SECOND HARVEST NORTH CENTRAL FOOD … - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

SHAYE MORIS

Phone

2183264420

Tax Period

2023-01-01 to 2023-12-31

SECOND HARVEST NORTH CENTRAL FOOD BANK, founded in 1994, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $11.0M left a modest 4% surplus.

Mission

ENGAGING THE COMMUNITY TO END HUNGER

Program Service Accomplishments

Program 1

Expenses: $9,847,044 Revenue: $975,418

FOOD BANK DISTRIBUTION:SECOND HARVEST NORTH CENTRAL FOOD BANK'S PRIMARY PROGRAM IS FOOD BANKING. AS THE ONLY FOOD BANK SERVING NE MINNESOTA (ITASCA, AITKIN, CASS, CROW WING, KOOCHICHING, KANABEC, AND MILLE LACS COUNTIES), WE ACCESS NATIONALLY AND REGIONALLY DONATED FOOD AND PURCHASED PRODUCT FROM MANUFACTURERS, WHOLESALERS, RETAILERS AND GROWERS, FOR DISTRIBUTION TO OVER 72 NON-PROFIT AGENCY PARTNERS (FOOD SHELVES AND ONSITE MEAL PROGRAMS). DURING CALENDAR YEAR 2023, WE PROVIDED 3,029,985 POUNDS OF FOOD AND GROCERY PRODUCT, THE EQUIVALENT OF 2,423,988 MEALS TO OUR AGENCY PARTNERS. VOLUNTEERS ARE CRITICAL TO OUR FOOD BANK AND ITS OPERATIONS.

Program 2

Expenses: $264,727

CHILD HUNGER PROGRAM:OUR CHILD HUNGER PROGRAMS INCLUDING OUR SCHOOL PANTRY AND KIDS PACK PROGRAMS ARE OPERATED BY SECOND HARVEST NORTH CENTRAL FOOD BANK IN PARTNERSHIP WITH REGIONAL SCHOOLS/PARTNERS TO PROVIDE FOOD TO CHILDREN IN NEED ON WEEKENDS OR WHEN SCHOOL IS NOT IN SESSION WHEN THEY MAY BE MISSING MEALS. DURING CALENDAR YEAR 2023, WE DISTRIBUTED 107,446 POUNDS OF FOOD THE EQUIVALENT OF 85,957 MEALS THROUGH OUR CHILD HUNGER PROGRAMS.

Program 3

Expenses: $76,195

SECOND HARVEST FOOD SHELF:TOUR FOOD SHELF IS A PROGRAM OPERATED BY SECOND HARVEST NORTH CENTRAL FOOD BANK TO PROVIDE FOOD DIRECTLY TO PEOPLE IN OUR AREA. DURING CALENDAR YEAR 2023, WE PROVIDED FOOD SHELF SERVICE DIRECTLY TO IN-NEED CHILDREN, ADULTS AND SENIORS WHO RESIDE IN THE GRAND RAPIDS AREA. WE DISTRIBUTED 838,196 POUNDS OF FOOD AND GROCERY PRODUCT TO OUR FOOD SHELF PARTICIPANTS WHICH IS THE EQUIVALENT OF 670,557 MEALS.

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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 $10,382,474

Program Service Revenue $975,418

Investment Income $993

Other Revenue $2,200

TOTAL REVENUE $11,361,085

Expense Breakdown

Grants Paid $8,056,546

Salaries & Benefits $907,070

Fundraising Expenses $214,677

Program Expenses $10,251,895

Other Expenses $1,992,994

TOTAL EXPENSES $10,956,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,361,085	$10,239,992	+0.1%
Expenses	$10,956,610	$9,571,452	+0.1%
Net Income	$404,475	$668,540	-0.4%

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

500

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

$171,470

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE STEFAN	CHAIR	0.50	Officer Director	$0	$0	$0
ERICH HEPPNER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DIANE SKELLY	SECRETARY	0.50	Officer Director	$0	$0	$0
LOUIS GUELTZOW	TREASURER	0.50	Officer Director	$0	$0	$0
JENNIFER BYMARK	DIRECTOR	0.50	Director	$0	$0	$0
ANN KOETZ	DIRECTOR	0.50	Director	$0	$0	$0
SARAH MCBROOM	DIRECTOR	0.50	Director	$0	$0	$0
DENISE MINEA	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE RODENBERG	DIRECTOR	0.50	Director	$0	$0	$0
BRIANNE SOLEM	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY HALL	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN ESTEE	EXECUTIVE DIRECTOR	40.00	Officer	$141,299	$30,171	$171,470
JUSTIN LINNELL	OPERATIONS DIRECTOR	40.00	Highest	$102,362	$2,105	$104,467

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
2023	$11,361,085	$10,956,610	No data	$404,475
2022	$10,239,992	$9,571,452	$5,393,961	$668,540
2021	$11,898,743	$11,394,450	$4,978,294	$504,293
2020	$11,398,728	$9,595,159	$4,502,953	$1,803,569
2019	$7,053,648	$7,134,289	$2,527,923	$-80,641
2018	$6,713,585	$6,774,713	$2,517,262	$-61,128

SECOND HARVEST NORTH CENTRAL FOOD BANK