THE MILK BANK INC (EIN 201662573) - 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

2004

Legal Domicile

Principal Officer

FREEDOM KOLB

Phone

3175361670

Tax Period

2025-01-01 to 2025-12-31

THE MILK BANK INC, founded in 2004, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2025. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 27% operating margin.

Mission

THE ORGANIZATION WAS ESTABLISHED AS A NON-PROFIT, COMMUNITY-SUPPORTED ENTITY TO IMPROVE HEALTH OUTCOMES FOR PREMATURE AND ILL BABIES, FOSTER BETTER HEALTH FOR CHILDREN, AND DECREASE HEALTH CARE EXPENDITURES. THE ORGANIZATION RECEIVES HUMAN MILK FROM CAREFULLY SCREENED DONORS TO PASTEURIZE, FREEZE AND DISTRIBUTE THROUGHOUT THE UNITED STATES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $357,271

Program Service Revenue $3,943,323

Investment Income $120,706

Other Revenue $2,642

TOTAL REVENUE $4,423,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,345,997

Fundraising Expenses $243,020

Program Expenses $2,665,028

Other Expenses $1,891,734

TOTAL EXPENSES $3,237,731

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,423,942	$3,325,285	+0.3%
Expenses	$3,237,731	$2,577,415	+0.3%
Net Income	$1,186,211	$747,870	+0.6%

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

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

217

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

$150,126

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE KIRBY	PRESIDENT	3.00	Officer Director	$0	$0	$0
NICOLE MCDANIEL CPA	TREASURER	3.00	Officer Director	$0	$0	$0
EKANEM AKINOLA MD FAAP IBCLC	MEDICAL DIRECTOR	3.00	Officer Director	$0	$0	$0
APRIL DALES	SECRETARY	3.00	Officer Director	$0	$0	$0
ANGKA HINSHAW ESQ	PRESIDENT-ELECT	3.00	Officer Director	$0	$0	$0
SHARON ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE BECKER	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN BOWMAN PHARMD	DIRECTOR	1.00	Director	$0	$0	$0
JESSE DAVIS MD MBA	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY FOUGHTY MBA	DIRECTOR	1.00	Director	$0	$0	$0
RAY GUO	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE GEIST MSN RN	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY JACKSON JD	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA SPICKELMIER	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE LOGSDON IBCLC	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE MORGAN PARMD BCOP	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MUDD CPA	DIRECTOR	1.00	Director	$0	$0	$0
KATELYNN MULINIX MBA	DIRECTOR	1.00	Director	$0	$0	$0
SARAH ROHR	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY SCHWANDT	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN TIPPIT	DIRECTOR	1.00	Director	$0	$0	$0
FREEDOM KOLB	CEO	40.00	Officer	$143,912	$6,214	$150,126

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	$4,423,942	$3,237,731	$5,939,244	$1,186,211
2024	$3,325,285	$2,577,415	$4,756,925	$747,870
2023	$2,916,030	$2,024,149	$4,041,879	$891,881
2022	$2,505,212	$2,009,879	$3,169,254	$495,333
2021	$2,090,441	$1,705,081	$1,584,342	$385,360
2020	$1,640,499	$1,385,661	$1,168,262	$254,838
2019	$1,433,619	$1,343,105	$896,735	$90,514
2018	$1,339,185	$1,449,806	$825,253	$-110,621

THE MILK BANK INC