BEMIDJI COMMUNITY FOOD SHELF INC (EIN 411494430) - 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

JIM FRETHEIM

Tax Period

2023-01-01 to 2023-12-31

BEMIDJI COMMUNITY FOOD SHELF INC, founded in 1982, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $987K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $877K left a modest 11% surplus.

Mission

WE ARE A FAITH-BASED, CARING PLACE THAT LISTENS TO THOSE WHO ARE EXPERIENCING FOOD INSECURITY. WE WORK WITH OUR PARTNERS TO BE INCLUSIVE AND TO PROVIDE FRESH, NOURISHING FOODS FOR THOSE LIVING IN BELTRAMI COUNTY AND BEMIDJI SCHOOL DISTRICT.

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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 $963,905

Program Service Revenue $0

Investment Income $5,479

Other Revenue $17,930

TOTAL REVENUE $987,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,437

Fundraising Expenses $23,207

Program Expenses $807,838

Other Expenses $759,541

TOTAL EXPENSES $876,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$987,314	$1,110,772	-0.1%
Expenses	$876,978	$946,915	-0.1%
Net Income	$110,336	$163,857	-0.3%

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

334

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL OLSON	EXECUTIVE DIRECTOR	0.00	Highest	$56,955	$0	$56,955
JIM HODGSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN REFF	VP	0.10	Director	$0	$0	$0
JANET BERG	DIRECTOR	1.00	Director	$0	$0	$0
LINSDAY LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI ADAMSON-BAER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA SHUTTER	DIRECTOR	0.10	Director	$0	$0	$0
LARRY VOLTZ	DIRECTOR	0.10	Director	$0	$0	$0
DEBORAH PFAFF	TREASURER	1.00	Officer Director	$0	$0	$0
JIM FRETHEIM	PRESIDENT	1.00	Officer Director	$0	$0	$0
GLORIA COLLYARD	SECRETARY	1.00	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	No data	No data	No data	No data
2023	$987,314	$876,978	$1,729,259	$110,336
2022	$1,110,772	$946,915	$1,609,740	$163,857
2021	$1,493,073	$1,293,797	$1,447,652	$199,276
2020	$1,337,161	$747,921	$1,251,427	$589,240
2019	$735,806	$751,099	$593,523	$-15,293
2018	$705,563	$727,813	$606,882	$-22,250

BEMIDJI COMMUNITY FOOD SHELF INC