SOUTH WHIDBEY GOOD CHEER

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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

1962

Legal Domicile

Principal Officer

ARWEN NORMAN

Phone

3602216454

Tax Period

2023-01-01 to 2023-12-31

SOUTH WHIDBEY GOOD CHEER, founded in 1962, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $263K, a strong 17% operating margin.

Mission

SOUTH WHIDBEY GOOD CHEER IS COMMITTED TO CREATING A HUNGER-FREE COMMUNITY BECAUSE WE BELIEVE THAT ALL PEOPLE DESERVE FOOD TO NOURISH AND SUSTAIN THEM REGARDLESS OF IDENTITY, SOCIOECONOMIC STATUS, OR CIRCUMSTANCE. WE SHARE HEALTY FOOD AND SUSTAINING RESOURCES WITH COMPASSION AND DIGNITY FOR ALL, PROVIDING ACCESS TO BASIC HUMAN NEEDS THROUGH OUR FOOD BANK, GARDENS, THRIFT STORES, AND REFERRALS TO OTHER SERVICES. IN ADDITION TO ADDRESSING THE PHYSICAL ASPECTS OF HUNGER AND NEED, EACH OF THE COMPONENTS OF OUR ORGANIZATION SERVES AS A SPACE FOR COMMUNITY PARTICIPATION. GOOD CHEER IS SUPPORTED BY, AND BENEFITS, COMMUNITY MEMBERS ACTING AS VOLUNTEERS, DONORS, AND RECIPIENTS IN A SHARED CYCLE OF GIVING AND RECEIVING.

Program Service Accomplishments

Program 1

Expenses: $1,069,981 Revenue: $550,435

GOOD CHEER PROVIDES ACCESS TO BASIC HUMAN NEEDS THROUGH FOUR KEY EFFORTS: OUR FOOD BANK UTILIZES A POINTS-BASED SHOPPING SYSTEM WHERE CLIENTS SELF-SELECT ITEMS JUST AS THEY WOULD AT A GROCERY STORE TO EMPOWER CHOICE AND PRESERVE DIGNITY. OUR THRIFT STORES RECYCLE DONATED CLOTHING AND HOUSEHOLD GOODS BACK TO THE COMMUNITY AT AFFORDABLE PRICES WHILE ALSO GENERATING REVENUE TO HELP FUND THE FOOD BANK. OUR GARDENS PRODUCE 15,000 LBS OF FRUITS AND VEGETABLES EACH YEAR, HELPING TO ENSURE THAT FOOD BANK CENTER ASSISTS FOOD BANK SHOPPERS WITH IDENTIFYING AND ACCESSING ADDITIONAL SOCIAL SERVICES AVAILABLE TO HELP THEM ADDRESS ADDITIONAL CHALLENGES THAT LEAD TO, OR EXACERBATE, HUNGER. MAJOR ACCOMPLISHMENTS IN 2023: DISTRIBUTED MORE THAN 310,000 LBS OF FOOD TO 2621 INDIVIDUALS. ASSISTED FOOD BANK SHOPPERS UNABLE TO PICK UP GROCIRIES FOR THEMSELVES WITH 75 DELIVERIES. CULTIVATED MORE THAN 17,000 LBS OF FRESH FRUITS AND VEGETABLES IN ON-SITE GARDENS FOR DISTRIBUTION TO FOOD BANK SHOPPERS. HOSTED REPRESENTATIVES FROM PARTNER ORGANIZATIONS ON 77 OCCASIONS FOR CLIENT REFERRALS TO OTHER SERVICES IN OUR COMMUNITY CONNECTION CENTER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $964,863

Program Service Revenue $0

Investment Income $38,353

Other Revenue $550,435

TOTAL REVENUE $1,553,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $868,714

Fundraising Expenses $113,567

Program Expenses $1,069,981

Other Expenses $422,237

TOTAL EXPENSES $1,290,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,553,651	$1,448,474	+0.1%
Expenses	$1,290,951	$1,168,933	+0.1%
Net Income	$262,700	$279,541	-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

199

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

Total Directors

Key Employees

$59,927

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY ROEBEN	PRESIDENT	16.00	Officer Director	$0	$0	$0
SUSAN GAUMER	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA JESPERSON	SECRETARY	0.50	Officer Director	$0	$0	$0
ARWEN NORMAN	TREASURER	6.00	Officer Director	$0	$0	$0
WENDY VISCONTY	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN PETERSON	DIRECTOR	0.50	Director	$0	$0	$0
JOHN LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN SEMAS	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN STEVENS	DIRECTOR	3.00	Director	$0	$0	$0
CAROL MCMULLEN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
CINDY BOONE	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN AYLWARD	DIRECTOR	0.50	Director	$0	$0	$0
KAREN KORBELIK	EXECUTIVE DIRECTOR	40.00	Key Emp	$59,927	$0	$59,927

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
2024	No data	No data	No data	No data
2023	$1,553,651	$1,290,951	$3,522,495	$262,700
2022	$1,448,474	$1,168,933	$3,250,836	$279,541
2021	$1,836,120	$992,457	$3,145,477	$843,663
2020	$1,754,295	$1,101,852	$2,636,598	$652,443
2019	$1,467,312	$1,462,187	$1,673,138	$5,125
2018	$1,443,909	$1,285,686	$1,660,889	$158,223
2018	$1,443,909	$1,285,686	$1,660,889	$158,223