THURSTON COUNTY FOOD BANK

EIN: 237297837 501(c)(3) Food, Agriculture & Nutrition

OLYMPIA, WA

Total Revenue
$16,688,458
Total Expenses
$16,578,088
Total Assets
$16,334,230
Net Assets
$15,982,690
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
WA
Principal Officer
BRUCE WOLLSTEIN
Phone
3603528597
Tax Period
2024-01-01 to 2024-12-31

THURSTON COUNTY FOOD BANK, founded in 1972, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $16.7M in total revenue in fiscal year 2024.

Mission

IT IS THE MISSION OF THRUSTON COUNTY FOOD BANK TO END HUNGER WITHIN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $7,655,994

FOR OVER 50 YEARS, THE THURSTON COUNTY FOOD BANK HAS SERVED THE COMMUNITY WITH THE MISSION TO ELIMINATE HUNGER IN THE SPIRIT OF NEIGHBOR HELPING NEIGHBOR. THROUGH A NETWORK OF PANTRIES, SATELLITE...

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FOR OVER 50 YEARS, THE THURSTON COUNTY FOOD BANK HAS SERVED THE COMMUNITY WITH THE MISSION TO ELIMINATE HUNGER IN THE SPIRIT OF NEIGHBOR HELPING NEIGHBOR. THROUGH A NETWORK OF PANTRIES, SATELLITE LOCATIONS, AND COMMUNITY PARTNERSHIPS, WE WORK TO ENSURE THAT INDIVIDUALS AND FAMILIES HAVE ACCESS TO NUTRITIOUS FOOD AND ESSENTIAL RESOURCES. BY PRIORITIZING DIGNITY, ACCESSIBILITY, AND EFFICIENCY, WE STRIVE TO REMOVE BARRIERS TO FOOD SECURITY AND CREATE A HEALTHIER, MORE RESILIENT COMMUNITY. IN 2024, THURSTON COUNTY FOOD BANK'S PANTRY LOCATIONS SERVED OVER 37,723 INDIVIDUALS, PROVIDING RELIABLE ACCESS TO NUTRITIOUS FOOD AND ESSENTIAL ITEMS. AS THE NEED FOR FOOD ASSISTANCE CONTINUES TO GROW, OUR PANTRIES REMAIN A VITAL RESOURCE FOR INDIVIDUALS AND FAMILIES SEEKING SUPPORT.

Program 2
Expenses: $1,630,475

OUR SATELLITE DISTRIBUTION PROGRAM CONTINUES TO GROW, REACHING OVER 14,872 INDIVIDUALS. BY ESTABLISHING AND STRENGTHENING THESE DISTRIBUTION SITES, WE HAVE IMPROVED ACCESSIBILITY FOR THOSE FACING...

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OUR SATELLITE DISTRIBUTION PROGRAM CONTINUES TO GROW, REACHING OVER 14,872 INDIVIDUALS. BY ESTABLISHING AND STRENGTHENING THESE DISTRIBUTION SITES, WE HAVE IMPROVED ACCESSIBILITY FOR THOSE FACING TRANSPORTATION CHALLENGES AND OTHER BARRIERS, ENSURING THAT MORE PEOPLE CAN ACCESS THE FOOD THEY NEED IN THEIR OWN COMMUNITIES. IN 2024, WE ALSO INCORPORATED OTHER BANK SERVICES INTO OUR HOME DELIVERY PROGRAM FOR SENIORS AND FAMILIES IN TUMWATER. THIS EXPANSION PROVIDED ESSENTIAL HYGIENE AND HOUSEHOLD PRODUCTS TO THOSE UNABLE TO VISIT OUR LOCATIONS, IMPROVING THEIR OVERALL WELL-BEING AND MAINTAINING OUR COMMITMENT TO OFFERING COMPREHENSIVE SUPPORT BEYOND FOOD ASSISTANCE.

Program 3
Expenses: $6,648,868

AS A REGIONAL DISTRIBUTION ORGANIZATION (RDO), WE DISTRIBUTED 3,489,900 POUNDS OF FOOD IN COLLABORATION WITH 63 PARTNER ORGANIZATIONS. THIS LARGE-SCALE EFFORT PLAYED A CRUCIAL ROLE IN STRENGTHENING...

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AS A REGIONAL DISTRIBUTION ORGANIZATION (RDO), WE DISTRIBUTED 3,489,900 POUNDS OF FOOD IN COLLABORATION WITH 63 PARTNER ORGANIZATIONS. THIS LARGE-SCALE EFFORT PLAYED A CRUCIAL ROLE IN STRENGTHENING FOOD SECURITY INITIATIVES ACROSS OUR 4 COUNTY REGION, ENSURING THAT FOOD BANKS, PANTRIES, AND COMMUNITY ORGANIZATIONS HAD THE RESOURCES NEEDED TO SERVE THEIR CLIENTS EFFECTIVELY. THROUGH OUR RDO WORK, WE RECORDED OVER 563,000 INDIVIDUAL VISITS TO OUR 63 PARTNER ORGANIZATIONS, HIGHLIGHTING THE INCREASING DEMAND FOR FOOD AND ESSENTIAL SERVICES. AS WE CONTINUE TO SERVE THE COMMUNITY, THE THURSTON COUNTY FOOD BANK REMAINS DEDICATED TO ADDRESSING FOOD INSECURITY WITH DIGNITY AND EFFICIENCY, CONTINUALLY ADAPTING TO MEET THE EVOLVING NEEDS OF OUR COMMUNITY.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,540,313
Program Service Revenue $0
Investment Income $91,352
Other Revenue $56,793
TOTAL REVENUE $16,688,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,640,721
Fundraising Expenses $196,042
Program Expenses $15,935,337
Other Expenses $13,937,367
TOTAL EXPENSES $16,578,088

Year-over-Year Comparison

2024 2023 Change
Revenue $16,688,458 $16,521,219 +0.0%
Expenses $16,578,088 $15,619,399 +0.1%
Net Income $110,370 $901,820 -0.9%
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
44
Volunteers
3055

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
6
$180,968
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE WOLLSTEIN PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
STEVE HALL TREASURER 10.00
Officer Director
$0 $0 $0
GLENN WAUGH SECRETARY 2.50
Officer Director
$0 $0 $0
MARIEL PLAEGER-BROCKWAY DIRECTOR 2.00
Director
$0 $0 $0
KALO WILCOX DIRECTOR 1.00
Director
$0 $0 $0
BRAD HOOPER DIRECTOR 1.00
Director
$0 $0 $0
JEANNE ENGLERT DIRECTOR 1.00
Director
$0 $0 $0
JEFF KOPP DIRECTOR 1.00
Director
$0 $0 $0
PAM BROKAW DIRECTOR 1.00
Director
$0 $0 $0
MEGAN HUBBARD VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
NAKI STEVENS DIRECTOR 2.00
Director
$0 $0 $0
PHILLIP KERRIGAN PRESIDENT 2.00
Officer Director
$0 $0 $0
KRIS ZABRISKIE-OLSON DIRECTOR 2.00
Director
$0 $0 $0
JAISON KANG CEO 40.00
Officer
$168,826 $12,142 $180,968
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 $16,688,458 $16,578,088 $16,334,230 $110,370
2023 $16,521,219 $15,619,399 $16,271,382 $901,820
2022 $11,606,451 $11,614,573 $15,266,827 $-8,122
2021 $14,632,997 $11,978,614 $15,377,704 $2,654,383
2020 $20,157,910 $15,265,889 $12,807,015 $4,892,021
2019 $10,048,548 $8,997,435 $7,759,317 $1,051,113
2018 $9,045,788 $8,891,114 $6,702,814 $154,674
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