FOOD BANK OF THE STATE COLLEGE AREA INC (EIN 251769950) - 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

1992

Legal Domicile

Principal Officer

MELISSA GARVIN

Phone

8142342310

Tax Period

2024-01-01 to 2024-12-31

FOOD BANK OF THE STATE COLLEGE AREA INC, founded in 1992, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 49% operating margin.

Mission

TO PROVIDE FOOD SECURITY, DIRECTLY AND INDIRECTLY, TO PEOPLE IN CENTRE COUNTY.

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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 $3,005,967

Program Service Revenue $0

Investment Income $666,092

Other Revenue $0

TOTAL REVENUE $3,672,059

Expense Breakdown

Grants Paid $855,431

Salaries & Benefits $307,163

Fundraising Expenses $42,899

Program Expenses $1,725,718

Other Expenses $714,145

TOTAL EXPENSES $1,876,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,672,059	$2,883,960	+0.3%
Expenses	$1,876,739	$1,684,320	+0.1%
Net Income	$1,795,320	$1,199,640	+0.5%

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

160

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

$84,685

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENS THORSEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
GAIL HURLEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CINDY POLINSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
ADAM FLEMING	TREASURER	2.00	Officer Director	$0	$0	$0
SERIA CHATTERS	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY ERNICO	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG KOLBE	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN LHOTA	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY LOVISCKY	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI MCTAVISH	BOARD MEMBER	2.00	Director	$0	$0	$0
ROB PANGBORN	BOARD MEMBER	2.00	Director	$0	$0	$0
ALLAYN BECK	EXECUTIVE DIRECTOR	40.00	Officer	$77,479	$7,206	$84,685

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	$3,672,059	$1,876,739	$7,990,017	$1,795,320
2023	$2,883,960	$1,684,320	$7,268,439	$1,199,640
2022	$1,809,698	$1,541,872	$4,891,749	$267,826
2021	$1,821,305	$1,215,232	$4,954,104	$606,073
2020	$2,237,146	$1,328,716	$4,270,502	$908,430
2019	$1,052,911	$436,119	$3,189,715	$616,792
2018	$554,920	$441,610	$2,482,847	$113,310

FOOD BANK OF THE STATE COLLEGE AREA INC