SNOHOMISH CNTY FOOD BANK COALITION

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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

KATHERINE C DAVIS

Phone

3606581054

Tax Period

2024-01-01 to 2024-12-31

SNOHOMISH CNTY FOOD BANK COALITION, founded in 2012, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum.

Mission

TO WORK TOGETHER TO PROVIDE RESOURCES AND SHARE BEST PRACTICES TO OUR COLLECTIVE COMMUNITY MEMBER FOOD BANKS IN SNOHOMISH COUNTY, WA.

Program Service Accomplishments

Program 1

Expenses: $1,183,505

SUPPORTING FOOD BANK MEMBERS WITH INFORMATION REGARDING HEALTHY CHOICES, BULK PURCHASES, BEST PRACTICES AND COMMON POLICIES / PROCEDURES. THE COLLECTIVE GROUP SERVED OVER 425,000 SNOHOMISH COUNTY, WA...

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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 $1,207,503

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $1,207,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,183,505

Other Expenses $1,183,505

TOTAL EXPENSES $1,183,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,207,514	$713,865	+0.7%
Expenses	$1,183,505	$841,241	+0.4%
Net Income	$24,009	$-127,376	-1.2%

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
GEORGIA COOK	SECRETARY	1.90	Officer	$0	$0	$0
KATHERINE C DAVIS	PRESIDENT	4.60	Officer	$0	$0	$0
ANTHONY HAWLEY	TREASURER	1.90	Officer	$0	$0	$0
CARLA RANKIN	VICE PRESIDE	8.80	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	$1,207,514	$1,183,505	$201,730	$24,009
2023	$713,865	$841,241	$181,341	$-127,376
2022	$1,021,195	$965,923	$313,426	$55,272