KEY PENINSULA BISCHOFF FOOD BANK (EIN 465405179) - 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

2014

Legal Domicile

Principal Officer

STEVEN GULBRAA

Phone

2538841997

Tax Period

2023-01-01 to 2023-12-31

KEY PENINSULA BISCHOFF FOOD BANK, founded in 2014, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $879K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $982K exceeded revenue, resulting in a 12% operating deficit.

Mission

DISTRIBUTING FOOD AND OTHER ESSENTIALS FREE OF CHARGE TO PEOPLE IN NEED ON THE KEY PENINSULA AND SURROUNDING AREAS.

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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 $877,796

Program Service Revenue $0

Investment Income $1,573

Other Revenue $0

TOTAL REVENUE $879,369

Expense Breakdown

Grants Paid $900,192

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $980,300

Other Expenses $81,634

TOTAL EXPENSES $981,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$879,369	$1,333,256	-0.3%
Expenses	$981,826	$1,092,241	-0.1%
Net Income	$-102,457	$241,015	-1.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
TINA WEDVIK	DIRECTOR	15	Officer Director	$0	$0	$0
CAROL LARSON	DIRECTOR	15	Director	$0	$0	$0
LACIE HOUSER	SECRETARY	40	Officer	$0	$0	$0
STEVEN GULBRAA	PRESIDENT	40	Officer	$0	$0	$0
GAIL TORGERSON	TREASURER	20	Officer	$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	No data	No data	No data	No data
2023	$879,369	$981,826	$396,084	$-102,457
2022	$1,333,256	$1,092,241	$498,676	$241,015
2021	$717,734	$571,292	$257,850	$146,442

KEY PENINSULA BISCHOFF FOOD BANK