THE FOOD BANK OF WESTERN MASSACHUSETTS INC (EIN 042751023) - 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

1981

Legal Domicile

Principal Officer

ANDREW MOREHOUSE

Phone

4132479738

Tax Period

2024-10-01 to 2025-09-30

THE FOOD BANK OF WESTERN MASSACHUSETTS INC, founded in 1981, is a mid-sized nonprofit that reported $37.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO FEED OUR NEIGHBORS IN NEED AND LEAD THE COMMUNITY TO END HUNGER.

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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 $36,809,659

Program Service Revenue $112,155

Investment Income $565,940

Other Revenue $2,415

TOTAL REVENUE $37,490,169

Expense Breakdown

Grants Paid $26,299,224

Salaries & Benefits $6,924,298

Fundraising Expenses $2,186,990

Program Expenses $33,429,950

Other Expenses $3,681,698

TOTAL EXPENSES $36,905,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,490,169	$32,964,929	+0.1%
Expenses	$36,905,220	$33,568,223	+0.1%
Net Income	$584,949	$-603,294	-2.0%

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

Volunteers

864

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

$548,188

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLOTTE BONEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLETTE JOHNSON	1ST VP	1.00	Officer Director	$0	$0	$0
OMAR IRIZARRY	2ND VP	1.00	Officer Director	$0	$0	$0
WILLIAM HARJU	TREASURER (END 09/30/25)	1.00	Officer Director	$0	$0	$0
SHANNON WILSON	CLERK	1.00	Director	$0	$0	$0
ERICA FLORES	DIRECTOR (END 12/31/2024)	1.00	Director	$0	$0	$0
DAVID LUSTEG	DIRECTOR (END 12/31/2024)	1.00	Director	$0	$0	$0
GEORGE NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
BETH YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
ANN BARKER	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE SHAW	DIRECTOR	1.00	Director	$0	$0	$0
JOHANNA MALDONADO	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA LEIBSON	DIRECTOR	1.00	Director	$0	$0	$0
MARY FEUER	DIRECTOR	1.00	Director	$0	$0	$0
ARIANA WILLIAMS	DIRECTOR (END 11/13/2024)	1.00	Director	$0	$0	$0
SUZANNE BECK	DIRECTOR	1.00	Director	$0	$0	$0
ILLEANA CARRION	DIRECTOR (END 12/31/2024)	1.00	Director	$0	$0	$0
WILLIE SPRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
XIAOLEI HUA	DIRECTOR	1.00	Director	$0	$0	$0
JOESIAH GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
MARY MCGOVERN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SPEELMAN	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA AGUILAR	DIRECTOR (START 1/1/2025)	1.00	Director	$0	$0	$0
MAUREEN JAMES	DIRECTOR (START 1/1/2025)	1.00	Director	$0	$0	$0
AMY ROME	DIRECTOR (START 1/1/2025)	1.00	Director	$0	$0	$0
TERRY BURMAN	DIRECTOR (START 4/30/25)	1.00	Director	$0	$0	$0
ANDREW MOREHOUSE	EXECUTIVE DIRECTOR	46.57	Officer	$185,083	$36,696	$221,779
NANCY ROBINSON	SR. DIR. OF OPERATIONS	42.10	Officer	$156,237	$18,394	$174,631
JACOB HOUGH	DIRECTOR OF FINANCE	40.08	Officer	$132,138	$19,640	$151,778
CAROLYN SAILER	DIRECTOR OF HUMAN RESOURCE	40.80	Highest	$113,087	$29,982	$143,069
SHIRLEY DEL RIO	DIRECTOR OF FOOD OPERATION	43.33	Highest	$129,811	$23,657	$153,468
CHRISTINA MAXWELL	DIRECTOR OF PROGRAMS	42.21	Highest	$124,968	$24,508	$149,476
JILLIAN MORGAN	DIRECTOR OF DEVELOPMENT	41.94	Highest	$116,797	$23,843	$140,640

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	$37,490,169	$36,905,220	$57,601,251	$584,949
2024	$32,964,929	$33,568,223	$56,666,151	$-603,294
2023	$32,641,287	$26,690,056	$56,946,901	$5,951,231
2022	$28,657,996	$23,694,319	$32,478,592	$4,963,677
2021	$36,064,302	$23,619,278	$27,739,060	$12,445,024
2020	$29,078,193	$22,579,300	$15,255,396	$6,498,893
2019	$19,265,680	$19,172,690	$7,973,149	$92,990
2018	$18,083,143	$18,188,200	$7,889,090	$-105,057

THE FOOD BANK OF WESTERN MASSACHUSETTS INC