BATH AREA FOOD BANK (EIN 010437478) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

KIMBERLY GATES

Phone

2077379289

Tax Period

2024-01-01 to 2024-12-31

BATH AREA FOOD BANK is a 501(c)(3) with EIN 010437478, based in BATH, ME. Founded in 1991, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $282,716 in total revenue and $213,744 in total expenses, with net assets of $973,512.

Mission

THE BATH AREA FOOD BANK'S MISSION IS TO FEED FOOD INSECURE FAMILIES AND INDIVIDUALS WITH DIGNITY AND RESPECT BY SUPPLYING HOME COOKED MEALS AND A GROCERY STORE TYPE ATMOSPHERE WHERE OUR CLIENTS CHOSE ITEMS THEY REQUIRE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $281,649

Program Service Revenue $0

Investment Income $241

Other Revenue $826

TOTAL REVENUE $282,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,793

Fundraising Expenses $644

Program Expenses $195,448

Other Expenses $95,951

TOTAL EXPENSES $213,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,716	$219,622	+0.3%
Expenses	$213,744	$208,763	+0.0%
Net Income	$68,972	$10,859	+5.4%

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

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
JENNIFER TRUDELL PIERCE	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
LISHA WENTWORTH	VICE CHAIRPERSON	10.00	Officer Director	$0	$0	$0
BARBARA BRAMER	TREASURER	10.00	Officer Director	$0	$0	$0
CHARLENE DROZ-TUPLIN	DIRECTOR	2.00	Director	$0	$0	$0
SARAH KRAJEWSKI	DIRECTOR	2.00	Director	$0	$0	$0
JULIE UPHAM	SECRETARY	5.00	Director	$0	$0	$0
MARIANNE HARDGREAVE	DIRECTOR	2.00	Director	$0	$0	$0
SARAH MOORE	DIRECTOR	2.00	Director	$0	$0	$0
KIM PARSONS	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY BECKER	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	$282,716	$213,744	$974,097	$68,972
2023	$219,622	$208,763	$906,452	$10,859
2022	$309,567	$179,090	$894,553	$130,477
2021	$426,351	$154,554	$936,420	$271,797
2020	$404,847	$152,236	$658,557	$252,611

BATH AREA FOOD BANK