MILFORD FOOD BANK INC (EIN 863382997) - 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

2021

Legal Domicile

Phone

4192034030

Tax Period

2023-01-01 to 2023-12-31

MILFORD FOOD BANK INC, founded in 2021, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $582K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 20% operating margin.

Mission

FOOD BANK SERVING FOOD PANTRIES THROUGHOUT NORTHERN INDIANA

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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 $492,493

Program Service Revenue $0

Investment Income $0

Other Revenue $89,449

TOTAL REVENUE $581,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,265

Fundraising Expenses $69,997

Program Expenses $373,320

Other Expenses $406,386

TOTAL EXPENSES $466,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$581,942	$378,802	+0.5%
Expenses	$466,651	$333,997	+0.4%
Net Income	$115,291	$44,805	+1.6%

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

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
BRIAN SHEPHERD	Director	3.00	Director	$0	$0	$0
KEVIN MOORE	Director	1.00	Director	$0	$0	$0
RICHARD SCHLIPF	Director	2.00	Director	$0	$0	$0
PHIL PRICE	Director	2.00	Director	$0	$0	$0
JOSEPH SHELTER	President	2.00	Officer	$0	$0	$0
AUSTIN BEER	Treasurer	1.00	Officer	$0	$0	$0
DEAN LEHMAN	Vice President	5.00	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
2024	No data	No data	No data	No data
2023	$581,942	$466,651	$283,344	$115,291
2022	$378,802	$333,997	$167,187	$44,805
2021	$359,594	$238,265	$121,329	$121,329

MILFORD FOOD BANK INC