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

VERMONT FOODBANK IS THE STATE'S ONLY FOOD BANK AND AN INDEPENDENT NONPROFIT THAT IS PART OF THE FEEDING AMERICA NETWORK. OUR MISSION IS TO GATHER AND SHARE QUALITY FOOD AND NURTURE PARTNERSHIPS SO THAT NO ONE IN VERMONT WILL GO HUNGRY. WE PROVIDE NOURISHING FOOD THROUGH A NETWORK OF MORE THAN 360 PARTNERS FOOD SHELVES, MEAL SITES, SCHOOLS, HOSPITALS, AND HOUSING SITES. FOOD INSECURITY HAS INCREASED IN RECENT YEARS AS A RESULT OF COMPOUNDING ECONOMIC IMPACTS AND VERMONT FOODBANK HAS BEEN ON THE FRONT LINES, WORKING TO ENSURE THAT EVERYONE HAS THE FOOD THEY NEED.

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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%)

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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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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

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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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