FOOD BANK OF GREENWOOD COUNTY

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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

1983

Legal Domicile

Principal Officer

ANDREA WHITE

Phone

8642271556

Tax Period

2024-01-01 to 2024-12-31

FOOD BANK OF GREENWOOD COUNTY, founded in 1983, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF THE FOOD BANK OF GREENWOOD COUNTY IS TO REDUCE HUNGER THROUGH COMMUNITY COOPERATION, EFFECTIVELY DISTRIBUTING DONATED GROCERY PRODUCTS AND PERISHABLE FOODS, AND MAKING THE BEST POSSIBLE USE OF ALL AVAILABLE RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $1,200,775

THE FOOD BANK OF GREENWOOD COUNTY UTILIZES VARIOUS OPPORTUNITIES TO ADDRESS FOOD INSECURITY. -EMERGENCY FOOD PANTRY: DEPENDING UPON AVAILABILITY, PARTICIPANTS IN THIS PROGRAM CAN RECEIVE MEAT, MILK, EGGS, BREAD, PASTRIES, DRY GOODS, AND CANNED GOODS. PARTICIPANTS IN THIS PROGRAM MUST QUALIFY BY MEETING THE INCOME LEVEL REQUIREMENTS. -SOWING SEEDS PROGRAM: THIS PROGRAM ALLOWS CLIENTS TO INVEST A SMALL AMOUNT OF MONEY TO RECEIVE FOOD ESSENTIALS SUCH AS MILK, EGGS, BREAD, AND CANNED GOODS TO HELP THEM REMAIN HEALTHY DURING EVEN THE TOUGHEST OF TIMES. CLIENTS IN THIS PROGRAM MUST MEET CERTAIN INCOME GUIDELINES. -SENIOR BOXES: COMMODITY BOXES ARE DISTRIBUTED MONTHLY TO QUALIFYING SENIORS 60+ YEARS OF AGE. -MOBILE SITES: THE FOOD BANK TRAVELS TO DIFFERENT SITES IN GREENWOOD COUNTY EACH MONTH TO DISTRIBUTE FOOD TO THOSE WHO QUALIFY. -WEEKEND BACKPACK PROGRAM: FOOD PACKS STOCKED WITH KID-FRIENDLY AND NUTRITIOUS FOOD ARE DISTRIBUTED IN A DISCREET MANNER ON FRIDAYS TO CHILDREN AT RISK OF WEEKEND HUNGER. -GREENWOOD SOUP KITCHEN: THE SOUP KITCHEN SERVES HOT MEALS FROM 11 AM TO 12 PM, MONDAY THROUGH SATURDAY, WELCOMING INDIVIDUALS TO DINE IN AND ENJOY A NUTRITIOUS MEAL.

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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 $1,092,993

Program Service Revenue $0

Investment Income $9,163

Other Revenue $40,090

TOTAL REVENUE $1,142,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,627

Fundraising Expenses $0

Program Expenses $1,200,775

Other Expenses $1,117,467

TOTAL EXPENSES $1,278,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,142,246	$863,963	+0.3%
Expenses	$1,278,094	$851,244	+0.5%
Net Income	$-135,848	$12,719	-11.7%

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

Volunteers

124

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

$76,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA WHITE	EXECUTIVE DI	40.00	Officer	$76,350	$0	$76,350
GEORGE COLEMAN	BOARD MEMBER	0.15	Director	$0	$0	$0
JILLIAN COLEMAN	BOARD MEMBER	0.15	Director	$0	$0	$0
BRITTANY DUNLAP	BOARD MEMBER	0.15	Director	$0	$0	$0
RICK FAULKS	BOARD MEMBER	0.15	Director	$0	$0	$0
OTIS GRIER	VICE CHAIR	0.15	Officer Director	$0	$0	$0
AUDRA IRICK	CHAIR	0.15	Officer Director	$0	$0	$0
CINDY MARKWARD	SECRETARY	0.15	Officer Director	$0	$0	$0
TORRITTA W MOSS	TREASURER	0.15	Officer Director	$0	$0	$0
FLOYD NICHOLSON	BOARD MEMBER	0.15	Director	$0	$0	$0
JACOB SHEARER	BOARD MEMBER	N/A	Director	$0	$0	$0
NANCY WICKER	BOARD MEMBER	0.15	Director	$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	$1,142,246	$1,278,094	$263,792	$-135,848
2023	$863,963	$851,244	$239,436	$12,719
2022	$528,559	$485,703	$226,008	$42,856
2021	$216,967	$124,863	$183,152	$92,104
2021	$468,102	$493,114	$91,048	$-25,012
2020	$470,684	$641,174	$139,359	$-170,490
2019	$531,561	$468,830	$286,549	$62,731
2018	$664,046	$634,069	$223,818	$29,977