TRI-STATE FOOD BANK (EIN 351539870) - 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

1982

Legal Domicile

Principal Officer

GLENN ROBERTS

Phone

8124250775

Tax Period

2023-07-01 to 2024-06-30

TRI-STATE FOOD BANK, founded in 1982, is a mid-sized nonprofit that reported $31.1M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

TRI-STATE FOOD BANK, INC SOLICITS, WAREHOUSES, AND DISBURSES DONATED FOOD PRODUCT TO OTHER NOT-FOR-PROFIT CORPORATIONS IN INDIANA, ILLINOIS, AND KENTUCKY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $30,279,358

Program Service Revenue $813,642

Investment Income $15,170

Other Revenue $35,161

TOTAL REVENUE $31,143,331

Expense Breakdown

Grants Paid $24,827,915

Salaries & Benefits $1,518,440

Fundraising Expenses $358,044

Program Expenses $30,519,536

Other Expenses $4,892,223

TOTAL EXPENSES $31,238,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,143,331	$25,900,442	+0.2%
Expenses	$31,238,578	$26,681,035	+0.2%
Net Income	$-95,247	$-780,593	-0.9%

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

1817

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

$112,339

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT THOMAS	PRESIDENT	4.00	Officer Director	$0	$0	$0
ROBIN O'NEAL	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KYLE WININGER	TREASURER	4.00	Officer Director	$0	$0	$0
STEVE RUSSELL	SECRETARY	4.00	Officer Director	$0	$0	$0
SCOTT BERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN FORD	BOARD MEMBER	2.00	Director	$0	$0	$0
KENDALL MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC SCHMIDT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSHUA SWANSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC GREGG	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN WHINREY	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREN MORRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
HEATHER EICKHOFF	BOARD MEMBER	2.00	Director	$0	$0	$0
GLENN ROBERTS	EXECUTIVE DIRECTOR	40.00	Officer	$112,339	$0	$112,339

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	$31,143,331	$31,238,578	$10,701,099	$-95,247
2023	$25,900,442	$26,681,035	$11,095,051	$-780,593
2022	$23,604,678	$23,661,716	$11,766,941	$-57,038
2021	$33,125,349	$31,201,703	$12,602,794	$1,923,646
2020	$22,169,354	$18,697,264	$10,215,649	$3,472,090
2019	$15,586,110	$15,497,930	$4,183,121	$88,180
2018	$13,669,195	$13,382,635	$3,990,697	$286,560

TRI-STATE FOOD BANK