Two Harbors Area Food Shelf (EIN 471321541) - 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

2015

Legal Domicile

Principal Officer

Cecile Sogge

Phone

2183918191

Tax Period

2025-01-01 to 2025-12-31

Two Harbors Area Food Shelf, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $305K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $78K, a strong 26% operating margin.

Mission

Reduce hunger and improve the health of people in need by providing food and other resources at no cost

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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 (2025)

Revenue Breakdown

Contributions & Grants $304,301

Program Service Revenue $0

Investment Income $788

Other Revenue $0

TOTAL REVENUE $305,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,482

Fundraising Expenses $1,905

Program Expenses $205,152

Other Expenses $163,156

TOTAL EXPENSES $226,638

Year-over-Year Comparison

	2025	2024	Change
Revenue	$305,089	$268,346	+0.1%
Expenses	$226,638	$240,020	-0.1%
Net Income	$78,451	$28,326	+1.8%

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

Volunteers

192

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

$6,963

Total Directors

$65,668

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cecile Sogge	Board Chair	4.00	Officer Director	$0	$0	$0
Tanner Paulseth	Board Vice Chair	1.00	Officer Director	$0	$0	$0
Jennifer J Hansen	Treasurer	1.00	Officer Director	$0	$0	$0
ArMand Nelson	Secretary (Interim ED Jan - April)	3.50	Officer Director	$6,963	$0	$6,963
Doug Pruitt	Board Member	1.00	Director	$0	$0	$0
Sue Johnson	Executive Director (current)	40.00	Director	$51,150	$0	$51,150
Rebecca Schlunegger	Executive Director (previous)	40.00	Director	$7,555	$0	$7,555

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	$305,089	$226,638	$404,986	$78,451
2024	$268,346	$240,020	$327,537	$28,326
2023	$286,289	$248,244	$298,209	$38,045
2022	$215,751	$190,567	$260,164	$25,184
2021	$210,535	$176,556	$234,980	$33,979
2020	$253,288	$179,282	$208,801	$74,006
2019	$139,669	$145,656	$126,995	$-5,987
2018	$126,519	$125,267	$133,080	$1,252

Two Harbors Area Food Shelf