAL EXPENSES $56,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,803	$98,518	+3.2%
Expenses	$56,804	$48,207	+0.2%
Net Income	$356,999	$50,311	+6.1%

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
SANDRA GALVIN	PRESIDENT/DIRECTOR	10.00	Officer Director	$0	$0	$0
MARCIA SEXTON	TREASURER/DIRECTOR	10.00	Officer Director	$0	$0	$0
RONALD SPINKS	TREASURER	5.00	Officer	$0	$0	$0
LAURIE SMITH-WEISBURG	CLERK/SECRETARY	5.00	Officer	$0	$0	$0
ERIK SPENCER	VICE PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
CINDY BATCHELDER	DIRECTOR	10.00	Director	$0	$0	$0
CONSTANCE L WITHAM	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT W SWEETMAN	DIRECTOR	2.00	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	$413,803	$56,804	$624,657	$356,999