FOOD BANK OF IOWA (EIN 421177880) - 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

TAMARA NIELSEN

Phone

5155640330

Tax Period

2024-07-01 to 2025-06-30

FOOD BANK OF IOWA, founded in 1982, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $50.8M in total revenue in fiscal year 2024.

Mission

WE PROVIDE FOOD FOR IOWA CHILDREN, FAMILIES, AND SENIORS TO LEAD FULL AND ACTIVE LIVES, STRENGTHENING THE COMMUNITIES WHERE THEY LIVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $48,037,280

Program Service Revenue $1,510,669

Investment Income $1,158,858

Other Revenue $112,477

TOTAL REVENUE $50,819,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,321,187

Fundraising Expenses $1,211,932

Program Expenses $49,207,902

Other Expenses $45,603,490

TOTAL EXPENSES $51,086,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,819,284	$51,404,190	0.0%
Expenses	$51,086,704	$48,624,870	+0.1%
Net Income	$-267,420	$2,779,320	-1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

11756

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

$194,967

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANE DANIELSEN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GOJKOVICH	SECRETARY	5.00	Officer Director	$0	$0	$0
IZAAH KNOX	DIRECTOR	1.00	Director	$0	$0	$0
DIRK POLLITT	TREASURER	5.00	Officer Director	$0	$0	$0
CHAD WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
TERRI VAUGHAN	CHAIR	5.00	Officer Director	$0	$0	$0
NICK LENHARDT	VICE CHAIR	5.00	Officer Director	$0	$0	$0
WADE DEN HARTOG	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA NIELSEN	PRESIDENT AND CEO (1/1/25-6/30/25)	40.00	Key Emp	$194,967	$0	$194,967
MICHELLE BOOK	PRESIDENT AND CEO (7/1/24-12/31/24)	40.00	Highest	$242,968	$0	$242,968

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	$50,819,284	$51,086,704	$45,226,907	$-267,420
2024	$51,404,190	$48,624,870	$43,525,622	$2,779,320
2023	$47,199,579	$40,416,626	$39,623,333	$6,782,953
2022	$34,755,317	$32,646,056	$31,143,627	$2,109,261
2021	$46,724,130	$32,746,201	$30,639,112	$13,977,929
2020	$35,889,201	$29,838,063	$17,346,952	$6,051,138
2019	$26,773,115	$25,376,948	$11,985,878	$1,396,167
2018	$19,160,329	$17,592,414	$11,532,007	$1,567,915

FOOD BANK OF IOWA