VERMONT FOODBANK

EIN: 223021942 501(c)(3) Food, Agriculture & Nutrition

BARRE, VT

Total Revenue
$35,923,073
Total Expenses
$34,754,340
Total Assets
$35,694,932
Net Assets
$32,215,162
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VT
Principal Officer
LEESA STEWART
Phone
8024763341
Tax Period
2024-10-01 to 2025-09-30

VERMONT FOODBANK, founded in 1989, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $35.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $34.8M left a modest 3% surplus.

Mission

TO GATHER AND SHARE QUALITY FOOD AND NURTURE PARTNERSHIPS SO THAT NO ONE IN VERMONT WILL GO HUNGRY.

Program Service Accomplishments

Program 1
Expenses: $28,702,812 Revenue: $152,772

IN FISCAL YEAR 2025, VERMONT FOODBANK DISTRIBUTED MORE THAN 14.1 MILLION POUNDS OF DONATED FOOD, USDA FOODS, AND PURCHASED FOOD DIRECTLY TO INDIVIDUALS AND TO MORE THAN 220 NETWORK PARTNERS. OF THAT...

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IN FISCAL YEAR 2025, VERMONT FOODBANK DISTRIBUTED MORE THAN 14.1 MILLION POUNDS OF DONATED FOOD, USDA FOODS, AND PURCHASED FOOD DIRECTLY TO INDIVIDUALS AND TO MORE THAN 220 NETWORK PARTNERS. OF THAT, OVER 4.4 MILLION POUNDS OF FRESH FRUITS AND VEGETABLES WERE DISTRIBUTED, AND 50% OF THE FOOD DISTRIBUTED WAS FRESH FOOD (PRODUCE, MEAT, EGGS, AND DAIRY). VERMONT FOODBANK ALSO WORKED WITH ALMOST 225 VERMONT FARMS TO PURCHASE, GATHER AND SHARE CLOSE TO $1.9 MILLION WORTH OF VERMONT-GROWN FOOD. DURING THE SAME PERIOD, THE FOODBANK FUNDED 369 GRANTS TOTALING CLOSE TO $1.3M TO NETWORK AND PROGRAM PARTNER ORGANIZATIONS. THESE GRANTS, WHICH REACHED EVERY COUNTY IN VERMONT, DEEPENED OUR IMPACT AND HELPED SOLVE TARGETED CHALLENGES TO FOOD ACCESS IN LOCAL COMMUNITIES (EXAMPLES INCLUDE INCREASING REFRIGERATION CAPACITY TO ENABLING PURCHASING FRESH PRODUCE FROM LOCAL, SMALL-SCALE FARMS).THE FOODBANK ALSO WORKED WITH 77 PARTNERS, HOUSING SITES, HOSPITALS, AND SCHOOLS TO HOST A TOTAL OF 760 FRESH FOOD DISTRIBUTION EVENTS ACROSS ALL VERMONT COUNTIES, DISTRIBUTING FRESH FOODS TO AN AVERAGE OF MORE THAN 10,000 HOUSEHOLDS A MONTH. THE VERMONT FOODBANK CONTINUES TO SEE INCREASES IN EXPENSES OVER PRE-PANDEMIC BUDGETS, AT THE SAME TIME THAT FEDERAL FOOD AND FUNDS ARE BEING CUT AND POLICY CHANGES ARE MAKING IT HARDER FOR PEOPLE TO MEET BASIC NEEDS, INCREASING THE NEED FOR CHARITABLE FOOD. VERMONT FOODBANK HAS RELIED ON RESERVES TO CONTINUE TO MEET THIS INCREASED LEVEL OF NEED. REVENUE IN FISCAL YEAR 2025 MET PROJECTIONS, MAINLY THROUGH PRIVATE PHILANTHROPY, AND A $1M APPROPRIATION FROM THE STATE OF VERMONT.A 2022 STUDY BY THE UNIVERSITY OF VERMONT SHOWS THAT 2 IN 5 PEOPLE IN VERMONT EXPERIENCED FOOD INSECURITY IN THE 12 MONTHS PRIOR. THIS DATA IS SUPPORTED BY 2023 DATA SHARED BY THE USDA, WHICH ALSO SHOWS A SECOND YEAR IN A ROW OF RISING FOOD INSECURITY RATES. THESE STUDIES SHOW THAT FOOD INSECURITY IS FAR HIGHER THAN THE 9.6% FOOD INSECURITY RATE VERMONT SAW BEFORE THE PANDEMIC, AND ALSO HIGHER THAN AT ANY POINT IN 2020 OR 2021, DURING THE HEIGHT OF THE PANDEMIC IMPACTS. FEDERAL POLICY CHANGES ARE INCREASING FOOD AND ECONOMIC INSECURITY, AND DATA TO MEASURE THE IMPACTS OF THESE CHANGES MAY NOT BE AVAILABLE BY THE FEDERAL GOVERNMENT IN THE FUTURE. THE LEVEL OF NEED IS BEYOND WHAT OUR NETWORK OF COMMUNITY ORGANIZATIONS WAS BUILT TO ADDRESS. THE VERMONT FOODBANK, THE STATE'S ONLY FOOD BANK, IS AN INTEGRAL PART OF VERMONT'S FOOD SECURITY RESPONSE SYSTEM. INCREASED LEVELS OF FOOD INSECURITY OVER THE LAST TWO YEARS HAVE STRAINED RESOURCES AT BOTH VERMONT FOODBANK AND ITS NETWORK OF MORE THAN 220 FOOD ACCESS AGENCIES (FOOD SHELVES, MEAL SITES, ETC.). PHILANTHROPIC SUPPORT REMAINS STRONG, BUT THE RESOURCES NEEDED TO SUSTAIN INCREASED LEVELS OF OPERATIONS ARE OUTPACING FINANCIAL RESOURCES AND FEDERAL CUTS ARE IMPACTING BOTH RESOURCES TO VERMONT FOODBANK AND ITS PARTNERS AS WELL AS INCREASING FOOD INSECURITY FOR PEOPLE IN VERMONT. VERMONT FOODBANK IS ADVOCATING ALONGSIDE PARTNERS FOR INCREASED STATE SUPPORT TO HELP CLOSE THIS GAP.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,685,074
Program Service Revenue $15,975
Investment Income $495,367
Other Revenue $-1,273,343
TOTAL REVENUE $35,923,073

Expense Breakdown

Grants Paid $19,845,703
Salaries & Benefits $8,210,364
Fundraising Expenses $2,096,234
Program Expenses $28,702,812
Other Expenses $6,698,273
TOTAL EXPENSES $34,754,340

Year-over-Year Comparison

2024 2023 Change
Revenue $35,923,073 $31,270,540 +0.1%
Expenses $34,754,340 $35,315,990 0.0%
Net Income $1,168,733 $-4,045,450 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
101
Volunteers
4015

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
10
$1,135,709
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MITZI JOHNSON BOARD CHAIR 2.00
Officer Director
$0 $0 $0
PENROSE JACKSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
AMY MARIE DAVENPORT SECRETARY 2.00
Officer Director
$0 $0 $0
WILL EBERLE TRUSTEE 2.00
Director
$0 $0 $0
MIKE HOURIGAN TRUSTEE 2.00
Director
$0 $0 $0
IAN MACFARLAND TRUSTEE 2.00
Director
$0 $0 $0
JACOB PARK TRUSTEE 2.00
Director
$0 $0 $0
MELISSA ROBERGE TRUSTEE 2.00
Director
$0 $0 $0
LIZ RUFFA TRUSTEE 2.00
Director
$0 $0 $0
ELIZABETH SCHUMACHER TRUSTEE 2.00
Director
$0 $0 $0
FITZROY BECKFORD TRUSTEE 2.00
Director
$0 $0 $0
LYNN ELLEN SCHIMOLLER TRUSTEE 2.00
Director
$0 $0 $0
JOHN SAYLES CHIEF EXECUTIVE OFFICER 40.00
Officer
$178,578 $44,596 $223,174
HILLARY ORSINI CHIEF OF STAFF 40.00
Officer
$123,522 $28,974 $152,496
CHRIS MEEHAN CHIEF COMMUNITY IMPACT OFFICER 40.00
Officer
$117,594 $40,348 $157,942
JASON MARING CHIEF OPERATIONS OFFICER 40.00
Officer
$122,348 $39,765 $162,113
LEESA STEWART CHIEF FINANCIAL OFFICER 40.00
Officer
$127,660 $17,429 $145,089
MONICA URQUHART CHIEF EQUITY PEOPLE/CULTURE OFFICER 40.00
Officer
$126,989 $39,256 $166,245
SARAH KEBLIN CHIEF PHILANTHROPY OFFICER 40.00
Officer
$123,037 $5,613 $128,650
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 $35,923,073 $34,754,340 $35,694,932 $1,168,733
2024 $31,270,540 $35,315,990 $34,865,077 $-4,045,450
2023 $34,063,087 $36,682,200 $35,746,376 $-2,619,113
2022 $36,820,063 $35,115,913 $37,316,599 $1,704,150
2021 $50,152,047 $38,488,441 $36,203,643 $11,663,606
2020 $44,488,536 $34,429,581 $24,950,498 $10,058,955
2019 $26,613,438 $23,606,024 $14,785,742 $3,007,414
2018 $26,677,382 $24,834,924 $11,007,152 $1,842,458
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