BOUND BROOK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE FOOD BANK NETWORK OF SOMERSET COUNTY INC, founded in 1982, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $5.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.9M left a modest 7% surplus.
THE ORGANIZATON OPERATES DAILY AND WEEKLY FOOD PANTRIES IN BRIDGEWATER, BOUND BROOK, SOMERVILLE, MANVILLE, NORTH PLAINFIELD AND THE VA IN LYONS(ALL IN SOMEREST COUNTY, NEW JERSEY). THE ORGANIZATION MEETS EMERGENCY FOOD NEEDS ON A DAILY BASIS FOR PEOPLE REFERRED BY SOCIAL AGENCIES AND RESPONDS TO FAMILY NEEDS DURING NATURAL EMERGENCIES, SUCH AS FLOODING, FIRE AND THE 2020 PANDEMIC. IN ADDITION, THE ORGANIZATION DISTRIBUTES USDA GOVERNMENT SURPLUS FOOD WHEN AVAILABLE, PURCHASES SPECIAL DIETARY FOOD FOR PEOPLE WITH HEALTH PROBLEMS WHO ARE WITHOUT FUNDS. THOSE WHO RECEIVE FOOD INCLUDE SINGLE-PARENT FAMILIES, LOW INCOME FAMILIES, LONG-TERM UNEMPLOYED OR UNDER EMPLOYED PERSONS, SENIOR CITIZENS WITH INADEQUATE FIXED INCOMES, AND PEOPLE WITH A GENUINE NEED THAT FALL BETWEEN THE CRACKS OF EXISTING PUBLIC PROGRAMS.
FOR THE FULL YEAR OVER 2,200,000 POUNDS OF FOOD WAS DISTRIBUTED TO APPROXIMATELY 32,000 FAMILIES IN 2024. THE ORGANIZATION ALSO DISTRIBUTED BAGS OF EASY TO PREPARE FOOD FOR ITS BACKPACK PROGRAM...
FOR THE FULL YEAR OVER 2,200,000 POUNDS OF FOOD WAS DISTRIBUTED TO APPROXIMATELY 32,000 FAMILIES IN 2024. THE ORGANIZATION ALSO DISTRIBUTED BAGS OF EASY TO PREPARE FOOD FOR ITS BACKPACK PROGRAM, WHICH SERVED APPROXIMATELY 1778 CHILDREN EACH WEEK IN 26 SCHOOLS.THE ORGANIZATION OPERATES ADDITIONAL PROGRAMS, WHICH ASSISTED NEEDY PERSONS WITH THE FOLLOWING: PRESCRIPTION DRUG PURCHASES, FUNDING OF EYE EXAMS AND GLASSES, EMERGENCY UTILITY SHUTOFF PREVENTION AND HOLIDAY MEALS AND GIFTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,239,262 | $4,530,221 | +0.2% |
| Expenses | $4,865,434 | $4,356,373 | +0.1% |
| Net Income | $373,828 | $173,848 | +1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GORDON S WHITE III | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUMITA SAINI | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| CRESS DOMINIC | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| BRYAN WATKINSON | MEMBER-AT-LARGE | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRIS YEN | MEMBER-AT-LARGE | 2.00 |
Director
|
$0 | $0 | $0 |
| SHEILA LABREW | MEMBER-AT-LARGE | 2.00 |
Director
|
$0 | $0 | $0 |
| MIKE MAHONEY | MEMBER-AT-LARGE | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVE KATZ | EXECUTIVE DIRECTOR | 40.00 |
Key Emp
|
$110,240 | $0 | $110,240 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,239,262 | $4,865,434 | $3,160,726 | $373,828 |
| 2024 | No data | No data | No data | No data |
| 2023 | $4,530,221 | $4,356,373 | $2,796,781 | $173,848 |
| 2022 | $2,914,417 | $3,067,638 | $2,587,947 | $-153,221 |
| 2021 | $2,836,590 | $2,438,265 | $2,730,710 | $398,325 |
| 2020 | $2,883,980 | $1,800,123 | $2,331,742 | $1,083,857 |
| 2019 | $915,027 | $952,624 | $1,247,285 | $-37,597 |
| 2018 | $1,074,844 | $1,001,010 | $1,283,141 | $73,834 |
Compare THE FOOD BANK NETWORK OF SOMERSET COUNTY INC with other nonprofits in New Jersey and across the country.