BAR HARBOR FOOD PANTRY

EIN: 800382871 501(c)(3) Food, Agriculture & Nutrition

BAR HARBOR, ME

Total Revenue
$1,113,871
Total Expenses
$617,533
Total Assets
$2,345,880
Net Assets
$1,545,446
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
JENA YOUNG
Phone
2072883375
Tax Period
2024-01-01 to 2024-12-31

BAR HARBOR FOOD PANTRY is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $496K, a strong 45% operating margin.

Mission

THE MISSION OF THE BAR HARBOR FOOD PANTRY IS TO PROVIDE A WELCOMING ENVIRONMENT FOR THE DISTRIBUTION OF FOOD AND OTHER HOUSEHOLD PRODUCTS FREE OF CHARGE TO HANCOCK COUNTY RESIDENTS IN NEED.

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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 $1,017,352
Program Service Revenue $47,160
Investment Income $49,359
Other Revenue $0
TOTAL REVENUE $1,113,871

Expense Breakdown

Grants Paid $0
Salaries & Benefits $256,889
Fundraising Expenses $20,401
Program Expenses $574,993
Other Expenses $360,644
TOTAL EXPENSES $617,533

Year-over-Year Comparison

2024 2023 Change
Revenue $1,113,871 $518,339 +1.1%
Expenses $617,533 $416,969 +0.5%
Net Income $496,338 $101,370 +3.9%
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
9
Independent Members
9
Employees
7
Volunteers
150

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
5
$0
Total Directors
10
$78,618
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM REEVE FORMER EXE D 40.00
Director
$78,618 $0 $78,618
VERONICA BRECEDA-HARRIS BOARD MEMBER N/A
Director
$0 $0 $0
LAURA INGERSON BOARD MEMBER N/A
Director
$0 $0 $0
KYLE MCKIM TREASURER N/A
Officer Director
$0 $0 $0
SONJA NORWOOD SECRETARY N/A
Officer Director
$0 $0 $0
KOURTNEY COLLUM PHD VICE CHAIR N/A
Officer Director
$0 $0 $0
HANNAH PHIPPEN BOARD MEMBER N/A
Director
$0 $0 $0
CAROL SHUTT BOARD MEMBER N/A
Officer Director
$0 $0 $0
CHRISTINE WITHAM BOARD MEMBER N/A
Director
$0 $0 $0
JENA YOUNG CHAIR N/A
Officer 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 $1,113,871 $617,533 $2,345,880 $496,338
2023 $518,339 $416,969 $1,050,618 $101,370
2022 $414,507 $320,387 $905,054 $94,120
2022 $414,507 $320,387 $905,054 $94,120
2021 $511,439 $371,896 $856,007 $139,543
2020 $658,787 $313,522 $704,715 $345,265
2019 $281,172 $221,873 $358,942 $59,299
2018 $245,156 $222,848 $299,319 $22,308
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