FRIENDLY HANDS FOOD BANK INC (EIN 311639994) - 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

1998

Legal Domicile

Phone

8604823338

Tax Period

2024-01-01 to 2024-12-31

FRIENDLY HANDS FOOD BANK INC, founded in 1998, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 203% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 83% operating margin.

Mission

FOOD BANK FOR RELIEF TO FAMILIES

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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 $1,500,333

Program Service Revenue $0

Investment Income $5,607

Other Revenue $30,637

TOTAL REVENUE $1,536,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,344

Fundraising Expenses $14,023

Program Expenses $223,753

Other Expenses $97,620

TOTAL EXPENSES $259,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,536,577	$506,637	+2.0%
Expenses	$259,964	$231,706	+0.1%
Net Income	$1,276,613	$274,931	+3.6%

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

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

$68,813

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
KAREN THOMAS	EXECTUTIVE DIRECTOR	Key Emp	$68,813	$0	$68,813
STAURT GERO	DIRECTOR	Director	$0	$0	$0
SHARI PICARD	DIRECTOR	Director	$0	$0	$0
MICHELLE COOK	DIRECTOR	Director	$0	$0	$0
HOLLY KILGORE	DIRECTOR	Director	$0	$0	$0
SCOTT BRADY	DIRECTOR	Director	$0	$0	$0
CORYSE VILLAROUEL	DIRECTOR	Director	$0	$0	$0
DAN FISHER	DIRECTOR	Director	$0	$0	$0
DAN HARTNETT	PRESIDENT	Officer	$0	$0	$0
DONNA BATTISTONI	SECRETARY	Officer	$0	$0	$0
LISA GOSSELIN	TREASURER	Officer	$0	$0	$0
DANA FOSTER	VICE PRESIDENT	Officer	$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	$1,536,577	$259,964	$1,790,468	$1,276,613
2023	$506,637	$231,706	$513,855	$274,931
2022	$230,959	$195,146	$370,201	$35,813
2021	$247,714	$208,755	$342,963	$38,959
2020	$344,450	$157,909	$304,004	$186,541

FRIENDLY HANDS FOOD BANK INC