Fine Chocolate Industry Association

EIN: 900799956 Community Improvement

Spokane, WA

Total Revenue
$227,361
Total Expenses
$272,675
Total Assets
$88,055
Net Assets
$2,234
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
WA
Phone
2067926799
Tax Period
2023-01-01 to 2023-12-31

Fine Chocolate Industry Association, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $273K exceeded revenue, resulting in a 20% operating deficit.

Mission

Development and innovation of the fine chocolate industry.

Program Service Accomplishments

Program 1

Fine Chocolate Industry Association (FCIA) is a professional non-profit organization representing the fine chocolate industry. The mission is to promote quality, innovations, ethical sourcing, and...

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Fine Chocolate Industry Association (FCIA) is a professional non-profit organization representing the fine chocolate industry. The mission is to promote quality, innovations, ethical sourcing, and best practices in the fine chocolate industry from tree to bar and bonbon. FCIA achieves this by:Building a community of members along the entire cacao value chainCelebrating and promoting our members workSupporting ethical sourcing of cacao and other ingredientsBecoming the voice of fine chocolate to the media regarding growing, production and consumption of chocolate.Sharing information for chocolate professionals on best practices, ingredients, processing, equipment and technology.Support the defining of industry standards for fine cacao, chocolate production and use, sensory analysis and quality ingredients.Contribute to improving the economic prospects of smallholder cacao farmersBuilding partnerships to strengthen the value chain and preserve fine cacao varieties.In 2023 we continued to deliver programming virtually through webinars in person events at Dallas Chocolate Festival and Northwest Chocolate Festival and developed the fine chocolate glossary which serves as a shared space for leading experts to establish a common language for all things chocolate. . Additionally we continued to work with USAID and USDA on two initiatives TSIRO Alliance and MOCCA. TSIRO AllianceFCIA along with USAID, Catholic Relief Services (CRS), and a group of international companies working in cacao and spices joined forces to help address some of Madagascars critical environmental and economic problems, with the creation of the TSIRO Alliance. The alliance focuses on conserving biodiversity and improving the livelihoods of smallholder cacao and spice farmers to support agroforestry systems, and enhancing biodiversity in Madagascar. This public-private partnership will invest in diversifying income streams, using climate-smart agriculture techniques, and reasserting the value of healthy trees and ecosystems to support Madagascars fragile ecosystem. The Fine Chocolate Industry Association (FCIA) links to a global network of experts and consumer touchpoints.MOCCAMOCCA, which stands for Maximizing Opportunities for Coffee and Cacao in the Americas, is a joint effort between USDA, Lutheran World Relief, TechnoServe and FCIA. The MOCCA program focuses on applying market solutions to help coffee and cocoa producers overcome the barriers that limit their ability to renovate and rehabilitate their plantations, improving their production yields, marketing capabilities, income and livelihoods. FCIA works with MOCCA to provide training for farmers as well as communication on flavor profiles to prospective buyers of fine flavor cacao.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $207,010
Program Service Revenue $20,285
Investment Income $66
Other Revenue $0
TOTAL REVENUE $227,361

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $272,675
TOTAL EXPENSES $272,675

Year-over-Year Comparison

2023 2022 Change
Revenue $227,361 $268,671 -0.2%
Expenses $272,675 $262,696 +0.0%
Net Income $-45,314 $5,975 -8.6%
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

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Governance

Voting Members
10
Independent Members
10
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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ephi Maglaris Executive Dir. 40.00
$56,667 $0 $56,667
Clark Guittard Director 1.00
Director
$0 $0 $0
Maricel Presilla Director 1.00
Director
$0 $0 $0
Emily Stone Director 1.00
Director
$0 $0 $0
Shadel Nyack Compton Secretary 1.00
Director
$0 $0 $0
Monica Rogan Director 1.00
Director
$0 $0 $0
Jacques De Waele Director 1.00
Director
$0 $0 $0
Dahlia Graham Director 1.00
Director
$0 $0 $0
Lauren Adler Executive Dir. 40.00
Officer
$0 $0 $0
Jose Lopez Ganem Executive Dir. 40.00
Officer
$0 $0 $0
Jean Thompson President 2.00
Officer
$0 $0 $0
Daniel Domingo Treasurer 2.00
Officer
$0 $0 $0
Andal Balu Secretary 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
2023 $227,361 $272,675 $88,055 $-45,314
2022 $268,671 $262,696 $103,590 $5,975
2020 $287,148 $251,759 $103,464 $35,389
2019 $286,185 $316,640 $68,075 $-30,455
2018 $225,859 $201,980 $98,530 $23,879
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