ABOUND FOOD CARE (EIN 872110835) - 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

Principal Officer

MIKE LEARAKOS

Phone

7143483292

Tax Period

2023-01-01 to 2023-12-31

ABOUND FOOD CARE is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum.

Mission

Abound Food Care, a registered 501(C)3 corporation, is focused on building a national movement bringing together nonprofit, public, and private partners to eliminate food waste and food insecurity. We believe in the beauty and value of food and that Food Care is the answer for feeding all of America, while protecting our environment and building healthier communities.

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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 $3,402,081

Program Service Revenue $0

Investment Income $25,841

Other Revenue $0

TOTAL REVENUE $3,427,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $936,810

Fundraising Expenses $0

Program Expenses $2,209,581

Other Expenses $2,766,596

TOTAL EXPENSES $3,703,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,427,922	$1,669,093	+1.1%
Expenses	$3,703,406	$1,701,896	+1.2%
Net Income	$-275,484	$-32,803	+7.4%

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

N/A

Employees

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

$135,689

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE LEARAKOS	CEO	40.00	Director	$135,689	$0	$135,689
FRANK HATHAWAY	Past Chair	2.00	Director	$0	$0	$0
JOE BONAFEDE	Treasurer	2.00	Director	$0	$0	$0
BRYAN ALLRED	Chairman	2.00	Officer	$0	$0	$0
ANDREW WOOD	Secretary	0.00	Officer	$0	$0	$0
DENNIS KUHL	VICE CHAIR	2.00	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	$3,427,922	$3,703,406	$1,661,427	$-275,484
2022	$1,669,093	$1,701,896	$2,477,457	$-32,803

ABOUND FOOD CARE