FOOD BANK OF CENTRAL & EASTERN NC INC (EIN 561283426) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

MICKEY HOLT

Phone

9198750707

Tax Period

2023-07-01 to 2024-06-30

FOOD BANK OF CENTRAL & EASTERN NC INC, founded in 1980, is a major nonprofit in the Food, Agriculture & Nutrition sector that reported $234.0M in total revenue in fiscal year 2023.

Mission

ESTABLISHED IN 1980, THE FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA IS AMONG THE LARGEST ANTI-HUNGER ORGANIZATIONS IN THE UNITED STATES. WE WORK EVERY DAY TO PROVIDE FOOD TO PEOPLE IN NEED WHILE ADVANCING LONG-TERM SOLUTIONS TO END HUNGER IN OUR COMMUNITIES. THE FOOD BANK AND OUR BRANCH LOCATIONS SERVE AS THE CENTRAL HUB OF A NETWORK OF 700+ PARTNER PROGRAMS THROUGHOUT OUR 34-COUNTY REGION (THROUGH DISTRIBUTION CENTERS IN DURHAM, GREENVILLE, NEW BERN, RALEIGH, THE SANDHILLS (SOUTHERN PINES) AND WILMINGTON) INCLUDING NO-COST FOOD MARKETS, PANTRIES, MEAL SITES, AND A HOST OF INITIATIVES SERVING CHILDREN, ADULTS, AND SENIORS. TOGETHER, WE'RE WORKING TO OVERCOME HUNGER AND CREATE AN ENVIRONMENT WHERE EVERYONE IN NORTH CAROLINA CAN THRIVE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $229,300,919

Program Service Revenue $2,302,220

Investment Income $2,388,519

Other Revenue $-39,210

TOTAL REVENUE $233,952,448

Expense Breakdown

Grants Paid $202,278,598

Salaries & Benefits $16,636,887

Fundraising Expenses $5,451,686

Program Expenses $229,440,172

Other Expenses $17,587,416

TOTAL EXPENSES $238,575,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,952,448	$232,338,914	+0.0%
Expenses	$238,575,144	$221,747,267	+0.1%
Net Income	$-4,622,696	$10,591,647	-1.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

217

Volunteers

61042

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

$522,446

Total Directors

Key Employees

$538,915

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE J MILES	CHAIR	1.00	Officer Director	$0	$0	$0
ANNE LLOYD	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
OCTAVIO SOARES	PAST CHAIR	1.00	Officer Director	$0	$0	$0
TIM TRIPP	SECRETARY	1.00	Officer Director	$0	$0	$0
MONICA BARNES	DIRECTOR	1.00	Director	$0	$0	$0
GREG BROMBERGER	TREASURER	1.00	Officer Director	$0	$0	$0
REV CHARLES BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
DREW DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG FOUNTAIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID L GARRIS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CORTS HILL	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS HOCKADAY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES INMAN	DIRECTOR	1.00	Director	$0	$0	$0
RANDOLPH KEATON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KISSINGER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KOCHMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE MAZZONE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN MIZE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE E NORMAN III	DIRECTOR	1.00	Director	$0	$0	$0
LA VERNE REID PHD MPH	DIRECTOR	1.00	Director	$0	$0	$0
MATT ROGERS PHD	DIRECTOR	1.00	Director	$0	$0	$0
SHELAYNE DALY SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE WINSTANLY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WOZENCROFT	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE POWELL	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY MCCUMBER	PRESIDENT & CEO (TO 6/4/24)	40.00	Officer	$294,035	$10,369	$304,404
MICKEY HOLT	CHIEF FINANCIAL OFFICER	40.00	Officer	$194,398	$23,644	$218,042
JERRY NAYLOR	CHIEF PEOPLE OFFICER	40.00	Key Emp	$150,437	$17,991	$168,428
CHARLIE HALE	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$179,267	$22,554	$201,821
MARLOWE FOSTER	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$160,512	$8,154	$168,666
MARIAH MURRELL	VP OF EQUITY, DIVERSITY & INCLUSION	40.00	Highest	$140,691	$22,266	$162,957
ROBERT ADAMS	VP OF COMMUNITY HEALTH & ENGAGEMENT	40.00	Highest	$144,785	$22,343	$167,128
SUSAN ALLISON	CONTROLLER	40.00	Highest	$138,270	$15,446	$153,716
DAVID PECK	DIRECTOR OF IT	40.00	Highest	$126,556	$18,312	$144,868
CARTER CRAIN	SR. DIRECTOR OF FOOD SOURCING	40.00	Highest	$125,550	$18,117	$143,667

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	$233,952,448	$238,575,144	$103,162,876	$-4,622,696
2023	$232,338,914	$221,747,267	$104,815,207	$10,591,647
2022	$216,066,903	$208,404,478	$91,235,516	$7,662,425
2021	$310,712,985	$267,812,805	$85,769,638	$42,900,180
2020	$169,408,393	$154,864,809	$48,195,891	$14,543,584
2019	$167,253,908	$161,389,329	$29,477,138	$5,864,579
2018	$124,753,142	$125,576,320	$23,573,371	$-823,178

FOOD BANK OF CENTRAL & EASTERN NC INC