HARVEST HOPE FOOD BANK

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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

1981

Legal Domicile

Principal Officer

ERINN ROWE

Phone

8032544432

Tax Period

2023-07-01 to 2024-06-30

HARVEST HOPE FOOD BANK, founded in 1981, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $50.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $48.2M left a modest 4% surplus.

Mission

HARVEST HOPE IS ON A MISSION TO ELIMINATE HUNGER AND FOOD INSECURITY IN SOUTH CAROLINA. WE RESCUE NUTRITIOUS FOOD FROM STORES THROUGHOUT THE STATE AND DISTRIBUTE IT TO FOOD PANTRIES, SHELTERS, AND SOUP KITCHENS. WE OPERATE PROGRAMS THAT PROVIDE FOOD FOR OUR MOST VULNERABLE CITIZENS: CHILDREN, SENIORS, AND RURAL RESIDENTS WHO DON'T HAVE ACCESS TO GROCERY STORES. WE ALSO RUN OUR OWN EMERGENCY FOOD PANTRIES IN GREENVILLE AND COLUMBIA, WHERE ANYONE IN NEED CAN GET A WEEK'S SUPPLY OF GROCERIES FOR FREE.

Program Service Accomplishments

Program 1

Expenses: $37,360,932 Revenue: $995,135

PARTNER AGENCY FOOD DISTRIBUTION: SINCE 1981, HARVEST HOPE FOOD BANK PRIMARILY DISTRIBUTES FOOD THROUGH A NETWORK OF OVER 400 PARTNER AGENCIES. THESE AGENCIES ARE NON-PROFIT ORGANIZATIONS SUCH AS...

PARTNER AGENCY FOOD DISTRIBUTION: SINCE 1981, HARVEST HOPE FOOD BANK PRIMARILY DISTRIBUTES FOOD THROUGH A NETWORK OF OVER 400 PARTNER AGENCIES. THESE AGENCIES ARE NON-PROFIT ORGANIZATIONS SUCH AS EMERGENCY FOOD PANTRIES, SOUP KITCHENS, SHELTERS, AFTER-SCHOOL PROGRAMS, AND TRANSITIONAL HOMES. THIS ALLOWS HARVEST HOPE TO REACH INDIVIDUALS AND FAMILIES FACING HUNGER DIRECTLY WITHIN THEIR COMMUNITIES ACROSS 20 COUNTIES IN SOUTH CAROLINA. HARVEST HOPE TAKES ON THE RESPONSIBILITY OF SOURCING, COLLECTING, STORING, AND TRANSPORTING LARGE QUANTITIES OF FOOD. THIS RELIEVES THE BURDEN ON PARTNER AGENCIES, ALLOWING THEM TO FOCUS THEIR TIME, ENERGY, AND RESOURCES ON PROVIDING DIRECT SERVICES TO LOW-INCOME INDIVIDUALS. HARVEST HOPE PROVIDES VALUABLE SUPPORT TO ITS PARTNER AGENCIES, OFFERING TECHNICAL ASSISTANCE ON VARIOUS ASPECTS, INCLUDING PROGRAM MODELS, SAFE FOOD HANDLING AND STORAGE, AND PUBLIC POLICY AND ADVOCACY.

Program 2

Expenses: $2,078,670

BACKPACK AND CFSP PROGRAMS:THE HARVEST HOPE FOOD BANK'S BACKPACK PROGRAM IS A CRUCIAL INITIATIVE FOCUSED ON PROVIDING WEEKEND MEALS TO CHILDREN FACING HUNGER IN SOUTH CAROLINA. RECOGNIZING THAT MANY CHILDREN RELY ON SCHOOL MEALS AS THEIR PRIMARY SOURCE OF NUTRITION, THIS PROGRAM AIMS TO BRIDGE THE GAP DURING WEEKENDS AND SCHOOL BREAKS WHEN THESE RESOURCES ARE UNAVAILABLE. THE PROGRAM DIRECTLY TACKLES THE ISSUE OF FOOD INSECURITY THAT MANY CHILDREN EXPERIENCE WHEN THEY ARE NOT IN SCHOOL. IT ENSURES THAT THESE VULNERABLE CHILDREN HAVE ACCESS TO NUTRITIOUS FOOD THROUGHOUT THE WEEKEND. HARVEST HOPE'S BACKPACK PROGRAM ACTS AS A VITAL SAFETY NET, PROVIDING ESSENTIAL WEEKEND NUTRITION TO CHILDREN WHO MIGHT OTHERWISE GO HUNGRY, THEREBY SUPPORTING THEIR WELL-BEING AND DEVELOPMENT. THE HARVEST HOPE FOOD BANK PARTICIPATES IN THE COMMODITY SUPPLEMENTAL FOOD PROGRAM (CSFP), A FEDERAL NUTRITION PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF AGRICULTURE (USDA). THIS PROGRAM IS SPECIFICALLY DESIGNED TO IMPROVE THE HEALTH OF LOW-INCOME INDIVIDUALS WHO ARE AT LEAST 60 YEARS OF AGE BY SUPPLEMENTING THEIR DIETS WITH NUTRITIOUS USDA FOODS.IN ADDITION TO PROVIDING FOOD, THE CSFP PROGRAM THROUGH HARVEST HOPE MAY ALSO OFFER VALUABLE NUTRITION INFORMATION TO HELP SENIORS MAKE INFORMED CHOICES ABOUT THEIR HEALTH AND WELL-BEING. THE CSFP PROGRAM ADMINISTERED BY HARVEST HOPE PLAYS A VITAL ROLE IN ADDRESSING FOOD INSECURITY AMONG LOW-INCOME SENIORS IN SOUTH CAROLINA, HELPING THEM ACCESS NUTRITIOUS FOOD TO MAINTAIN THEIR HEALTH AND OVERALL WELL-BEING.

Program 3

Expenses: $7,513,937

EMERGENCY FOOD PANTRY:WHILE HARVEST HOPE FOOD BANK PRIMARILY OPERATES THROUGH A NETWORK OF PARTNER AGENCIES TO DISTRIBUTE FOOD, THEY ALSO RUN THEIR OWN DIRECT EMERGENCY FOOD PANTRIES AT SOME OF THEIR FACILITY LOCATIONS. THESE PANTRIES SERVE AS A DIRECT POINT OF ACCESS FOR INDIVIDUALS AND FAMILIES FACING IMMEDIATE FOOD NEEDS. THESE DIRECT PANTRIES ARE AN INTEGRAL PART OF HARVEST HOPE'S BROADER MISSION TO ELIMINATE HUNGER AND FOOD INSECURITY IN SOUTH CAROLINA, COMPLEMENTING THEIR WORK WITH PARTNER AGENCIES AND OTHER PROGRAMS.

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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 $49,048,359

Program Service Revenue $995,135

Investment Income $2,875

Other Revenue $439,544

TOTAL REVENUE $50,485,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,444,045

Fundraising Expenses $541,218

Program Expenses $46,953,539

Other Expenses $43,782,143

TOTAL EXPENSES $48,226,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,485,913	$44,992,575	+0.1%
Expenses	$48,226,188	$44,464,658	+0.1%
Net Income	$2,259,725	$527,917	+3.3%

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

123

Volunteers

10566

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

$541,633

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JADA WILLIS	CHAIR	0.50	Officer Director	$0	$0	$0
MARK BOKESCH	DIRECTOR	0.50	Director	$0	$0	$0
CATHERINE BRAZELL	DIRECTOR	0.50	Director	$0	$0	$0
KEITH HEATON	DIRECTOR	0.50	Director	$0	$0	$0
SAM JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
ANNE MATTHEWS	DIRECTOR	0.50	Director	$0	$0	$0
RUSH SMITH	DIRECTOR	0.50	Director	$0	$0	$0
JOHN WELSH	DIRECTOR	0.50	Director	$0	$0	$0
LENORE ZEDOSKY	DIRECTOR	0.50	Director	$0	$0	$0
ERINN ROWE	CEO	37.50	Officer	$190,767	$16,909	$207,676
CYNTHIA SIMPSON	VP OF FINANCE	37.50	Officer	$123,150	$6,135	$129,285
ZEBULON YOUNG	EXECUTIVE VICE PRESIDENT	37.50	Officer	$129,557	$3,621	$133,178
JIMMY SCOTT	VICE PRESIDENT PHILANTHROPY	37.50	Officer	$41,834	$449	$42,283
TRENTON MCCLURE	VICE PRESIDENT PHILANTHROPY	37.50	Officer	$25,385	$18	$25,403
JILLIAN MICHELLE DYER	DIRECTOR OF FINANCE	37.50	Officer	$3,808	$0	$3,808

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	$50,485,913	$48,226,188	$30,355,286	$2,259,725
2023	$44,992,575	$44,464,658	$26,224,307	$527,917
2021	$52,907,942	$47,267,461	$18,459,507	$5,640,481
2020	$59,708,056	$53,654,845	$14,296,480	$6,053,211
2019	$56,680,355	$56,746,220	$5,828,572	$-65,865
2018	$52,342,403	$51,981,530	$5,753,261	$360,873