FOOD BANK COALITION OF SAN LUIS OB… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

MOLLY KERN

Phone

8052384664

Tax Period

2023-01-01 to 2023-12-31

FOOD BANK COALITION OF SAN LUIS OBISPO COUNTY, founded in 1988, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $10.5M in total revenue in fiscal year 2023. The organization ran a surplus of $1.7M, a strong 17% operating margin.

Mission

PROCUREMENT AND DISTRIBUTION OF FOOD TO AGENCIES SERVING THE NEEDY

Program Service Accomplishments

Program 1

Expenses: $4,457,094 Revenue: $144,223

AGENCY PARTNERS - THE SLO FOOD BANK WAREHOUSE SERVES AS A HUB THAT SUPPLIES FOOD TO A COALITION OF 70 NON-PROFIT AGENCIES THROUGHOUT SAN LUIS OBISPO COUNTY. THESE PARTNERS INCLUDE CHURCH PANTRIES...

AGENCY PARTNERS - THE SLO FOOD BANK WAREHOUSE SERVES AS A HUB THAT SUPPLIES FOOD TO A COALITION OF 70 NON-PROFIT AGENCIES THROUGHOUT SAN LUIS OBISPO COUNTY. THESE PARTNERS INCLUDE CHURCH PANTRIES, FREE MEAL SITES, AFTER-SCHOOL PROGRAMS, HOMELESS SHELTERS, RECOVERY HOMES, WOMEN'S SHELTERS, AND MORE AND OFFER FREE FOOD TO THOSE EXPERIENCING FOOD INSECURITY THROUGHOUT SLO COUNTY.

Program 2

Expenses: $2,268,604

DIRECT SERVICES- OUR NEIGHBORHOOD FOOD DISTRIBUTIONS DELIVER NUTRITIOUS FOOD TO EVERY COMMUNITY WITHIN SAN LUIS OBISPO COUNTY. THE SLO FOOD BANK USES FEDERAL, STATE, AND LOCAL DATA ON FOOD INSECURITY TO TARGET LOCATIONS OF THE HIGHEST NEED WITHIN OUR COUNTY. OUR STAFF AND FLEET OF REFRIGERATED TRUCKS DELIVER NUTRITIOUS FOOD DIRECTLY TO THESE SITES AND WORK ALONGSIDE OUR VOLUNTEER CORPS TO ENSURE ADEQUATE ACCESS TO HEALTHY FOOD.

Program 3

Expenses: $657,086

NUTRITION EDUCATION PROGRAM- THE SLO FOOD BANK BELIEVES HEALTHY FOOD CHOICES IMPROVE OUR COMMUNITY'S OVERALL PHYSICAL, SOCIAL, AND EMOTIONAL WELL-BEING. WE EMPOWER PARTICIPANTS TO MAKE HEALTHY...

NUTRITION EDUCATION PROGRAM- THE SLO FOOD BANK BELIEVES HEALTHY FOOD CHOICES IMPROVE OUR COMMUNITY'S OVERALL PHYSICAL, SOCIAL, AND EMOTIONAL WELL-BEING. WE EMPOWER PARTICIPANTS TO MAKE HEALTHY CHOICES THROUGH OUTREACH AND EDUCATION. THIS PROGRAM INCLUDES CHILDRENS AND SENIORS FARMERS' MARKETS, BREAKFAST BAG PROGRAM FOR SCHOOL-AGED CHILDREN, NUTRITION OUTREACH CLASSES AND DISTRIBUTION OF EDUCATIONAL MATERIALS.

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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 $10,016,786

Program Service Revenue $144,223

Investment Income $293,321

Other Revenue $1,515

TOTAL REVENUE $10,455,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,118,846

Fundraising Expenses $520,885

Program Expenses $7,703,239

Other Expenses $6,589,160

TOTAL EXPENSES $8,708,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,455,845	$10,516,881	0.0%
Expenses	$8,708,006	$7,866,370	+0.1%
Net Income	$1,747,839	$2,650,511	-0.3%

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

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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

1530

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

$328,422

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN CALDWELL	CHAIR	3.00	Officer Director	$0	$0	$0
KIM BISHEFF	VICE CHAIR	2.50	Officer Director	$0	$0	$0
MIKE QUAMMA	TREASURER	1.50	Officer Director	$0	$0	$0
MORGAN DEWAR	SECRETARY	1.50	Officer Director	$0	$0	$0
JOE SIMONIN	PAST CHAIR	1.50	Officer Director	$0	$0	$0
BOB AIKEN	DIRECTOR	1.50	Director	$0	$0	$0
MATT ALLEN	DIRECTOR	1.50	Director	$0	$0	$0
ANDREA CHAVEZ	DIRECTOR	1.50	Director	$0	$0	$0
ELLEN COHUNE	DIRECTOR	1.50	Director	$0	$0	$0
JOSH CROSS	DIRECTOR	1.50	Director	$0	$0	$0
KEITH DUNLOP	DIRECTOR	1.50	Director	$0	$0	$0
BRYAN IDLER	DIRECTOR	1.50	Director	$0	$0	$0
ERIK JUSTESEN	DIRECTOR	1.50	Director	$0	$0	$0
DONNA LEWIS	DIRECTOR	1.50	Director	$0	$0	$0
JARED SALTER	DIRECTOR	1.50	Director	$0	$0	$0
GARRET OLSON	CEO	40.00	Officer	$175,063	$10,816	$185,879
MOLLY KERN	COO	40.00	Officer	$133,204	$9,339	$142,543

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$10,455,845	$8,708,006	$14,903,547	$1,747,839
2022	$10,516,881	$7,866,370	$12,832,702	$2,650,511
2021	$12,122,062	$8,128,147	$10,663,552	$3,993,915
2020	$14,321,962	$10,080,428	$9,258,947	$4,241,534
2019	$7,058,996	$6,863,548	$4,902,182	$195,448
2018	$6,650,427	$6,589,020	$4,735,202	$61,407

FOOD BANK COALITION OF SAN LUIS OBISPO COUNTY