SECOND HARVEST FOOD BANK OF NORTHWEST NC INC

EIN: 581457912 501(c)(3) Food, Agriculture & Nutrition

WINSTON SALEM, NC

Total Revenue
$102,400,620
Total Expenses
$94,174,460
Total Assets
$41,195,407
Net Assets
$31,007,952
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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
NC
Principal Officer
ERIC A AFT
Phone
3367845770
Tax Period
2024-07-01 to 2025-06-30

SECOND HARVEST FOOD BANK OF NORTHWEST NC INC, founded in 1981, is a major nonprofit in the Food, Agriculture & Nutrition sector that reported $102.4M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $94.2M left a modest 8% surplus.

Mission

OPERATION OF FOOD BANK IN NORTH CAROLINA

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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 (2024)

Revenue Breakdown

Contributions & Grants $100,051,715
Program Service Revenue $1,881,376
Investment Income $455,797
Other Revenue $11,732
TOTAL REVENUE $102,400,620

Expense Breakdown

Grants Paid $82,505,935
Salaries & Benefits $5,898,465
Fundraising Expenses $1,977,744
Program Expenses $90,774,188
Other Expenses $5,553,433
TOTAL EXPENSES $94,174,460

Year-over-Year Comparison

2024 2023 Change
Revenue $102,400,620 $85,811,678 +0.2%
Expenses $94,174,460 $83,005,211 +0.1%
Net Income $8,226,160 $2,806,467 +1.9%
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

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Governance

Voting Members
17
Independent Members
17
Employees
154
Volunteers
7925

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
13
$990,484
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONYA DEEM CHAIR 2.00
Officer Director
$0 $0 $0
BARBARA RAFFALDINI SECRETARY 2.00
Officer Director
$0 $0 $0
HOWARD UPCHURCH TREASURER 2.00
Officer Director
$0 $0 $0
ANN GARNER RIDDLE PAST CHAIR 2.00
Officer Director
$0 $0 $0
MICHELLE BUTT DIRECTOR 1.50
Director
$0 $0 $0
SUSAN COX DIRECTOR 1.50
Director
$0 $0 $0
JOSH CRANE DIRECTOR 1.50
Director
$0 $0 $0
LAUREN DAVIS DIRECTOR 1.50
Director
$0 $0 $0
MADELINA FORDHAM DIRECTOR 1.50
Director
$0 $0 $0
ANDREW S HOLMES DIRECTOR 1.50
Director
$0 $0 $0
VICTOR ISLER DIRECTOR 1.50
Director
$0 $0 $0
KIMBERLY MONTEZ DIRECTOR 1.50
Director
$0 $0 $0
TED OLIVER DIRECTOR 1.50
Director
$0 $0 $0
ZANZELLA FOSTER SAVOY DIRECTOR 1.50
Director
$0 $0 $0
SCOTT SEWELL DIRECTOR 1.50
Director
$0 $0 $0
STUART STOGNER DIRECTOR 1.50
Director
$0 $0 $0
KEVIN THOMERSON DIRECTOR 1.50
Director
$0 $0 $0
TRAVIS GARLAND VICE CHAIR T 1.50
Officer Director
$0 $0 $0
TIM FAVINGER TREASURER TH 1.50
Officer Director
$0 $0 $0
MICHELLE COOK GOV CHR THRU 1.50
Officer Director
$0 $0 $0
JENNI BROYLES DIRECTOR THR 1.50
Director
$0 $0 $0
SAMMY GIANOPOULOS DIRECTOR THR 1.50
Director
$0 $0 $0
REVEREND DAVID HARRISON JR DIRECTOR THR 1.50
Director
$0 $0 $0
TRACY M MYERS DIRECTOR THR 1.50
Director
$0 $0 $0
MATTHEW THIEL DIRECTOR THR 1.50
Director
$0 $0 $0
ERIC A AFT CEO 57.50
Officer
$233,928 $22,745 $256,673
LISA RICHARDSON VP OPERATION 50.00
Officer
$140,467 $15,814 $156,281
CAROLYN BREESE VP PHILANTHR 50.00
Officer
$143,569 $18,835 $162,404
JEFF BACON VP & EXEC DI 1.50
Officer
$116,173 $15,875 $132,048
JOSH FULLER VP FINANCE 50.00
Officer
$147,054 $14,341 $161,395
NIKKI MCCORMICK VP PARTNERSH 50.00
Officer
$103,881 $17,802 $121,683
MATTHEW DARRELL NOOE SNR DIR CREA 50.00
Highest
$116,458 $17,595 $134,053
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 $102,400,620 $94,174,460 $41,195,407 $8,226,160
2024 $85,811,678 $83,005,211 $34,158,778 $2,806,467
2023 $73,805,465 $74,497,004 $32,943,290 $-691,539
2022 $84,978,237 $72,953,989 $40,643,437 $12,024,248
2021 $93,340,468 $81,470,635 $32,221,035 $11,869,833
2020 $83,074,876 $73,595,720 $19,083,478 $9,479,156
2019 $63,541,816 $62,013,737 $7,851,918 $1,528,079
2018 $62,314,472 $62,986,724 $5,955,264 $-672,252
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