FREESTORE FOODBANK INC (EIN 237122205) - 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

1971

Legal Domicile

Principal Officer

KURT REIBER

Phone

5134824500

Tax Period

2024-07-01 to 2025-06-30

FREESTORE FOODBANK INC, founded in 1971, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $87.6M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

IMPROVE LIVES BY ELIMINATING HUNGER IN PARTNERSHIP WITH OUR COMMUNITY.

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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 $81,654,589

Program Service Revenue $5,362,258

Investment Income $637,558

Other Revenue $-25,010

TOTAL REVENUE $87,629,395

Expense Breakdown

Grants Paid $357,748

Salaries & Benefits $12,454,124

Fundraising Expenses $2,683,824

Program Expenses $81,455,449

Other Expenses $74,074,456

TOTAL EXPENSES $87,972,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,629,395	$94,237,479	-0.1%
Expenses	$87,972,100	$95,805,483	-0.1%
Net Income	$-342,705	$-1,568,004	-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

156

Volunteers

12460

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

$1,168,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIENNE HENIZE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEN AMINI	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN REED	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE LILLY CONE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB BAER	BOARD MEMBER (RESIGNED 1/23/25)	1.00	Director	$0	$0	$0
BRETT BLACKWELL	BOARD MEMBER (RESIGNED 1/23/25)	1.00	Director	$0	$0	$0
BROOKE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
CASSANDRA BARHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMON ALLEN	BOARD MEMBER (RESIGNED 1/23/25)	1.00	Director	$0	$0	$0
DAVID FREITAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
DICK ROSENTHAL	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM DRESSMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE ALTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE MCGEHEE	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA SAMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTY DUNN	IMMEDIATE PAST BOARD CHAIR	1.00	Director	$0	$0	$0
MEGHAN MULLIKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA KLEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA NEISES	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY ZINK	BOARD MEMBER	1.00	Director	$0	$0	$0
RAMON RODRIGUEZ	BOARD MEMBER (RESIGNED 1/23/25)	1.00	Director	$0	$0	$0
RICH VAUGHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE BAGGOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM KIRKWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
WARREN WEBER	BOARD MEMBER (RESIGNED 1/23/25)	1.00	Director	$0	$0	$0
DWINELVA ZACKERY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ERIC KEARNEY	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE HAUGHT	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
JENNY BERG	VICE CHAIR - GOVERNANCE	1.00	Officer Director	$0	$0	$0
HENRY KARAMANOUKIAN	VICE CHAIR - DEVELOPMENT	1.00	Officer Director	$0	$0	$0
KURT REIBER	CEO / PRESIDENT	40.00	Officer	$351,110	$40,966	$392,076
TIMOTHY WEIDNER	CHIEF FINANCIAL OFFICER	40.00	Officer	$268,463	$36,737	$305,200
TRISHA RAYNER	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$232,200	$11,800	$244,000
VALARIE BOYKINS	VP OF HUMAN RESOURCES	40.00	Officer	$192,422	$34,602	$227,024
AARON GINN	DIRECTOR OF SUPPLY CHAIN	40.00	Highest	$120,491	$32,928	$153,419
ANTHONY LAVATORI	DIRECTOR OF WORKFORCE DEVELOPMENT	40.00	Highest	$114,542	$29,296	$143,838
MICHAEL CLAY	DIRECTOR OF DEVELOPMENT OPERATIONS	40.00	Highest	$113,715	$24,227	$137,942
ANGELA KING	DIRECTOR OF SOCIAL SERVICES	40.00	Highest	$113,780	$6,339	$120,119
JENNIFER EMERSON	CONTROLLER	40.00	Highest	$112,764	$33,482	$146,246

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	$87,629,395	$87,972,100	$72,333,367	$-342,705
2024	$94,237,479	$95,805,483	$72,580,340	$-1,568,004
2023	$74,253,901	$70,533,474	$75,560,060	$3,720,427
2022	$78,676,919	$89,645,569	$64,026,433	$-10,968,650
2021	$84,720,917	$79,235,084	$43,700,173	$5,485,833
2020	$97,960,080	$71,309,298	$37,972,513	$26,650,782
2019	$67,509,694	$66,463,548	$9,896,818	$1,046,146
2018	$58,482,890	$58,136,303	$9,075,345	$346,587

FREESTORE FOODBANK INC