FOOD BANK OF NORTHERN 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

1993

Legal Domicile

Principal Officer

MARIJO MARTINEC

Phone

5742329986

Tax Period

2024-01-01 to 2024-12-31

FOOD BANK OF NORTHERN INDIANA INC, founded in 1993, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $26.7M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $25.1M left a modest 6% surplus.

Mission

MISSION: TO WORK IN PARTNERSHIP WITH THE COMMUNITY TO FEED THE HUNGRY, INCREASE AWARENESS OF THE EFFECTS OF HUNGER, AND TO LEAD PROGRAMS DESIGNED TO ALLEVIATE HUNGER.

Program Service Accomplishments

Program 1

Expenses: $24,010,521 Revenue: $1,026,432

FOOD DISTRIBUTION. IN 2024, 11,295,050 POUNDS OF FOOD WERE DISTRIBUTED TO NON-PROFIT ORGANIZATIONS AND INDIVIDUALS IN THE SIX-COUNTY AREA SERVED BY THE FOOD BANK OF NORTHERN 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,411,635

Program Service Revenue $1,026,432

Investment Income $244,876

Other Revenue $0

TOTAL REVENUE $26,682,943

Expense Breakdown

Grants Paid $22,824,276

Salaries & Benefits $1,087,363

Fundraising Expenses $593,276

Program Expenses $24,010,521

Other Expenses $738,497

TOTAL EXPENSES $25,059,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,682,943	$20,809,602	+0.3%
Expenses	$25,059,832	$21,199,865	+0.2%
Net Income	$1,623,111	$-390,263	-5.2%

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

9901

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

$180,399

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIJO MARTINEC	EXEC. DIRECT	40.00	Officer	$121,020	$15,379	$136,399
KIMBERLY BARRIER	CONTRACTED C	20.00	Officer	$44,000	$0	$44,000
ALICIA WEBBER	DIRECTOR	1.00	Director	$0	$0	$0
TYAISHA TAYLOR-GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FOUGHT	DIRECTOR	1.00	Director	$0	$0	$0
AMBER NEAL	DIRECTOR	1.00	Director	$0	$0	$0
LINDA BERNTH	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BRECHTEL	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE MATTUCCI	DIRECTOR	1.00	Director	$0	$0	$0
JASON PURSEHOUSE	CHAIR	2.00	Officer Director	$0	$0	$0
RON BARTHOLOMEW	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRANDON DEMITRUK	TREASURER &	2.00	Officer 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
2024	$26,682,943	$25,059,832	$12,312,113	$1,623,111
2023	$20,809,602	$21,199,865	$10,684,703	$-390,263
2022	$19,745,029	$17,392,954	$11,111,558	$2,352,075
2021	$21,720,968	$20,876,673	$8,757,329	$844,295
2020	$26,312,445	$22,123,359	$7,948,649	$4,189,086
2019	$10,169,775	$10,720,955	$2,472,962	$-551,180
2018	$9,118,240	$8,612,784	$3,059,000	$505,456