THURSTON COUNTY FOOD BANK (EIN 237297837) - 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

1972

Legal Domicile

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 THE THURSTON COUNTY FOOD BANK TO END HUNGER WITHIN 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 $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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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

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

$180,968

Total Directors

Key Employees

Highest Compensated

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

THURSTON COUNTY FOOD BANK