Good Shepherd Food Bank (EIN 222986809) - 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

1981

Legal Domicile

Principal Officer

Heather Paquette

Phone

2077823554

Tax Period

2024-07-01 to 2025-06-30

Good Shepherd Food Bank, founded in 1981, is a major nonprofit in the Food, Agriculture & Nutrition sector that reported $104.5M in total revenue in fiscal year 2024.

Mission

Reduce food insecurity in Maine through food distribution and community partnerships.

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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 $99,030,439

Program Service Revenue $4,644,925

Investment Income $815,578

Other Revenue $0

TOTAL REVENUE $104,490,942

Expense Breakdown

Grants Paid $4,234,716

Salaries & Benefits $8,962,072

Fundraising Expenses $2,845,616

Program Expenses $102,688,542

Other Expenses $93,373,073

TOTAL EXPENSES $107,576,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,490,942	$99,656,038	+0.0%
Expenses	$107,576,873	$102,360,072	+0.1%
Net Income	$-3,085,931	$-2,704,034	+0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

990

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

$411,016

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Bennett	Director	1.00	Director	$0	$0	$0
Tae Chong	Director	1.00	Director	$0	$0	$0
Chris Bonacci	Director	1.00	Director	$0	$0	$0
Christine Cummings	Director	1.00	Director	$0	$0	$0
Michelle Draeger	Director	1.00	Director	$0	$0	$0
Peter Forester	Director	1.00	Director	$0	$0	$0
Jason Fournier	Director	1.00	Director	$0	$0	$0
Whitney Gould-Cookson	Director	1.00	Director	$0	$0	$0
Marwa Hassanien	Director	1.00	Director	$0	$0	$0
Dora Ann Mills	Director	1.00	Director	$0	$0	$0
Susan Norton	Director	1.00	Director	$0	$0	$0
Frank Pecoraro	Director	1.00	Director	$0	$0	$0
Odette Perriel	Director	1.00	Director	$0	$0	$0
Victoria W Rogers	Director	1.00	Director	$0	$0	$0
Andrea Sockabasin	Director	1.00	Director	$0	$0	$0
Mary Wright	Director	1.00	Director	$0	$0	$0
Scott Maker	Chair	2.00	Officer Director	$0	$0	$0
Kate Rush	Vice Chair	2.00	Officer Director	$0	$0	$0
Peter Richardson	Treasurer	2.00	Officer Director	$0	$0	$0
Mary Wright	Secretary	2.00	Officer Director	$0	$0	$0
Heather Paquette	President	38.00	Officer	$168,600	$56,937	$225,537
Bryan O'Connor	Chief Fiancial Officer (end 1/2025)	37.00	Officer	$140,940	$44,539	$185,479
Bethany Benton	Chief Fiancial Officer (start 4/25)	37.00	Officer	$0	$0	$0
Matt Chin	President, Harvesting Good(end 2/25)	0.00	Highest	$123,894	$41,817	$165,711
George Fox	Chief Supply Chain Officer	40.00	Highest	$132,263	$26,362	$158,625
Nicole Nadeau	Chief People Officer	40.00	Highest	$116,267	$28,259	$144,526

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	$104,490,942	$107,576,873	$44,798,037	$-3,085,931
2024	$99,656,038	$102,360,072	$48,213,426	$-2,704,034
2023	$78,671,561	$85,869,468	$49,380,877	$-7,197,907
2022	$81,382,745	$76,370,570	$53,999,694	$5,012,175
2021	$114,090,415	$82,773,043	$55,473,502	$31,317,372
2020	$69,626,051	$60,940,263	$25,546,371	$8,685,788
2019	$58,382,901	$57,450,634	$16,394,142	$932,267

Good Shepherd Food Bank