The Storehouse Inc

EIN: 020551015 501(c)(3) Food, Agriculture & Nutrition

Covington, WA

Total Revenue
$3,469,116
Total Expenses
$3,232,134
Total Assets
$574,734
Net Assets
$569,831
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
WA
Principal Officer
Willard Nielsen
Phone
2536313038
Tax Period
2025-01-01 to 2025-12-31

The Storehouse Inc, founded in 2001, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $3.5M in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 7% surplus.

Mission

This organization operates a community food bank providing food and essential household necessities to individuals and families in need. In 2025, there was 1,447,246 pounds valued at 2,894,492 distributed to 4,589 individuals to improve food security.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,444,937
Program Service Revenue $0
Investment Income $389
Other Revenue $23,790
TOTAL REVENUE $3,469,116

Expense Breakdown

Grants Paid $2,939,732
Salaries & Benefits $149,173
Fundraising Expenses $55,672
Program Expenses $3,098,324
Other Expenses $143,229
TOTAL EXPENSES $3,232,134

Year-over-Year Comparison

2025 2024 Change
Revenue $3,469,116 $2,650,594 +0.3%
Expenses $3,232,134 $2,655,468 +0.2%
Net Income $236,982 $-4,874 -49.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
5
Volunteers
306

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
3
$0
Total Directors
8
$81,630
Key Employees
1
$81,630
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephanie Lawson Executive Director Non-Voting 040.00
Director Key Emp Highest
$81,630 $0 $81,630
Debby Hartsock Board Member 003.00
Director
$0 $0 $0
David Kulp Board Chairman 002.50
Officer Director
$0 $0 $0
Willard Nielsen Treasurer 012.00
Officer Director
$0 $0 $0
Rob Guthrie Secretary 001.50
Officer Director
$0 $0 $0
Robin Hewlett Board Member 009.00
Director
$0 $0 $0
Bobby Hughes Board Member 004.00
Director
$0 $0 $0
Iwona Orcyk Board Member 011.50
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 $3,469,116 $3,232,134 $574,734 $236,982
2024 $2,650,594 $2,655,468 $335,916 $-4,874
2023 $2,526,351 $2,423,066 $340,671 $103,285
2022 $2,165,139 $2,134,944 $237,738 $30,195
2021 $2,352,441 $2,321,812 $206,428 $30,629
2020 $2,935,726 $2,825,775 $173,985 $109,951
2019 $1,364,533 $1,353,160 $65,140 $11,373
2018 $1,444,491 $1,421,084 $53,632 $23,407
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