LOWCOUNTRY FOOD BANK INC

EIN: 570751835 501(c)(3)

CHARLESTON, SC

Total Revenue
$87,492,089
Total Expenses
$84,752,132
Total Assets
$33,677,037
Net Assets
$31,135,735
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
SC
Phone
8437478146
Tax Period
2023-01-01 to 2023-12-31

LOWCOUNTRY FOOD BANK INC, founded in 1983, is a mid-sized nonprofit that reported $87.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $84.8M left a modest 3% surplus.

Mission

To unite our community in pursuit of equitable, dignified and consistent access to food.

Program Service Accomplishments

Program 1
Expenses: $80,062,849 Revenue: $2,896,717

Food Distribution: The Lowcountry Food Bank's (LCFB) mission is to lead the fight against hunger in our community. Since 1983, we have been the premier hunger-relief organization in the 10 coastal...

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Food Distribution: The Lowcountry Food Bank's (LCFB) mission is to lead the fight against hunger in our community. Since 1983, we have been the premier hunger-relief organization in the 10 coastal counties of South Carolina (Beaufort, Berkeley, Charleston, Colleton, Dorchester, Georgetown, Hampton, Horry, Jasper and Williamsburg). In 2023, the LCFB distributed, in partnership with approximately 230 partners, over 42.8 million pounds, including over 18 million pounds of fresh produce to over 200,000 food-insecure children, seniors and families across coastal South Carolina. The Commodity Supplemental Food Program (CSFP) served approximately 3,000 seniors monthly.

Program 2
Expenses: $1,436,286 Revenue: $1,021,792

Child and Senior Hunger-Relief Programs: Lowcountry Food Bank reaches children and seniors through multiple programs. Through our BackPack Buddies program, we reached over 3,000 children a week...

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Child and Senior Hunger-Relief Programs: Lowcountry Food Bank reaches children and seniors through multiple programs. Through our BackPack Buddies program, we reached over 3,000 children a week during the school year, distributing more than 105,000 BackPack Buddies bags. We partnered with 38 schools to reach students and their families through either pre-packed boxes or an onsite market, distributing over 106,000 pounds of food. Through our Kids Cafe program, we work with afterschool program partners to provide supper meals and/or snacks to over 900 children daily at 25 sites. During the summer months, we worked with summer camps to distribute over 20,000 meals to 18 sites. Our Fresh for Kids program included 72 Pop-Up Produce events, distributing more than 79,000 pounds of fresh produce to students and their families. The seniors and veterans in our community continued to be fed through our partnerships with Meals on Wheels and other organizations reaching seniors and other homebound adults; more than 141,000 prepared meals were delivered to seniors and 4,600 meals to our veterans.

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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 (2023)

Revenue Breakdown

Contributions & Grants $82,368,552
Program Service Revenue $3,918,509
Investment Income $436,987
Other Revenue $768,041
TOTAL REVENUE $87,492,089

Expense Breakdown

Grants Paid $74,634,528
Salaries & Benefits $5,712,834
Fundraising Expenses $1,452,719
Program Expenses $81,499,135
Other Expenses $3,990,288
TOTAL EXPENSES $84,752,132

Year-over-Year Comparison

2023 2022 Change
Revenue $87,492,089 $79,157,001 +0.1%
Expenses $84,752,132 $76,952,006 +0.1%
Net Income $2,739,957 $2,204,995 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
102
Volunteers
8000

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
8
$817,485
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Treasurer 5.0
Officer Director
$0 $0 $0
N/A Secretary 5.0
Officer Director
$0 $0 $0
N/A Chair 5.0
Officer Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Vice-Chair 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A Member 1.0
Director
$0 $0 $0
N/A CDO 40.0
Officer
$148,264 $15,086 $163,350
N/A CFO 40.0
Officer
$113,369 $8,051 $121,420
N/A CPO 40.0
Officer
$107,932 $13,048 $120,980
N/A COO 40.0
Officer
$132,103 $14,669 $146,772
N/A President & CEO 40.0
Officer
$244,337 $20,626 $264,963
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 No data No data No data No data
2023 $87,492,089 $84,752,132 $33,677,037 $2,739,957
2022 $79,157,001 $76,952,006 $28,776,345 $2,204,995
2021 $81,411,655 $75,714,291 $27,953,489 $5,697,364
2020 $78,517,842 $69,439,118 $24,232,316 $9,078,724
2019 $58,320,273 $56,879,763 $13,120,410 $1,440,510
2018 $59,712,784 $59,070,140 $11,734,625 $642,644
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