SECOND HARVEST FOOD BANK OF EAST TENNESSEE (EIN 581450139) - Form 990 Financial Analysis & Trantor Score

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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

ELAINE STRENO

Phone

8652438200

Tax Period

2024-07-01 to 2025-06-30

SECOND HARVEST FOOD BANK OF EAST TENNESSEE, founded in 1981, is a mid-sized nonprofit that reported $51.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

ADDRESSING THE NUTRITIONAL NEEDS OF PEOPLE EXPERIENCING HUNGER IN 18 COUNTIES OF EAST TENNESSEE.

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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 $47,328,030

Program Service Revenue $4,045,773

Investment Income $476,313

Other Revenue $-14,242

TOTAL REVENUE $51,835,874

Expense Breakdown

Grants Paid $346,024

Salaries & Benefits $4,416,182

Fundraising Expenses $1,754,301

Program Expenses $47,529,680

Other Expenses $45,524,905

TOTAL EXPENSES $50,287,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,835,874	$46,577,916	+0.1%
Expenses	$50,287,111	$47,619,415	+0.1%
Net Income	$1,548,763	$-1,041,499	-2.5%

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

10849

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

$356,112

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB OGLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICK BIRMINGHAM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LORI HICKOK	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DREW EVERETT	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB HARALSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID REYNOLDS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID KEIM	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM MCLEMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN JOHN ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER OSWALT	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN RIDDER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID OWENS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELAINE STRENO	EXECUTIVE DIRECTOR	40.00	Officer	$206,552	$18,766	$225,318
JOYCE ZIRKLE	CHIEF FINANCIAL OFFICER	32.00	Officer	$117,481	$13,313	$130,794
RACHAEL ELLIS	DIRECTOR OF DEVELOPMENT	40.00	Highest	$103,819	$5,562	$109,381

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	$51,835,874	$50,287,111	$34,662,760	$1,548,763
2024	$46,577,916	$47,619,415	$31,393,115	$-1,041,499
2023	$40,937,339	$41,108,447	$30,197,704	$-171,108
2022	$40,115,958	$39,309,219	$28,785,775	$806,739
2021	$53,011,625	$37,412,896	$29,740,817	$15,598,729
2020	$37,178,156	$33,546,775	$13,923,063	$3,631,381
2019	$30,903,644	$30,691,782	$9,916,049	$211,862
2018	$30,142,348	$29,459,754	$9,691,139	$682,594

SECOND HARVEST FOOD BANK OF EAST TENNESSEE