IOWA FOOD BANK ASSOCIATION (EIN 271554605) - 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

2009

Legal Domicile

Principal Officer

KATIE SORRELL

Phone

3193615483

Tax Period

2024-07-01 to 2025-06-30

IOWA FOOD BANK ASSOCIATION, founded in 2009, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $549K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $701K exceeded revenue, resulting in a 28% operating deficit.

Mission

ALLEVIATE HUNGER BY SUPPORTING FEEDING AMERICA FOOD BANKS IN IOWA.

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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 $433,566

Program Service Revenue $110,000

Investment Income $5,891

Other Revenue $0

TOTAL REVENUE $549,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,775

Fundraising Expenses $0

Program Expenses $461,964

Other Expenses $606,122

TOTAL EXPENSES $700,897

Year-over-Year Comparison

	2024	2023	Change
Revenue	$549,457	$749,057	-0.3%
Expenses	$700,897	$1,040,507	-0.3%
Net Income	$-151,440	$-291,450	-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

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

$85,177

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM GUARDADO	CHAIR	1.00	Officer Director	$0	$0	$0
BARB PRATHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JACOB WANDERSCHEID	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN BARKS	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS FORD	BOARD MEMBER	0.50	Director	$0	$0	$0
TAMI NIELSEN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHELLE BOOK	BOARD MEMBER (END 12/2024)	0.50	Director	$0	$0	$0
LINDA GORKOW	EXECUTIVE DIRECTOR (END 11/2025)	40.00	Officer	$85,177	$0	$85,177

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	$549,457	$700,897	$418,052	$-151,440
2024	$749,057	$1,040,507	$512,053	$-291,450
2023	$1,237,177	$750,757	$811,577	$486,420
2022	$580,338	$565,953	$392,519	$14,385
2021	$7,378,627	$7,402,709	$326,466	$-24,082
2020	$1,165,929	$1,113,945	$717,662	$51,984
2019	$326,223	$315,361	$218,276	$10,862
2018	$370,860	$381,042	$217,531	$-10,182

IOWA FOOD BANK ASSOCIATION