SOKY FOOD BANK INC

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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

FRANCIS MICHAEL SWEENEY II

Phone

2693485707

Tax Period

2023-01-01 to 2023-12-31

SOKY FOOD BANK INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 440% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 68% operating margin.

Mission

THE PURPOSE OF SOKY FOOD BANK, INC. IS TO PROVIDE FOOD AND RESOURCES FOR PEOPLE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $1,468,021 Revenue: $4,616,806

THE PURPOSE OF SOKY FOOD BANK, INC. IS TO PROVIDE FOOD AND RESOURCES FOR PEOPLE IN NEED.

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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 $4,616,216

Program Service Revenue $590

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,616,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,468,021

Other Expenses $1,474,062

TOTAL EXPENSES $1,474,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,616,806	$854,705	+4.4%
Expenses	$1,474,062	$375,383	+2.9%
Net Income	$3,142,744	$479,322	+5.6%

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

N/A

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
FRANCIS MICHAEL SWEENEY II	PRESIDENT	N/A	Officer Director	$0	$0	$0
FREDDY CLARK	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KAREN SWEENEY	SECRETARY	N/A	Officer Director	$0	$0	$0
ABRAHAM CLARK	DIRECTOR	N/A	Director	$0	$0	$0
JOSHUA JONES	DIRECTOR	N/A	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	$4,616,806	$1,474,062	$4,524,594	$3,142,744
2022	$854,705	$375,383	$1,381,849	$479,322
2021	$330,000	$193,874	$906,565	$136,126
2020	$427,665	$61,919	$365,746	$365,746