GIFTS FROM THE HEART FOOD BANK (EIN 020549032) - 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

2002

Legal Domicile

Principal Officer

Molly Hughes

Phone

3606725502

Tax Period

2024-01-01 to 2024-12-31

GIFTS FROM THE HEART FOOD BANK, founded in 2002, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $211K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $163K, a strong 77% operating margin.

Mission

WE RESPECTFULLY PROVIDE FOOD FOR THOSE IN NEED IN THE COMMUNITY

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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 $180,164

Program Service Revenue $0

Investment Income $30,914

Other Revenue $0

TOTAL REVENUE $211,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,552

Other Expenses $48,552

TOTAL EXPENSES $48,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,078	$343,498	-0.4%
Expenses	$48,552	$46,217	+0.1%
Net Income	$162,526	$297,281	-0.5%

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

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
Molly Hughes	president	6	Director	$0	$0	$0
Aloha Hart	Secretary	5	Director	$0	$0	$0
Michele Johnson	Treasurer	5	Director	$0	$0	$0
Ken Hofkamp	Individual director	2	Director	$0	$0	$0
Sandee Allen	Board member	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
2025	No data	No data	No data	No data
2024	$211,078	$48,552	$1,361,063	$162,526
2023	$343,498	$46,217	$967,356	$297,281
2022	$103,170	$42,342	$670,060	$60,828
2021	$149,705	$31,331	$609,231	$118,374

GIFTS FROM THE HEART FOOD BANK