LIBBY FOOD PANTRY INC

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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

1979

Legal Domicile

Principal Officer

KAREN CASEY

Phone

4062936966

Tax Period

2024-01-01 to 2024-12-31

LIBBY FOOD PANTRY INC, founded in 1979, is a small nonprofit that reported $202K in total revenue in fiscal year 2024. Revenue surged 91261% from the prior year, signaling strong growth momentum. Expenses of $366K exceeded revenue, resulting in a 81% operating deficit.

Mission

PROVIDING FOOD FOR LOW INCOME FAMILIES

Program Service Accomplishments

Program 1

Expenses: $364,269 Revenue: $201,907

PROVIDED FOOD TO AREA NEEDY PEOPLE BASED UPON ESTABLISHED GUIDELINES. DURING 2024, 7761 QUALIFYING PEOPLE WERE GIVEN FOOD. ALSO, 88,483 POUNDS OF FOOD WERE RECEIVED FROM THE GENERAL PUBLIC AND AREA BUSINESSES. THE ORGANIZATION, IN ADDITION, PURCHASED 109,505 LBS OF FOOD IN 2024 FOR DISTRIBUTION TO QUALIFYING PEOPLE. AVERAGE ANNUAL HOUSEHOLD INCOME OF RECIPIENTS WAS $14,330.

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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 $201,907

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $364,269

Other Expenses $365,540

TOTAL EXPENSES $365,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,907	$221	+912.6%
Expenses	$365,540	$238,439	+0.5%
Net Income	$-163,633	$-238,218	-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

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

N/A

Employees

N/A

Volunteers

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
CHLOE ADAMSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
RHEA BERNARDY	SECRETARY	5.00	Officer Director	$0	$0	$0
NEIL BERNARDY	VICE PRESIDENT	5.00	Director	$0	$0	$0
KAREN CASEY	TREASURER	5.00	Officer Director	$0	$0	$0
BETSY MILLER	DIRECTOR	5.00	Director	$0	$0	$0
KEITH IVERS	DIRECTOR	5.00	Director	$0	$0	$0
BONITA DUNCAN	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT ERICKSON	DIRECTOR	5.00	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	$201,907	$365,540	No data	$-163,633
2023	$221	$238,439	No data	$-238,218
2022	$319,439	$155,491	No data	$163,948
2021	$100,572	$90,505	No data	$10,067
2020	$232,710	$142,206	No data	$90,504
2019	$114,533	$101,231	$54,079	$13,302
2018	$98,205	$84,808	$74,510	$13,397