LACEY FOOD BANK INC (EIN 020554678) - 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

CYNTHIA BOYLAN-PIEJA

Phone

6096937161

Tax Period

2024-01-01 to 2024-12-31

LACEY FOOD BANK INC, founded in 2002, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $287K in total revenue in fiscal year 2024. The organization ran a surplus of $88K, a strong 31% operating margin.

Mission

The primary purpose of The Lacey Food Bank, Inc. is to distribute food to needy Lacey Township, NJ residents who meet established eligibility criteria. Distribution is on the 3rd Thursday and Friday of each month.

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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 $248,041

Program Service Revenue $0

Investment Income $18,920

Other Revenue $19,599

TOTAL REVENUE $286,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,900

Fundraising Expenses $0

Program Expenses $156,571

Other Expenses $181,580

TOTAL EXPENSES $198,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,560	$280,973	+0.0%
Expenses	$198,480	$209,014	-0.1%
Net Income	$88,080	$71,959	+0.2%

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

$16,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	020.00	Director	$10,400	$0	$10,400
CYNTHIA BOYLAN-PIEJA 6096937161	TREASURER, TRUSTEE	010.00	Director	$6,500	$0	$6,500
REV JONATHAN CAMPBELL 8458939157	TRUSTEE	002.00	Director	$0	$0	$0
ED WEISBROT 6096931085	CO-CHAIRMAN	020.00	Director	$0	$0	$0
HAROLD PETERS 6092420806	CO-CHAIRMAN	020.00	Director	$0	$0	$0
REV MATTHEW HASS 6096931333	TRUSTEE	002.00	Director	$0	$0	$0
MARIA STORK 6092328106	TRUSTEE	002.00	Director	$0	$0	$0
REV PAUL QUEVEDO 7186192024	TRUSTEE	002.00	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	$286,560	$198,480	$851,850	$88,080
2023	$280,973	$209,014	$764,020	$71,959
2022	$276,616	$193,952	$692,061	$82,664
2021	$308,136	$210,785	$609,397	$97,351
2020	$408,559	$233,565	$512,046	$174,994
2019	$241,997	$156,892	$339,577	$85,105
2018	$164,882	$136,254	$254,672	$28,628

LACEY FOOD BANK INC