SECOND HARVEST NORTH CENTRAL FOOD BANK

EIN: 411782776 501(c)(3)

GRAND RAPIDS, MN

Total Revenue
$11,361,085
Total Expenses
$10,956,610
Total Assets
N/A
Net Assets
N/A
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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
MN
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

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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%)

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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

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Governance

Voting Members
11
Independent Members
11
Employees
17
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
5
$171,470
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
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
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