WESTERN UPPER PENINSULA FOOD BANK INC (EIN 870723404) - 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

2003

Legal Domicile

Principal Officer

JEAN M LABERGE

Phone

9064825528

Tax Period

2023-01-01 to 2023-12-31

WESTERN UPPER PENINSULA FOOD BANK INC, founded in 2003, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $159K in total revenue in fiscal year 2023. Expenses of $175K exceeded revenue, resulting in a 11% operating deficit.

Mission

DISTRIBUTION OF FOOD TO THE NEEDY AND ELDERLY

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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 $82,795

Program Service Revenue $66,839

Investment Income $9,120

Other Revenue $0

TOTAL REVENUE $158,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,419

Other Expenses $175,472

TOTAL EXPENSES $175,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,754	$162,514	0.0%
Expenses	$175,472	$190,510	-0.1%
Net Income	$-16,718	$-27,996	-0.4%

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

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

$132,806

Total Directors

$132,806

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM T LANGSTON	PRESIDENT	0.06	Officer Director	$0	$0	$0
JERRY JACKOVAC	V. PRESIDENT	0.06	Officer Director	$0	$0	$40,800
JEAN M LABERGE	TREASURER	0.06	Officer Director	$0	$0	$92,006
JAMES SHULTZ	SECRETARY	0.06	Officer Director	$0	$0	$0
REID RASTELLO	DIRECTOR	0.06	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	$158,754	$175,472	$764,099	$-16,718
2022	$162,514	$190,510	$776,881	$-27,996
2021	$182,968	$206,955	$805,318	$-23,987
2020	$328,497	$194,268	$828,390	$134,229
2019	$171,816	$223,135	$726,876	$-51,319
2018	$172,787	$188,585	$744,738	$-15,798

WESTERN UPPER PENINSULA FOOD BANK INC