FOOD BANK OF DELAWARE INC

EIN: 510258984 501(c)(3) Food, Agriculture & Nutrition

NEWARK, DE

Total Revenue
$41,463,843
Total Expenses
$36,141,674
Total Assets
$49,023,737
Net Assets
$46,570,843
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
DE
Principal Officer
CATHY KANEFSKY
Phone
3022921305
Tax Period
2022-07-01 to 2023-06-30

FOOD BANK OF DELAWARE INC, founded in 1972, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $41.5M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $36.1M left a modest 13% surplus.

Mission

THE TAX EXEMPT PURPOSE OF THE ORGANIZATION IS TO HELP CREATE A COMMUNITY FREE FROM HUNGER BY PROVIDING FOOD TO THOSE IN NEED AND INFORMATION TO OTHERS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $40,927,722
Program Service Revenue $661,790
Investment Income $-179,431
Other Revenue $53,762
TOTAL REVENUE $41,463,843

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,808,505
Fundraising Expenses $1,144,585
Program Expenses $34,374,915
Other Expenses $29,333,169
TOTAL EXPENSES $36,141,674

Year-over-Year Comparison

2022 2021 Change
Revenue $41,463,843 $34,997,234 +0.2%
Expenses $36,141,674 $33,191,149 +0.1%
Net Income $5,322,169 $1,806,085 +1.9%
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

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Governance

Voting Members
23
Independent Members
23
Employees
111
Volunteers
18603

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
12
$621,593
Total Directors
24
$217,260
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN THOMPSON BOARD CHAIR 2.00
Officer Director
$0 $0 $0
ANDREW LARMORE PAST CHAIR 2.00
Officer Director
$0 $0 $0
ANDREW LEVIN TREASURER 2.00
Officer Director
$0 $0 $0
CATHERINE SANDLER SECRETARY 2.00
Officer Director
$0 $0 $0
NICOLE DIMONDI WORKFORCE CH 2.00
Officer Director
$0 $0 $0
JEFFREY WHITMARSH DEVELOPMENT 2.00
Officer Director
$0 $0 $0
TUCKER NORTON OPERATIONS C 2.00
Officer Director
$0 $0 $0
GREGG SCHMIDT EXT. AFFAIRS 2.00
Officer Director
$0 $0 $0
APRIL BIRMINGHAM MEMBER 2.00
Director
$0 $0 $0
NIKKO BRADY MEMBER 2.00
Director
$0 $0 $0
MAURICE CATLETT MEMBER 2.00
Director
$0 $0 $0
NANCY DALTON MEMBER 2.00
Director
$0 $0 $0
SARAH DILUZIO MEMBER 2.00
Director
$0 $0 $0
BERNICE EDWARDS MEMBER 2.00
Director
$0 $0 $0
DR JOHN FINK MEMBER 2.00
Director
$0 $0 $0
JASON JOWERS ESQ MEMBER 2.00
Director
$0 $0 $0
LESLIE KOSEK MEMBER 2.00
Director
$0 $0 $0
SCOTT LAMMERS MEMBER 2.00
Director
$0 $0 $0
DAVID MARVEL JR MEMBER 2.00
Director
$0 $0 $0
RUTH MAYER MEMBER 2.00
Director
$0 $0 $0
HENRI MOORE MEMBER 2.00
Director
$0 $0 $0
CORIE PRIEST MEMBER 2.00
Director
$0 $0 $0
BILL SEE MEMBER 2.00
Director
$0 $0 $0
CATHY KANEFSKY PRESIDENT AN 40.00
Officer Director
$203,910 $13,350 $217,260
TREVOR TURNER C.O.O 40.00
Officer
$151,538 $12,397 $163,935
LAWRENCE HAAS CHIEF DEV. O 40.00
Officer
$114,668 $11,587 $126,255
ANNA MCDERMOTT SR. DIR OF W 40.00
Officer
$114,143 $0 $114,143
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 No data No data No data No data
2024 No data No data No data No data
2023 $41,463,843 $36,141,674 $49,023,737 $5,322,169
2022 $34,997,234 $33,191,149 $42,761,561 $1,806,085
2021 $42,426,987 $32,744,782 $40,241,287 $9,682,205
2020 $34,684,906 $29,554,069 $31,033,190 $5,130,837
2019 $25,505,070 $20,671,567 $25,112,712 $4,833,503
2018 $21,930,140 $18,651,681 $21,489,166 $3,278,459
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