CORWINE FOUNDATION INC C/O FREESTORE FOODBANK (EIN 311243534) - 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

1988

Legal Domicile

Principal Officer

KURT REIBER

Phone

5134824500

Tax Period

2024-07-01 to 2025-06-30

CORWINE FOUNDATION INC C/O FREESTORE FOODBANK, founded in 1988, is a small nonprofit that reported $452K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 15% operating margin.

Mission

THE REAL ESTATE HOLDING COMPANY FOR FREESTORE FOODBANK, INC.

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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 $0

Program Service Revenue $398,064

Investment Income $40,364

Other Revenue $13,788

TOTAL REVENUE $452,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $382,917

TOTAL EXPENSES $382,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$452,216	$268,491	+0.7%
Expenses	$382,917	$394,346	0.0%
Net Income	$69,299	$-125,855	-1.6%

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

N/A

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

$697,276

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGIE GATES	DIRECTOR	1.00	Director	$0	$0	$0
GRANT HESSER	DIRECTOR	1.00	Director	$0	$0	$0
MARTY DUNN	DIRECTOR	1.00	Director	$0	$0	$0
PAULA NEISES	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM KIRKWOOD	DIRECTOR	1.00	Director	$0	$0	$0
TOM POWERS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KURT REIBER	CEO / PRESIDENT	1.00	Officer	$0	$40,966	$392,076
TIMOTHY WEIDNER	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$36,737	$305,200

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	$452,216	$382,917	$6,520,352	$69,299
2024	$268,491	$394,346	$6,601,310	$-125,855
2023	$3,002,170	$4,411,859	$6,582,349	$-1,409,689
2022	$548,998	$2,172,412	$7,985,808	$-1,623,414
2021	$548,998	$702,196	$9,612,217	$-153,198
2020	$545,898	$695,458	$9,762,561	$-149,560
2019	$529,798	$663,317	$9,977,544	$-133,519
2018	$531,004	$646,485	$10,055,697	$-115,481

CORWINE FOUNDATION INC C/O FREESTORE FOODBANK