PROJECT ANGEL FOOD (EIN 954115863) - 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

1987

Legal Domicile

Principal Officer

RICHARD AYOUB

Phone

3238451800

Tax Period

2024-07-01 to 2025-06-30

PROJECT ANGEL FOOD, founded in 1987, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $22.7M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $6.0M, a strong 26% operating margin.

Mission

PROJECT ANGEL FOOD PREPARES AND HOME DELIVERS MEDICALLY TAILORED MEALS TO PEOPLE IMPACTED BY SERIOUS ILLNESS BRINGING COMFORT AND HOPE EVERY DAY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,176,307

Program Service Revenue $7,338,725

Investment Income $879,095

Other Revenue $-733,805

TOTAL REVENUE $22,660,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,332,186

Fundraising Expenses $1,610,286

Program Expenses $14,255,095

Other Expenses $8,360,677

TOTAL EXPENSES $16,692,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,660,322	$24,262,287	-0.1%
Expenses	$16,692,863	$29,847,075	-0.4%
Net Income	$5,967,459	$-5,584,788	-2.1%

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

125

Volunteers

5814

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

$417,841

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN FUJIMOTO	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN SONEGO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AUDREY SCHLAEPFER	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS ESGUERRA	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID KRAMER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES A FRAZIER	BOARD MEMBER (THRU 11/2024)	1.00	Director	$0	$0	$0
MARK ANAWALT	BOARD MEMBER (THRU 12/2024)	1.00	Director	$0	$0	$0
JASMINE A BOWERS	BOARD MEMBER	1.00	Director	$0	$0	$0
TAKASHI CHENG	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTOR CORTES	BOARD MEMBER	1.00	Director	$0	$0	$0
JUAN PABLO DI PACE	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA MATHIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RUNNINGBEAR RAMIREZ	BOARD MEMBER (THRU 11/2024)	1.00	Director	$0	$0	$0
MICHAEL LOMBARDO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY FISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA ARASHEBEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANTE DI LORETO	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY REYES	BOARD MEMBER (THRU 9/2024)	1.00	Director	$0	$0	$0
FRANCISCO OAXACA	BOARD MEMBER	1.00	Director	$0	$0	$0
JANENE DRAFS	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN CERF	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD AYOUB	CEO	40.00	Officer	$253,761	$16,476	$270,237
KERRY HANNAWELL	DIRECTOR OF FINANCE	40.00	Officer	$133,923	$13,681	$147,604
DONALD MACAULAY	SR. DIR. OF ADMIN AND OPERATIONS	40.00	Highest	$173,839	$20,931	$194,770
DIANA DE LA PENA	ASSOCIATE DIRECTOR OF FINANCE	40.00	Highest	$139,321	$12,796	$152,117
MARK MCBRIDE	DIRECTOR OF PHILANTHROPY	40.00	Highest	$166,568	$21,529	$188,097
FRANCISCO PEREZ	ASSOC. DIR. OF HUMAN RESOURCES	40.00	Highest	$141,229	$24,857	$166,086
BRADLY BESSEY	DIR. OF COMM. AND TALENT RELATIONS	40.00	Highest	$139,823	$52,135	$191,958

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
2025	$22,660,322	$16,692,863	$68,097,684	$5,967,459
2024	$24,262,287	$29,847,075	$62,440,602	$-5,584,788
2023	$31,873,078	$12,429,461	$44,434,996	$19,443,617
2022	$12,194,504	$9,511,284	$25,385,947	$2,683,220
2021	$13,222,337	$7,691,304	$17,568,873	$5,531,033
2020	$10,985,451	$6,542,661	$14,361,323	$4,442,790
2019	$6,080,981	$4,874,861	$9,223,074	$1,206,120
2018	$5,732,135	$4,517,362	$8,383,602	$1,214,773

PROJECT ANGEL FOOD