NORTHEAST IOWA FOOD BANK

EIN: 421169648 501(c)(3) Food, Agriculture & Nutrition

WATERLOO, IA

Total Revenue
$25,241,383
Total Expenses
$23,150,271
Total Assets
$16,878,253
Net Assets
$15,684,371
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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
1981
Legal Domicile
IA
Principal Officer
BARBARA PRATHER
Phone
3192350507
Tax Period
2024-07-01 to 2025-06-30

NORTHEAST IOWA FOOD BANK, founded in 1981, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $25.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $23.2M left a modest 8% surplus.

Mission

RECEIVING AND DISTRIBUTING FOOD AND NON-FOOD PRODUCTS TO PEOPLE IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,563,225
Program Service Revenue $518,702
Investment Income $135,909
Other Revenue $23,547
TOTAL REVENUE $25,241,383

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,905,637
Fundraising Expenses $751,155
Program Expenses $21,484,910
Other Expenses $20,244,634
TOTAL EXPENSES $23,150,271

Year-over-Year Comparison

2024 2023 Change
Revenue $25,241,383 $22,173,813 +0.1%
Expenses $23,150,271 $21,661,188 +0.1%
Net Income $2,091,112 $512,625 +3.1%
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
23
Independent Members
23
Employees
66
Volunteers
11000

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
6
$175,555
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY GIRSCH CHAIR 1.00
Officer Director
$0 $0 $0
MICHELLE SWANSON VICE CHAIR 0.50
Officer Director
$0 $0 $0
MEAGAN MILLER TREASURER 1.00
Officer Director
$0 $0 $0
LOUISE SCOTT SECRETARY 1.00
Officer Director
$0 $0 $0
KEN CUTTS DIRECTOR 1.00
Director
$0 $0 $0
LEONARD HANSON DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER PETERS DIRECTOR 0.50
Director
$0 $0 $0
JEANNE MILLER DIRECTOR 0.50
Director
$0 $0 $0
CHERYL ERB DIRECTOR 0.50
Director
$0 $0 $0
KIRSTEN JUHL DIRECTOR 0.50
Director
$0 $0 $0
TIMI BROWN-POWERS DIRECTOR 0.50
Director
$0 $0 $0
JORDAN KETTNER DIRECTOR 0.50
Director
$0 $0 $0
RYAN RAND DIRECTOR 0.50
Director
$0 $0 $0
ROB VICTOR DIRECTOR 0.50
Director
$0 $0 $0
DOUG WIERING DIRECTOR 0.50
Director
$0 $0 $0
NIKKI KUHN DIRECTOR 0.50
Director
$0 $0 $0
SUSAN HAUBER DIRECTOR 0.50
Director
$0 $0 $0
BAILEY DUDLEY DIRECTOR 0.50
Director
$0 $0 $0
FELICIA SMITH-NALLS DIRECTOR 0.50
Director
$0 $0 $0
MATT WOLCOTT DIRECTOR 0.50
Director
$0 $0 $0
KYLE BAKER DIRECTOR 0.50
Director
$0 $0 $0
KRISTY BATA DIRECTOR 0.50
Director
$0 $0 $0
STEVE SESTERHENN DIRECTOR 0.50
Director
$0 $0 $0
BARBARA PRATHER EXECUTIVE DIRECTOR 45.00
Officer
$126,594 $14,735 $141,329
ASHLEY CHRISTENSEN DIRECTOR OF ADMINISTRATION 40.00
Officer
$34,191 $35 $34,226
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 $25,241,383 $23,150,271 $16,878,253 $2,091,112
2024 $22,173,813 $21,661,188 $13,800,619 $512,625
2023 $20,990,066 $20,899,686 $13,243,718 $90,380
2022 $17,224,102 $18,934,501 $13,006,987 $-1,710,399
2021 $25,387,736 $23,356,610 $14,728,895 $2,031,126
2020 $24,266,391 $22,006,708 $13,050,078 $2,259,683
2019 $17,521,843 $16,558,303 $10,478,311 $963,540
2018 $15,591,914 $15,825,812 $9,509,105 $-233,898
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