WESTERN ASSOCIATION OF FOOD CHAINS INC (EIN 956078664) - 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

1921

Legal Domicile

Phone

5624971012

Tax Period

2023-01-01 to 2023-12-31

WESTERN ASSOCIATION OF FOOD CHAINS INC, founded in 1921, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.5M in total revenue in fiscal year 2023. Net assets of $13.4M represent 25 months of operating reserves.

Mission

THE PRIMARY EXEMPT PURPOSE IS TO PROVIDE SUPPORT TO EDUCATIONAL INSTITUTIONS FOR USE IN THE ENHANCEMENT AND GROWTH OF FOOD INDUSTRY MANAGEMENT PROGRAMS.

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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 $1,701,700

Program Service Revenue $4,413,869

Investment Income $344,469

Other Revenue $59,946

TOTAL REVENUE $6,519,984

Expense Breakdown

Grants Paid $1,771,263

Salaries & Benefits $1,420,755

Fundraising Expenses $0

Program Expenses $5,731,202

Other Expenses $3,626,538

TOTAL EXPENSES $6,818,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,519,984	$6,282,840	+0.0%
Expenses	$6,818,556	$6,577,467	+0.0%
Net Income	$-298,572	$-294,627	+0.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT POSSEY	COO	40.00		$483,562	$36,593	$520,155
SEAN HEYET	Director	0.00	Director	$0	$0	$0
NANCY LEBOLD	President	0.00	Officer Director	$0	$0	$0
KEVIN LOVELL	Vice President	0.00	Officer Director	$0	$0	$0
REBECCA CALVIN	Treasurer	0.00	Officer Director	$0	$0	$0
JOHN ALSTON	Director	0.00	Director	$0	$0	$0
CHRIS HOOKS	Director	0.00	Director	$0	$0	$0
ADAM CALDECOTT	Director	0.00	Director	$0	$0	$0
MIKE CALLIHAN	Director	0.00	Director	$0	$0	$0
KELLY MULLIN	Director	0.00	Director	$0	$0	$0
WENDY COLDESINA	Secretary	0.00	Officer Director	$0	$0	$0
CHRIS COWGILL	Director	0.00	Director	$0	$0	$0
GINEAL DAVIDSON	Director	0.00	Director	$0	$0	$0
RICH GILLMORE	Director	0.00	Director	$0	$0	$0
DUSTIN HAMILTON	Director	0.00	Director	$0	$0	$0
MIKE HENDRY	Director	0.00	Director	$0	$0	$0
DAVID HINDERAKER	Director	0.00	Director	$0	$0	$0
MIKE JOHNSON	Director	0.00	Director	$0	$0	$0
TODD KAMMEYER	Director	0.00	Director	$0	$0	$0
CHRIS LANOUE	Director	0.00	Director	$0	$0	$0
STEVE MAYER	Director	0.00	Director	$0	$0	$0
TYLER MYERS	Director	0.00	Director	$0	$0	$0
TOM NELSON	Director	0.00	Director	$0	$0	$0
MATT REEVE	Director	0.00	Director	$0	$0	$0
MIKE RIDENOUR	Director	0.00	Director	$0	$0	$0
CLIFF RIGSBEE	Director	0.00	Director	$0	$0	$0
RON SELDERS	Director	0.00	Director	$0	$0	$0
ERIC STOVER	Director	0.00	Director	$0	$0	$0
NATHAN TUCKER	Director	0.00	Director	$0	$0	$0
JIM WALLACE	Director	0.00	Director	$0	$0	$0
ROGER WHITE	Director	0.00	Director	$0	$0	$0
RICK WILLIAMS	Director	0.00	Director	$0	$0	$0
LEVI WINGO	Director	0.00	Director	$0	$0	$0
PAT POSEY	COO	40.00		$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	$6,519,984	$6,818,556	$15,494,728	$-298,572
2022	$6,282,840	$6,577,467	$13,653,261	$-294,627
2021	$2,488,760	$3,079,531	$16,191,809	$-590,771
2020	$2,733,550	$2,964,621	$15,346,043	$-231,071
2019	$4,450,592	$3,886,424	$15,703,253	$564,168
2018	$3,953,385	$3,848,947	$13,192,493	$104,438

WESTERN ASSOCIATION OF FOOD CHAINS INC