FOOD BANK FOR MONTEREY 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

1990

Legal Domicile

Principal Officer

SUSAN SPIEGEL

Phone

8317581523

Tax Period

2024-07-01 to 2025-06-30

FOOD BANK FOR MONTEREY COUNTY, founded in 1990, is a mid-sized nonprofit in the Unknown sector that reported $27.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

TO DISTRIBUTE FOOD TO ALLEVIATE HUNGER, PROVIDE EMERGENCY FOOD SERVICES DURING A NATURAL DISASTER, AND CONDUCT EDUCATIONAL AWARENESS PROGRAMS RELATING TO HUNGER ISSUES IN MONTEREY COUNTY.

Program Service Accomplishments

Program 1

Expenses: $13,585,676

EMERGENCY FOOD ASSISTANCE PROGRAM (EFAP) - THIS PROGRAM DISTRIBUTES USDA FOOD COMMODITIES AT 112 SITES THROUGHOUT MONTEREY COUNTY ON A WEEKLY BASIS TO FAMILIES IN NEED. ON AVERAGE, THIS ONE PROGRAM ALONE SERVES 24,330 HOUSEHOLDS PER MONTH, WITH A TOTAL OF 8.5 MILLION POUNDS OF FOOD ANNUALLY.

Program 2

Expenses: $12,773,762

AGENCY CLEARINGHOUSE PROGRAM - THIS IS A NETWORK OF APPROXIMATELY 112 MONTEREY COUNTY NON-PROFIT AGENCIES THAT RELY ON THE FOOD BANK AS THEIR PRIMARY FOOD RESOURCE TO PROVIDE FOOD ASSISTANCE THAT...

AGENCY CLEARINGHOUSE PROGRAM - THIS IS A NETWORK OF APPROXIMATELY 112 MONTEREY COUNTY NON-PROFIT AGENCIES THAT RELY ON THE FOOD BANK AS THEIR PRIMARY FOOD RESOURCE TO PROVIDE FOOD ASSISTANCE THAT SERVE THE ELDERLY, CHRONICALLY ILL, HOMELESS, UNEMPLOYED, AND WORKING POOR. THE AGENCIES SERVED 152,750 HOUSEHOLDS WITH 3.5 MILLION POUNDS OF FOOD.

Program 3

Expenses: $2,790,864

FAMILY MARKET - THIS IS THE FOOD BANK'S DIRECT FOOD DISTRIBUTION PROGRAM AND OPERATES LIKE A FARMER'S MARKET. FOOD DISTRIBUTED CONSISTS OF FRESH, LOCALLY GROWN PRODUCE AND OTHER PRODUCE FROM THE...

FAMILY MARKET - THIS IS THE FOOD BANK'S DIRECT FOOD DISTRIBUTION PROGRAM AND OPERATES LIKE A FARMER'S MARKET. FOOD DISTRIBUTED CONSISTS OF FRESH, LOCALLY GROWN PRODUCE AND OTHER PRODUCE FROM THE STATE OF CALIFORNIA. IT IS TO HELP WITH THE GROWING HEALTH CONCERNS AMONG THE POPULATION SERVED, SPECIFICALLY DIABETES AND OBESITY. THERE ARE NOW A TOTAL OF 10 SITES COUNTYWIDE THAT EACH SERVE BETWEEN 200-400 PEOPLE WITH EACH HOUSEHOLD RECEIVING APPROXIMATELY 50-100 POUNDS OF FOOD.

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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 $27,283,940

Program Service Revenue $338,052

Investment Income $108,945

Other Revenue $155,819

TOTAL REVENUE $27,886,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,784,399

Fundraising Expenses $166,773

Program Expenses $29,168,126

Other Expenses $26,374,668

TOTAL EXPENSES $30,159,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,886,756	$33,958,615	-0.2%
Expenses	$30,159,067	$33,925,350	-0.1%
Net Income	$-2,272,311	$33,265	-69.3%

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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN MYERS	ATTORNEY	1.00	Officer Director	$0	$0	$0
LAURA BOWLING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL KIRMIL JR	TREASURER	1.00	Director	$0	$0	$0
DE ANN DAVIS	VP FOOD SAFETY & QUALITY	1.00	Director	$0	$0	$0
MICHELLE ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
TAMA BISTRIAN	PRESIDENT	1.00	Officer	$0	$0	$0
MELISSA KENDRICK	CEO	40.00	Highest	$185,370	$0	$185,370
CATHLEEN MONTERO	CFO	40.00	Highest	$148,273	$0	$148,273

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	$27,886,756	$30,159,067	$26,614,002	$-2,272,311
2024	$33,958,615	$33,925,350	$28,985,644	$33,265
2023	$28,850,256	$26,495,705	$28,839,715	$2,354,551
2022	$28,927,721	$25,350,985	$26,383,272	$3,576,736
2021	$53,481,043	$45,029,132	$29,958,926	$8,451,911
2020	$25,870,545	$20,225,032	$22,078,065	$5,645,513
2019	$16,637,295	$15,744,133	$16,097,816	$893,162