GLEANERS FOOD BANK OF INDIANA INC (EIN 351483868) - 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

1980

Legal Domicile

Principal Officer

GEORGE FREDRICK GLASS

Phone

3179250191

Tax Period

2024-10-01 to 2025-09-30

GLEANERS FOOD BANK OF INDIANA INC, founded in 1980, is a major nonprofit that reported $155.8M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $150.8M left a modest 3% surplus.

Mission

GLEANERS' MISSION IS TO BE A LEADER IN THE FIGHT AGAINST HUNGER

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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 $151,032,013

Program Service Revenue $1,483,653

Investment Income $864,950

Other Revenue $2,389,787

TOTAL REVENUE $155,770,403

Expense Breakdown

Grants Paid $116,417,351

Salaries & Benefits $14,429,040

Fundraising Expenses $3,235,488

Program Expenses $144,901,152

Other Expenses $19,915,478

TOTAL EXPENSES $150,761,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,770,403	$166,576,410	-0.1%
Expenses	$150,761,869	$159,618,635	-0.1%
Net Income	$5,008,534	$6,957,775	-0.3%

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

138

Volunteers

21003

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

$722,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE FREDERICK GLASS	PRESIDENT/CEO	50.00	Officer	$383,631	$15,508	$399,139
JOSEPH SLATER	CFO (1/24-11/24)/COO	50.00	Officer	$295,804	$19,570	$315,374
MELISSA HILL	CHIEF HR AND ADMIN OFFICER	50.00	Highest	$184,190	$18,264	$202,454
GAIL LOWRY	CHIEF PHILANTHROPY OFFICER	50.00	Highest	$185,758	$11,829	$197,587
SARAH ESTELL	CHIEF COMMUNICATIONS & ADV	50.00	Highest	$165,136	$14,947	$180,083
TIFFANY STEAD	DIRECTOR OF FINANCE	50.00	Highest	$165,452	$9,505	$174,957
SHAWNA CALDWELL SIMS	CHIEF PROGRAMS OFFICER	50.00	Highest	$154,749	$13,332	$168,081
VALERIE HUNT	CFO (12/24-7/25)	50.00	Officer	$8,461	$0	$8,461
GREG FENNIG	CHAIRPERSON	0.85	Officer Director	$0	$0	$0
KAREN ANN LLOYD	VICE CHAIR	0.85	Officer Director	$0	$0	$0
SABINE KARNER	TREASURER	0.85	Officer Director	$0	$0	$0
CHRISTINA HAGE	SECRETARY	0.85	Officer Director	$0	$0	$0
ASHISH BATRA	BOARD MEMBER	0.85	Director	$0	$0	$0
DARILYN BEDEL	BOARD MEMBER	0.85	Director	$0	$0	$0
AMY DAVID	BOARD MEMBER	0.85	Director	$0	$0	$0
ERIN DORSEY	BOARD MEMBER	0.85	Director	$0	$0	$0
ERIN DRAKE	BOARD MEMBER	0.85	Director	$0	$0	$0
BUD GRAESSLE	BOARD MEMBER	0.85	Director	$0	$0	$0
PAUL HALVERSON	BOARD MEMBER	0.85	Director	$0	$0	$0
LISA HARRIS MD	BOARD MEMBER	0.85	Director	$0	$0	$0
COLLEEN JUERGENSEN	BOARD MEMBER	0.85	Director	$0	$0	$0
CHAD MAYER	BOARD MEMBER	0.85	Director	$0	$0	$0
MOLLY MCCULLY HARMON	BOARD MEMBER	0.85	Director	$0	$0	$0
GEORGIANA REYNAL	BOARD MEMBER	0.85	Director	$0	$0	$0
DEON ROWIE	BOARD MEMBER	0.85	Director	$0	$0	$0
BILL STANCZYKIEWICZ	BOARD MEMBER	0.85	Director	$0	$0	$0
SARA TAIT	BOARD MEMBER	0.85	Director	$0	$0	$0
KELLI TOWLES	BOARD MEMBER	0.85	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	$155,770,403	$150,761,869	$82,806,404	$5,008,534
2024	$166,576,410	$159,618,635	$77,182,407	$6,957,775
2023	$187,397,959	$183,172,930	$71,868,786	$4,225,029
2022	$186,505,461	$177,254,309	$57,600,145	$9,251,152
2021	$170,114,349	$161,096,901	$54,236,669	$9,017,448
2020	$139,884,309	$134,612,338	$41,319,775	$5,271,971
2019	$86,669,256	$80,814,903	$31,251,226	$5,854,353
2018	$63,455,216	$64,638,680	$25,495,411	$-1,183,464

GLEANERS FOOD BANK OF INDIANA INC