NEIGHBORHOOD FOOD BANK (EIN 421209027) - 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

1984

Legal Domicile

Principal Officer

VERONICA MAAS

Phone

6415851360

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD FOOD BANK, founded in 1984, is a micro nonprofit that reported $65K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 25% operating margin.

Mission

TO PROVIDE FOOD TO INDIVIDUALS IN NEED IN NORTHERN IOWA.

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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 $62,884

Program Service Revenue $0

Investment Income $2,381

Other Revenue $0

TOTAL REVENUE $65,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,323

Other Expenses $48,819

TOTAL EXPENSES $48,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,265	$44,429	+0.5%
Expenses	$48,819	$51,575	-0.1%
Net Income	$16,446	$-7,146	-3.3%

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

N/A

Volunteers

N/A

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
VERONICA MAAS	PRESIDENT	N/A	Officer	$0	$0	$0
RITA KLEEMEIER	TREASURER	N/A	Officer	$0	$0	$0
RANDY POTTS	VICE-PRESIDE	N/A	Officer	$0	$0	$0
JANET HAUGEN	BOARD MEMBER	N/A	Director	$0	$0	$0
LUCY HRUBES	BOARD MEMBER	N/A	Director	$0	$0	$0
JEANNE KRULL	BOARD MEMBER	N/A	Director	$0	$0	$0
SANDY PRICE	BOARD MEMBER	N/A	Director	$0	$0	$0
LANA THOMPSON	BOARD MEMBER	N/A	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	$65,265	$48,819	$98,888	$16,446
2023	$44,429	$51,575	$82,442	$-7,146
2022	$66,579	$88,988	$89,588	$-22,409
2021	$62,090	$131,780	$111,997	$-69,690
2020	$201,591	$96,532	$181,687	$105,059

NEIGHBORHOOD FOOD BANK