Feeding the Carolinas

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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

2010

Legal Domicile

Principal Officer

Ann Edmondson

Phone

3362986604

Tax Period

2024-07-01 to 2025-06-30

Feeding the Carolinas, founded in 2010, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $17.2M in total revenue in fiscal year 2024. Revenue surged 167% from the prior year, signaling strong growth momentum.

Mission

The mission of the Organization is to coordinate, support, and advocate for member Food Banks across the Carolinas to create lasting solutions to address hunger.

Program Service Accomplishments

Program 1

Expenses: $17,137,376 Revenue: $427,100

All activities relate to enhancing the ability and efficiency of the food bank members to solicit and distribute food and grocery products for those in need. Our Farm to Food Bank program provided...

All activities relate to enhancing the ability and efficiency of the food bank members to solicit and distribute food and grocery products for those in need. Our Farm to Food Bank program provided over 46 million pounds of produce to our food banks to distribute to those in need. Feeding the Carolinas coordinated a network-wide response to the largest disaster in our networks history, Hurricane Helene, providing emergency food aid to tens of thousands of Carolinians, as well as funds for rebuilding and recovery to the charitable food network in North and South Carolina.

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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 $16,732,156

Program Service Revenue $427,100

Investment Income $14,198

Other Revenue $17,946

TOTAL REVENUE $17,191,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $524,801

Fundraising Expenses $80,203

Program Expenses $17,137,376

Other Expenses $699,951

TOTAL EXPENSES $17,409,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,191,400	$6,427,363	+1.7%
Expenses	$17,409,496	$5,865,273	+2.0%
Net Income	$-218,096	$562,090	-1.4%

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

$139,621

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Darrow through May 2025	Executive Director	040.00	Officer	$121,523	$18,098	$139,621
Eric Aft	Chair	002.00	Officer Director	$0	$0	$0
Claire Neal	Secretary	002.00	Officer Director	$0	$0	$0
Erinn Rowe	Treasurer	002.00	Officer Director	$0	$0	$0
Nick Osborne	Vice Chair	002.00	Officer Director	$0	$0	$0
Ron Pringle	Director	001.00	Director	$0	$0	$0
Liz Reasoner	Director	001.00	Director	$0	$0	$0
Amy Breitmann	Director	001.00	Director	$0	$0	$0
Amy Beros	Director	001.00	Director	$0	$0	$0
Kay Carter	Director	001.00	Director	$0	$0	$0
Lonnie Ballard	Director	001.00	Director	$0	$0	$0
Charlie Hale through December 2024	Director	001.00	Director	$0	$0	$0

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	$17,191,400	$17,409,496	$4,801,591	$-218,096
2024	$6,427,363	$5,865,273	$2,025,625	$562,090
2023	$1,046,898	$1,012,482	$1,399,099	$34,416
2022	$1,105,872	$743,500	$1,330,314	$362,372
2021	$2,848,131	$3,088,309	$945,910	$-240,178
2020	$8,464,926	$7,772,357	$1,177,389	$692,569
2019	$1,603,302	$1,461,476	$425,739	$141,826
2018	$912,444	$779,341	$287,877	$133,103