GALVESTON COUNTY FOOD BANK

EIN: 200408375 501(c)(3) Human Services

TEXAS CITY, TX

Total Revenue
$19,650,707
Total Expenses
$19,687,852
Total Assets
$7,433,411
Net Assets
$7,339,934
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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
2004
Legal Domicile
TX
Principal Officer
DONALD J VANACKEREN
Phone
4099454232
Tax Period
2023-01-01 to 2023-12-31

GALVESTON COUNTY FOOD BANK, founded in 2004, is a mid-sized nonprofit in the Human Services sector that reported $19.7M in total revenue in fiscal year 2023.

Mission

CREATE AND MAINTAIN A FOOD PROCUREMENT AND DISTRIBUTION NETWORK THAT PROVIDES NURISHING FOOD BY MAXIMIZING RELATIONSHIPS WITH MAJOR FOOD DISTRIBUTORS AND PRODUCERS. GALVESTON COUNTY FOOD BANK EFFECTIVELY DISTRIBUTES NUTRITIOUS FOOD TO THOSE WHO NEED IT INCLUDING THE "WORKING POOR."

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,560,732
Program Service Revenue $2,897
Investment Income $87,078
Other Revenue $0
TOTAL REVENUE $19,650,707

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,142,009
Fundraising Expenses $194,743
Program Expenses $19,170,568
Other Expenses $18,545,843
TOTAL EXPENSES $19,687,852

Year-over-Year Comparison

2023 2022 Change
Revenue $19,650,707 $19,335,471 +0.0%
Expenses $19,687,852 $18,751,487 +0.0%
Net Income $-37,145 $583,984 -1.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
35
Volunteers
3057

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
6
$104,519
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD J VANACKEREN EXEC DIR/PRE 40.00
Officer
$104,519 $0 $104,519
ARMIN CANTINI BOARD MEMEBE 0.50
Director
$0 $0 $0
TRESA HIGBEE BOARD MEMBER 1.50
Director
$0 $0 $0
THOMAS C HEARRING III SECRETARY 0.50
Officer Director
$0 $0 $0
MARK KELLNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
AMY MANNIE BOARD MEMBER 0.50
Director
$0 $0 $0
KYLE MCFATRIDGE IMMEDIATE PA 0.50
Officer Director
$0 $0 $0
RICK WADE TREASURER 1.00
Officer Director
$0 $0 $0
PETER WILLIAMSON CHAIR 0.50
Officer 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 No data No data No data No data
2023 $19,650,707 $19,687,852 $7,433,411 $-37,145
2022 $19,335,471 $18,751,487 $7,423,292 $583,984
2021 $17,758,776 $17,106,564 $6,843,848 $652,212
2020 $18,153,886 $16,588,840 $6,170,294 $1,565,046
2019 $11,809,625 $11,877,418 $4,618,302 $-67,793
2018 $14,518,026 $14,152,935 $4,781,224 $365,091
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