FOOD BANK OF NORTHWEST INDIANA INC

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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

1982

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $19,135,906 Revenue: $563,774

ACQUIRE, STORE, AND DISTRIBUTE FOOD TO CHARITIES, FAMILIES, THE ELDERLY, CHILDREN, AND OTHER INDIVIDUALS IN NORTHWEST INDIANA. INCLUDED IN DISTRIBUTION IS, THE BACKPACK AND THE PANTRY ON THE GO...

ACQUIRE, STORE, AND DISTRIBUTE FOOD TO CHARITIES, FAMILIES, THE ELDERLY, CHILDREN, AND OTHER INDIVIDUALS IN NORTHWEST INDIANA. INCLUDED IN DISTRIBUTION IS, THE BACKPACK AND THE PANTRY ON THE GO PROGRAMS. THE BACKPACK PROGRAM, PROVIDES SCHOOL-AGE CHILDREN IN NORTHWEST INDIANA WITH BACKPACKS FILLED WITH FOOD THAT STUDENTS COULD TAKE HOME WHEN RESOURCES ARE NOT AVAILABLE, SUCH AS WEEKENDS AND SCHOOL VACATIONS. THE PANTRY ON THE GO, IS A MOBILE PANTRY THAT DISTRIBUTES FOOD DIRECTLY TO INDIVIDUALS IN DISTRESSED COMMUNITIES THROUGHOUT LAKE AND PORTER COUNTIES THAT MAY NOT HAVE ACCESS TO A TRADITIONAL FOOD PANTRY.

Program 2

THE BACKPACK PROGRAM PROVIDES SCHOOL-AGE CHILDREN IN NORTHWEST INDIANA WITH BACKPACKS FILLED WITH FOOD THAT STUDENTS COULD TAKE HOME WHEN RESOURCES ARE NOT AVAILABLE, SUCH AS WEEKENDS AND SCHOOL...

THE BACKPACK PROGRAM PROVIDES SCHOOL-AGE CHILDREN IN NORTHWEST INDIANA WITH BACKPACKS FILLED WITH FOOD THAT STUDENTS COULD TAKE HOME WHEN RESOURCES ARE NOT AVAILABLE, SUCH AS WEEKENDS AND SCHOOL VACATIONS.

Program 3

THE PANTRY ON THE GO PROGRAM IS A MOBILE PANTRY THAT DISTRIBUTES FOOD DIRECTLY TO INDIVIDUALS IN DISTRESSED COMMUNITIES THROUGHOUT LAKE AND PORTER COUNTIES THAT MAY NOT HAVE ACCESS TO A TRADITIONAL...

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$136,221

Total Directors

Key Employees

Highest Compensated

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