MERIDIAN FOOD BANK INC (EIN 203062024) - 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

KENT CHRISTENSEN

Phone

2088885102

Tax Period

2024-01-01 to 2024-12-31

MERIDIAN FOOD BANK INC, founded in 2004, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $3.1M in total revenue in fiscal year 2024.

Mission

THE MERIDIAN FOOD BANK'S MISSION IS TO PROVIDE FOOD AID TO LOW INCOME PEOPLE.

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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 $3,054,246

Program Service Revenue $0

Investment Income $43,764

Other Revenue $0

TOTAL REVENUE $3,098,010

Expense Breakdown

Grants Paid $2,915,190

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,104,463

Other Expenses $189,273

TOTAL EXPENSES $3,104,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,098,010	$2,970,835	+0.0%
Expenses	$3,104,463	$2,956,382	+0.1%
Net Income	$-6,453	$14,453	-1.4%

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

252

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BUFFY ROBERTS	DIRECTOR	0.10	Director	$0	$0	$0
DANIELLE ALLSOP	DIRECTOR	1.30	Director	$0	$0	$0
KELLIE BOND	DIRECTOR	5.80	Director	$0	$0	$0
DONNA PREWOZNIK	DIRECTOR	0.30	Director	$0	$0	$0
LORI JONES	BOARD MEMBER	0.30	Director	$0	$0	$0
DAN CLARK	BOARD MEMBER	0.00	Officer	$0	$0	$0
GIL GREEN	CHAIRMAN	8.40	Officer	$0	$0	$0
KENT CHRISTENSEN	EXECUTIVE DIRECTOR/TREASUR	14.10	Officer	$0	$0	$0
VIKKEY CHRISTENSEN	SECRETARY	0.10	Officer	$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	$3,098,010	$3,104,463	$1,650,735	$-6,453
2023	$2,970,835	$2,956,382	$1,644,809	$14,453
2022	$2,762,951	$2,615,369	$1,609,103	$147,582
2021	$2,448,782	$2,183,560	$1,529,832	$265,222
2020	$2,783,298	$2,384,157	$1,264,610	$399,141
2019	$2,006,031	$2,018,941	$865,469	$-12,910
2018	$2,033,735	$2,066,384	$878,379	$-32,649

MERIDIAN FOOD BANK INC