FOOD BANK OF NORTHWEST INDIANA INC

EIN: 351528285 501(c)(3) Food, Agriculture & Nutrition

MERRILLVILLE, IN

Total Revenue
$21,223,705
Total Expenses
$20,218,410
Total Assets
$15,947,856
Net Assets
$15,631,616
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
IN
Principal Officer
VICTOR A GARCIA
Phone
2199801777
Tax Period
2024-01-01 to 2024-12-31

FOOD BANK OF NORTHWEST INDIANA INC, founded in 1982, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $21.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $20.2M left a modest 5% surplus.

Mission

TO PROVIDE FOOD TO VARIOUS CHARITABLE ORGANIZATIONS AND NEEDY INDIVIDUALS IN NORTHWEST INDIANA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,023,387
Program Service Revenue $563,774
Investment Income $185,558
Other Revenue $450,986
TOTAL REVENUE $21,223,705

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,929,157
Fundraising Expenses $204,833
Program Expenses $19,135,906
Other Expenses $18,134,460
TOTAL EXPENSES $20,218,410

Year-over-Year Comparison

2024 2023 Change
Revenue $21,223,705 $18,529,688 +0.1%
Expenses $20,218,410 $17,720,799 +0.1%
Net Income $1,005,295 $808,889 +0.2%
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

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Governance

Voting Members
14
Independent Members
14
Employees
48
Volunteers
6739

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
6
$136,221
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWN STRACK PRESIDENT 1.15
Officer Director
$0 $0 $0
BOB JACOBS 1ST VICE PRESIDENT 1.15
Officer Director
$0 $0 $0
LEONARD ZUKROW 2ND VICE PRESIDENT 1.15
Officer Director
$0 $0 $0
TAMI PAE TREASURER 1.15
Officer Director
$0 $0 $0
JARED TAUBER SECRETARY 1.15
Officer Director
$0 $0 $0
ERIC HORON BOARD MEMBER 0.77
Director
$0 $0 $0
BOB LOWRY BOARD MEMBER 0.77
Director
$0 $0 $0
SCOTT IVERSON BOARD MEMBER 0.77
Director
$0 $0 $0
SAM BOUFIS BOARD MEMBER 0.77
Director
$0 $0 $0
IAIN DOWNIE BOARD MEMBER 0.77
Director
$0 $0 $0
LAUREN KONAGEL BOARD MEMBER 0.77
Director
$0 $0 $0
JESSICA BATUSIC BOARD MEMBER 0.77
Director
$0 $0 $0
PATRICK BROWN BOARD MEMBER 0.77
Director
$0 $0 $0
VICTOR GARCIA PRESIDENT & CEO 40.00
Officer
$132,255 $3,966 $136,221
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 $21,223,705 $20,218,410 $15,947,856 $1,005,295
2023 $18,529,688 $17,720,799 $14,832,077 $808,889
2022 $18,311,333 $16,100,799 $13,781,689 $2,210,534
2021 $20,360,562 $17,584,083 $11,799,899 $2,776,479
2020 $22,910,838 $18,707,917 $9,279,006 $4,202,921
2019 $13,330,857 $12,245,600 $5,142,496 $1,085,257
2018 $11,134,243 $10,378,849 $4,377,785 $755,394
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