GREATER LANSING FOOD BANK

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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

MICHELLE LANTZ

Phone

5178537800

Tax Period

2023-07-01 to 2024-06-30

GREATER LANSING FOOD BANK, founded in 1980, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $24.8M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

PARTNER TO ALLEVIATE HUNGER ONE MEAL AT A TIME, TO CREATE A FUTURE WHERE EVERYONE HAS ACCESS TO NOURISHING FOOD.

Program Service Accomplishments

Program 1

Expenses: $23,292,295 Revenue: $799,794

GREATER LANSING FOOD BANK'S CORE PROGRAM IS THE LARGE-SCALE WAREHOUSING AND DISTRIBUTION OF FOOD FOR THOSE IN NEED, WHICH IS DONE THROUGH A VARIETY OF METHODS INCLUDING MOBILE DISTRIBUTIONS...

GREATER LANSING FOOD BANK'S CORE PROGRAM IS THE LARGE-SCALE WAREHOUSING AND DISTRIBUTION OF FOOD FOR THOSE IN NEED, WHICH IS DONE THROUGH A VARIETY OF METHODS INCLUDING MOBILE DISTRIBUTIONS, EMERGENCY FOOD KITS, A MEMBER AGENCY NETWORK AND OTHER NON-PROFIT COMMUNITY PARTNERS. GREATER LANSING FOOD BANK PARTNERED WITH A NETWORK OF MORE THAN 240 AGENCIES AND OTHER COMMUNITY PARTNERS DURING THE FISCAL YEAR. 12,839,162 POUNDS OF FOOD WERE DISTRIBUTED DURING THE FISCAL YEAR THROUGHOUT A SEVEN-COUNTY SERVICE AREA IN MID-MICHIGAN.

Program 2

Expenses: $478,870

THE GARDEN PROJECT - THIS PROGRAM OFFERS RESOURCE SUPPORT TO GROW AND TRAINING OPPORTUNITIES RELATING TO GROWING TECHNIQUES FOR LIMITED RESOURCE OR SOCIALLY DISADVANTAGED INDIVIDUALS. TOOLS, WATER...

THE GARDEN PROJECT - THIS PROGRAM OFFERS RESOURCE SUPPORT TO GROW AND TRAINING OPPORTUNITIES RELATING TO GROWING TECHNIQUES FOR LIMITED RESOURCE OR SOCIALLY DISADVANTAGED INDIVIDUALS. TOOLS, WATER, ACCESS TO LAND AND LAND PREP, SUPPORT, SEEDS AND TRAINING ARE PROVIDED BY THE FOOD BANK. 10,886 GARDENERS WERE SERVED BY 95 COMMUNITY GARDEN SITES.

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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 $23,900,479

Program Service Revenue $799,794

Investment Income $170,945

Other Revenue $-26,034

TOTAL REVENUE $24,845,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,614,459

Fundraising Expenses $522,305

Program Expenses $23,771,165

Other Expenses $22,432,224

TOTAL EXPENSES $25,065,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,845,184	$18,416,903	+0.3%
Expenses	$25,065,500	$20,443,802	+0.2%
Net Income	$-220,316	$-2,026,899	-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

4465

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

$149,962

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE LANTZ	CEO	40.00	Officer	$132,365	$17,597	$149,962
JIM SAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
MONA DELIWALA	DIRECTOR	1.00	Director	$0	$0	$0
LUPE IZZO	DIRECTOR	1.00	Director	$0	$0	$0
PAT SPYKE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN ABOOD SHAHEEN	DIRECTOR	1.00	Director	$0	$0	$0
ROSELYN TANTRAPHOL	DIRECTOR	1.00	Director	$0	$0	$0
SUE SNODGRASS	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN VANDERSTELT	DIRECTOR	1.00	Director	$0	$0	$0
LYNN GRIFFOR	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE WAGGONER	DIRECTOR	1.00	Director	$0	$0	$0
LUAN NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
LAVON DENNIS	SECRETARY	1.50	Officer Director	$0	$0	$0
KEN KLEIN	TREASURER	1.50	Officer Director	$0	$0	$0
KEVIN ZIELKE	VICE-CHAIR	1.50	Officer Director	$0	$0	$0
NIKALI LUKE	CHAIR	1.50	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
2025	No data	No data	No data	No data
2024	$24,845,184	$25,065,500	$14,069,587	$-220,316
2023	$18,416,903	$20,443,802	$13,417,934	$-2,026,899
2022	$19,310,700	$20,278,985	$15,179,627	$-968,285
2021	$24,023,490	$20,847,198	$16,845,910	$3,176,292
2020	$23,617,106	$18,290,153	$13,564,210	$5,326,953
2019	$18,202,826	$17,915,874	$7,674,837	$286,952
2018	$17,142,503	$16,440,200	$6,983,994	$702,303