SUNSHINE FOOD PANTRY AND RESOURCE … - Form 990 Financial Data

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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

2022

Legal Domicile

Principal Officer

FAYE GAINES

Phone

2092002628

Tax Period

2023-01-01 to 2023-12-31

SUNSHINE FOOD PANTRY AND RESOURCE CENTER INC, founded in 2022, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $917K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 16% operating margin.

Mission

THE ORGANIZATION'S PRIMARY MISSION IS ACHIEVE THE OBJECTIVE OF REGULARLY-SCHEDULED FOOD DISTRIBUTIONS TO NEEDY FAMILIES AND INDIVIDUALS IN THE LOCAL COMMUNITY BY MEANS OF GATHERING SUFFICIENT FOOD AND RELATED RESOURCES DURING INTERIM SESSIONS BETWEEN FOOD DISTRIBUTION DAYS, EACH MONTH, THROUGHOUT THE YEAR.

Program Service Accomplishments

Program 1

Expenses: $753,513

DURING 2023 MANAGEMENT UTILIZED THE SERVICES OF 970 VOLUNTEERS WHO EXPENDED 6,589 SERVICE HOURS RELATING TO FOOD PANTRY PREPARATION DAYS, FOOD GIVE AWAY DISTRIBUTION DAYS, AND ADMINISTRATIVE...

DURING 2023 MANAGEMENT UTILIZED THE SERVICES OF 970 VOLUNTEERS WHO EXPENDED 6,589 SERVICE HOURS RELATING TO FOOD PANTRY PREPARATION DAYS, FOOD GIVE AWAY DISTRIBUTION DAYS, AND ADMINISTRATIVE TASKS.COMMUNITY RECIPIENTS SERVED DURING 2023:9,477 HOUSEHOLDS, AVERAGING 2.7 FAMILY MEMBERS PER HOUSEHOLD, OR 26,169 INDIVIDUAL RECIPIENTS

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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 $917,213

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $917,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,142

Program Expenses $753,513

Other Expenses $767,809

TOTAL EXPENSES $767,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$917,213	$505,426	+0.8%
Expenses	$767,809	$458,573	+0.7%
Net Income	$149,404	$46,853	+2.2%

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

970

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
FAYE GAINES	PRESIDENT	4.00	Officer Director	$0	$0	$0
EARL ARRANTS	CHIEF FINANCIAL OFFICER	4.00	Officer Director	$0	$0	$0
LINDA SEASHORE	SECRETARY	4.00	Officer Director	$0	$0	$0
PEARL SILVA	ASSISTANT CHIEF FINANCIAL OFFICER	4.00	Officer Director	$0	$0	$0
REV DR MARY MAAGA	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLASS GIBSON	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPHINE DELGADO	DIRECTOR	2.00	Director	$0	$0	$0
LEESA KLOTZ	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HERBURGER	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	No data	No data	No data	No data
2023	$917,213	$767,809	$264,862	$149,404
2022	$505,426	$458,573	$115,458	$46,853

SUNSHINE FOOD PANTRY AND RESOURCE CENTER INC