Lake Chelan Food Bank (EIN 300843675) - 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

2014

Legal Domicile

Principal Officer

Jim Batdorf

Phone

2069090850

Tax Period

2024-01-01 to 2024-12-31

Lake Chelan Food Bank, founded in 2014, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $301K in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $244K, a strong 81% operating margin.

Mission

The mission of Lake Chelan Food Bank is to treat each person we serve with dignity and respect and to provide balanced and varied options that give each person the liberty to meet the specific food needs for themsevles and/or their family.

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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 $178,324

Program Service Revenue $122,302

Investment Income $0

Other Revenue $0

TOTAL REVENUE $300,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,822

Other Expenses $56,379

TOTAL EXPENSES $56,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,626	$162,270	+0.9%
Expenses	$56,379	$28,956	+0.9%
Net Income	$244,247	$133,314	+0.8%

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Batdorf	President	2.00	Director	$0	$0	$0
Sue Nadon	Vice President	2.00	Director	$0	$0	$0
Kathy Stephenson	Secretary	2.00	Director	$0	$0	$0
Pat Badorf	Treasurer	2.00	Director	$0	$0	$0
Loretta Crumbliss	Treasurer	2.00	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
2024	$300,626	$56,379	$1,145,653	$244,247
2023	$162,270	$28,956	$889,501	$133,314
2022	$135,821	$29,928	$756,187	$105,893
2021	$233,584	$23,809	$650,294	$209,775
2020	$274,071	$19,026	$440,519	$255,045

Lake Chelan Food Bank