GREATER BOSTON FOOD BANK INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

CATHERINE D'AMATO

Phone

6174275200

Tax Period

2024-10-01 to 2025-09-30

GREATER BOSTON FOOD BANK INC, founded in 1981, is a major nonprofit that reported $179.2M in total revenue in fiscal year 2024. Expenses of $169.4M left a modest 5% surplus.

Mission

OUR COSTS CONSIST OF ACQUIRING, SORTING AND DISTRIBUTING FOOD TO 617 MEMBER AGENCIES, TRANSPORTATION AND LOGISTICS, AND COMMUNITY OUTREACH TO 69 DIRECT DISTRIBUTION SITES SUCH AS GBFB MOBILE MARKETS, AND FEDERAL DISTRIBUTIONS FOR LOW INCOME SENIORS. LAST YEAR, WE DISTRIBUTED OVER 109 MILLION POUNDS OF FOOD, THE EQUIVALENT OF OVER 90.9 MILLION MEALS. WE ARE COMMITTED TO INCREASING OUR FOOD DISTRIBUTION TO PROVIDE AT LEAST THREE MEALS A DAY TO EVERY PERSON IN NEED IN EASTERN MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $155,136,150 Revenue: $7,953,733

GBFB ACQUIRES FOOD THROUGH FOOD INDUSTRY PRODUCT DONATIONS, FOOD DRIVES, AND FINANCIAL CONTRIBUTIONS THAT ENABLE US TO PURCHASE ADDITIONAL HIGH-NUTRIENT QUALITY FOOD. WE ALSO BENEFIT FROM THE...

GBFB ACQUIRES FOOD THROUGH FOOD INDUSTRY PRODUCT DONATIONS, FOOD DRIVES, AND FINANCIAL CONTRIBUTIONS THAT ENABLE US TO PURCHASE ADDITIONAL HIGH-NUTRIENT QUALITY FOOD. WE ALSO BENEFIT FROM THE GENEROSITY OF OVER 18,000 VOLUNTEERS ANNUALLY WHO HELP SORT AND DISTRIBUTE DONATED FOOD PRODUCTS. GBFB WORKS TO ACQUIRE, STORE, ORGANIZE AND DISTRIBUTE FOOD THROUGH LOCAL FOOD PANTRIES, COMMUNITY MEAL PROGRAMS, SHELTERS, YOUTH PROGRAMS, SENIOR CENTERS AND OTHER COMMUNITY CENTERS IN THE 190 CITIES AND TOWNS OF EASTERN MASSACHUSETTS THAT GBFB SERVES. GBFB'S FOOD ASSISTANCE LOCATOR PROVIDES AN EASY WAY FOR PEOPLE IN NEED TO FIND HELP NEARBY. GBFB ALSO DISTRIBUTES FOOD DIRECTLY TO THOSE IN NEED THROUGH DEDICATED PROGRAMS THAT SERVE PARTICULARLY VULNERABLE GROUPS, SUCH AS SENIORS AND CHILDREN. SINCE 2009, GBFB HAS OPERATED OUT OF A STATE-OF-THE-ART 117,000 SQUARE-FOOT FOOD DISTRIBUTION FACILITY, THE YAWKEY DISTRIBUTION CENTER, LOCATED IN THE NEWMARKET SECTION OF BOSTON. THE GREATER BOSTON FOOD BANK IS A MEMBER OF FEEDING AMERICA, THE NATION'S LARGEST HUNGER-RELIEF ORGANIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $169,096,992

Program Service Revenue $7,597,419

Investment Income $2,216,327

Other Revenue $319,488

TOTAL REVENUE $179,230,226

Expense Breakdown

Grants Paid $140,661,187

Salaries & Benefits $15,605,484

Fundraising Expenses $7,607,954

Program Expenses $155,136,150

Other Expenses $10,812,797

TOTAL EXPENSES $169,439,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,230,226	$173,449,165	+0.0%
Expenses	$169,439,269	$165,762,690	+0.0%
Net Income	$9,790,957	$7,686,475	+0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

157

Volunteers

18175

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

$1,437,158

Total Directors

Key Employees

$629,862

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN HAMDAN	DIRECTOR	1.00	Director	$0	$0	$0
CARL PARATORE	TREASURER	2.00	Officer Director	$0	$0	$0
DEBBIE AMARAL	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD MACKEY	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN PYNE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SCHOEN	DIRECTOR	1.00	Director	$0	$0	$0
HARRY WILCOX	DIRECTOR	1.00	Director	$0	$0	$0
HEIDY KING JONES	DIRECTOR	2.00	Director	$0	$0	$0
JOANNA TRAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CORE	DIRECTOR	1.00	Director	$0	$0	$0
KEN RINALDI	DIRECTOR	1.00	Director	$0	$0	$0
KIM GOLDINGER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN BROUHARD	DIRECTOR	1.00	Director	$0	$0	$0
LISA KELLY-CROSWELL	DIRECTOR	1.00	Director	$0	$0	$0
MARCI SINDELL	DIRECTOR	1.00	Director	$0	$0	$0
MARK DEMICHAELIS	DIRECTOR	1.00	Director	$0	$0	$0
MARK FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK HINTLIAN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA LAVINSON	DIRECTOR	1.00	Director	$0	$0	$0
NATACHA GASSENBACH	DIRECTOR	1.00	Director	$0	$0	$0
ROGER WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
TED TRUSCOTT	CHAIR	2.00	Officer Director	$0	$0	$0
TOM CROSWELL	DIRECTOR	1.00	Director	$0	$0	$0
TOM SIENIEWICZ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CATHERINE D'AMATO	PRESIDENT/CHIEF EXECUTIVE OFFICER	40.00	Officer	$618,234	$9,151	$627,385
CHERYL ANNE OLDFIELD SCHONDEK	CHIEF OPERATING OFFICER	40.00	Officer	$428,841	$5,293	$434,134
PRANITA AMARASINGHE	CHIEF FINANCIAL OFFICER	40.00	Officer	$370,464	$5,175	$375,639
APRYLLE WALLACE	EVP OF HUMAN RESOURCES	40.00	Key Emp	$206,477	$1,523	$208,000
O'NEIL OUTAR	EXECUTIVE VP OF ADVANCEMENT	40.00	Key Emp	$383,169	$38,693	$421,862
JONATHAN TETRAULT	VP OF COMMUNITY IMPACT & OPER. (UNTIL 3/2025)	40.00	Highest	$178,778	$36,780	$215,558
JULEE SANDERSON	VP OF TECH OPERATIONS (UNTIL 1/2025)	40.00	Highest	$212,630	$12,704	$225,334
LISA DAVIS	SENIOR DIRECTOR OF DEVELOPMENT	40.00	Highest	$165,412	$7,729	$173,141
RICHARD GHIZ	SENIOR DIRECTOR OF INFORMATION SYSTEMS	40.00	Highest	$173,220	$26,290	$199,510
UNMESH GANDHI	SR. VP OF ENTERPRISE TECH & STRATEGY	40.00	Highest	$220,098	$0	$220,098

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	$179,230,226	$169,439,269	$85,151,557	$9,790,957
2024	$173,449,165	$165,762,690	$75,467,951	$7,686,475
2023	$153,349,748	$160,354,779	$69,971,655	$-7,005,031
2022	$157,620,498	$161,698,180	$73,386,187	$-4,077,682
2021	$187,976,800	$166,557,809	$80,463,627	$21,418,991
2020	$177,373,101	$148,496,032	$56,420,858	$28,877,069
2019	$107,292,642	$104,592,684	$25,920,490	$2,699,958
2018	$97,231,956	$96,104,118	$22,763,807	$1,127,838