Community Food Bank Of New Jersey … - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

ELIZABETH MCCARTHY

Phone

9083553663

Tax Period

2024-07-01 to 2025-06-30

Community Food Bank Of New Jersey Inc, founded in 1982, is a major nonprofit in the Food, Agriculture & Nutrition sector that reported $214.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

We serve as a champion for addressing the root causes of hunger, delivering neighbor-centric solutions, and fostering collaborative partnerships across all sectors of society for New Jersey.

Program Service Accomplishments

Program 1

Expenses: $199,377,128 Revenue: $2,534,814

The Community FoodBank of New Jersey, a member of Feeding America, is the largest anti-hunger organization in the State. THIS PAST YEAR, THE COMMUNITY FOODBANK OF NEW JERSEY DISTRIBUTED APPROXIMATELY 111 MILLION POUNDS OF FOOD TO 800 PARTNER ORGANIZATIONS IN 15 OUT OF NEW JERSEY'S 21 COUNTIES, RESULTING IN MORE THAN 92 MILLION MEALS DELIVERED TO NEIGHBORS IN NEED. 33% OF ALL FOOD DISTRIBUTED WAS FRESH PRODUCE. THE COMMUNITY FOODBANK OF NEW JERSEY'S PROGRAMS INCLUDE: CHILD AND SENIOR FEEDING, MOBILE PANTRIES, RESOURCE ACCESS ASSISTANCE, DISTRIBUTION OF ESSENTIAL ITEMS INCLUDING PADS AND DIAPERS, CHRONIC DISEASE FOCUSED SUPPORT SERVICES, WORKFORCE DEVELOPMENT TRAINING, EMERGENCY FOOD DISTRIBUTION, AND GRANTMAKING.

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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 $206,102,473

Program Service Revenue $2,534,814

Investment Income $5,508,702

Other Revenue $0

TOTAL REVENUE $214,145,989

Expense Breakdown

Grants Paid $163,877,379

Salaries & Benefits $32,191,716

Fundraising Expenses $5,873,477

Program Expenses $199,377,128

Other Expenses $14,455,530

TOTAL EXPENSES $212,780,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,145,989	$226,709,408	-0.1%
Expenses	$212,780,417	$220,599,190	0.0%
Net Income	$1,365,572	$6,110,218	-0.8%

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

379

Volunteers

31344

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

$2,442,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth McCarthy	CHIEF EXECUTIVE OFFICER	40.0	Officer	$407,428	$33,804	$441,232
KAREN LEIES	Chief of External Affairs	40.0	Officer	$271,148	$12,822	$283,970
GERALD FRANCIS MALONEY	CFAO	40.0	Officer	$230,108	$34,399	$264,507
TERRENCE WILLIAMS	VP OF HUMAN RESOURCES	40.0	Officer	$223,779	$28,239	$252,018
DAVID GOLDSTEIN	VICE PRESIDENT OF OPERATIONS	40.0	Officer	$232,938	$16,424	$249,362
JEANNIE FOURNIER	VP OF PROGRAMS & Services	40.0	Officer	$203,908	$34,691	$238,599
robert powell	SR.DR INFORMATION TECHNOLOGY	40.0	Highest	$167,593	$40,182	$207,775
NADINE ROSENBAUM-LEHRER	SENIOR DIR, DIR RESPONSE MKT	40.0	Highest	$156,042	$31,837	$187,879
RENEE HELFENSTEIN	Asst. VP of Events, Mktng & Co	40.0	Officer	$169,768	$18,078	$187,846
adele helen latourette	ASST. VP OF POLICY & ADVOCACY	40.0	Officer	$163,811	$17,448	$181,259
ANDREA PETER	Asst. VP, Human resources	40.0	Officer	$172,125	$7,646	$179,771
Rod Januzzi	Senior Director of Facilities	40.0	Highest	$159,560	$17,444	$177,004
OTTO ROBERTS	CONTROLLER	40.0	Highest	$156,524	$17,620	$174,144
JENNIFER NELSON	VP, Network Relations	40.0	Officer	$153,450	$10,707	$164,157
DEBRA SCHEINHOLTZ	DIRECTOR OF CORPORATE RELATION	40.0	Highest	$158,583	$5,001	$163,584
Joseph F Dempsey Jr	Chairperson	1.0	Officer Director	$0	$0	$0
Chris Perry	VICE CHAIRPERSON	1.0	Officer Director	$0	$0	$0
Dan Cregg	Treasurer	1.0	Officer Director	$0	$0	$0
Jill Gateman	Secretary	1.0	Officer Director	$0	$0	$0
Perry Blatt	Director	1.0	Director	$0	$0	$0
Hans Dekker	Director	1.0	Director	$0	$0	$0
Andrew Federbusch	Director	1.0	Director	$0	$0	$0
Antony J Ferolie	Director	1.0	Director	$0	$0	$0
Stacey Goodman	DIRECTOR	1.0	Director	$0	$0	$0
Marina Hong	Director	1.0	Director	$0	$0	$0
Ashley Julmis	Director	1.0	Director	$0	$0	$0
Steven F Jureller	Director	1.0	Director	$0	$0	$0
Kristhina Noguerias	Director	1.0	Director	$0	$0	$0
Sekhar Ramaswamy	Director	1.0	Director	$0	$0	$0
Larry Rogers	Director	1.0	Director	$0	$0	$0
Chuck Salzman	DIRECTOR	1.0	Director	$0	$0	$0
Lindsey Stampone	DIRECTOR	1.0	Director	$0	$0	$0
Jane wilf	DIRECTOR	1.0	Director	$0	$0	$0
AARON WILSON	DIRECTOR	1.0	Director	$0	$0	$0
Dr Josh Ardise	DIRECTOR (EFF. 12/5/2024)	1.0	Director	$0	$0	$0
Wendy Lazarus	DIRECTOR (EFF. 04/25/2025)	1.0	Director	$0	$0	$0
MICHAEL RIMLAND	DIRECTOR (EFF. 04/25/2025)	1.0	Director	$0	$0	$0
JASON READ	DIRECTOR (EFF. 12/5/2024)	1.0	Director	$0	$0	$0
Josh Weinreich	director	1.0	Director	$0	$0	$0
Judith A Spires	director	1.0	Director	$0	$0	$0
RALPH IZZO	DIRECTOR (THRU 11/8/2024)	1.0	Director	$0	$0	$0
HAVEN COCKERHAM	DIRECTOR (THRU 6/18/2025)	1.0	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
2025	$214,145,989	$212,780,417	$125,218,242	$1,365,572
2024	$226,709,408	$220,599,190	$125,089,704	$6,110,218
2023	$192,108,891	$182,292,665	$111,449,457	$9,816,226
2022	$167,266,747	$169,298,029	$94,902,573	$-2,031,282
2021	$212,025,871	$187,136,724	$104,308,845	$24,889,147
2020	$170,586,407	$143,983,021	$67,290,014	$26,603,386
2019	$107,258,419	$99,855,973	$38,352,033	$7,402,446
2018	$89,406,324	$89,565,013	$29,929,939	$-158,689

Community Food Bank Of New Jersey Inc