Renewal Food Bank

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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

2012

Legal Domicile

Principal Officer

Phillip Peters

Phone

4257368132

Tax Period

2023-01-01 to 2023-12-31

Renewal Food Bank, founded in 2012, is a small nonprofit in the Human Services sector that reported $934K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

Renewal Food Bank provides food to needy and economically vulnerable individuals who live in Bellevue, Washington and surrounding communities

Program Service Accomplishments

Program 1

Expenses: $1,080,209

Renewal Food Bank is an independent nonprofit organization dedicated to food rescue and providing food to those experiencing food insecurity. Customers can shop weekly and receive $150-250 dollars...

Renewal Food Bank is an independent nonprofit organization dedicated to food rescue and providing food to those experiencing food insecurity. Customers can shop weekly and receive $150-250 dollars worth of produce, meat, shelf-stable groceries, baby supplies, pet food, and hygiene items. Renewal is a vibrant community space where families and volunteers return week after week. We strive to serve our families' holistic needs, providing access to food as well as a sense of community and belonging

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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 $927,784

Program Service Revenue $0

Investment Income $6,143

Other Revenue $0

TOTAL REVENUE $933,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,247

Fundraising Expenses $0

Program Expenses $1,080,209

Other Expenses $871,962

TOTAL EXPENSES $1,080,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$933,927	$875,965	+0.1%
Expenses	$1,080,209	$911,502	+0.2%
Net Income	$-146,282	$-35,537	+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

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

$85,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stan Prince	President	2.00	Director	$0	$0	$0
Eric Loh	Vice President	3.00	Director	$0	$0	$0
Jeff Reed	Secretary	4.00	Director	$0	$0	$0
Loren Ott	Treasurer	2.00	Director	$0	$0	$0
Kathy Hoggan	Director	3.00	Director	$0	$0	$0
Victoria Garcia	Director	2.50	Director	$0	$0	$0
Marcia Hoover	Director	2.00	Director	$0	$0	$0
Kafa Kathim	Director	3.00	Director	$0	$0	$0
Phillip Peters	Executive Director	40.00	Director	$85,000	$0	$85,000

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	$933,927	$1,080,209	$433,015	$-146,282
2022	$875,965	$911,502	$575,182	$-35,537
2021	$826,417	$585,594	$608,739	$240,823
2020	$579,482	$491,270	$368,796	$88,212
2019	$494,797	$456,641	$278,778	$38,156
2018	$496,373	$448,128	$240,278	$48,245