Sharenet Food Bank (EIN 824153719) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

Rae Holt

Phone

3602972266

Tax Period

2025-01-01 to 2025-12-31

Sharenet Food Bank, founded in 2018, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.2M in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 64% operating deficit.

Mission

Address hunger and poverty in North Kitsap with meaningful programs in a nourshing environment

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,043,256

Program Service Revenue $0

Investment Income $22,021

Other Revenue $121,703

TOTAL REVENUE $1,186,980

Expense Breakdown

Grants Paid $27,044

Salaries & Benefits $188,799

Fundraising Expenses $0

Program Expenses $536,882

Other Expenses $1,728,946

TOTAL EXPENSES $1,944,789

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,186,980	$1,325,477	-0.1%
Expenses	$1,944,789	$1,364,113	+0.4%
Net Income	$-757,809	$-38,636	+18.6%

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

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

$75,325

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK INCE	Executive Director	40.00	Key Emp	$75,325	$0	$75,325
KATHY RAYMOND	Treasurer	5.00	Officer Director	$0	$0	$0
DENISE HENDERSON	Board Member	2.00	Director	$0	$0	$0
CHRIS ANDERSON	Secretary	2.00	Officer Director	$0	$0	$0
RAE HOLT	President	5.00	Officer Director	$0	$0	$0
BEN DEGNIN	Board Member	2.00	Director	$0	$0	$0
ARIEL MCDERMOTT	Board Member	2.00	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
2025	$1,186,980	$1,944,789	$882,927	$-757,809
2024	$1,325,477	$1,364,113	$706,428	$-38,636
2023	$427,413	$408,618	$749,240	$18,795
2022	$391,457	$315,371	$728,075	$76,086
2021	$564,770	$395,746	$643,030	$169,024
2020	$678,343	$428,005	$492,006	$250,338
2019	$464,841	$449,934	$226,847	$14,907
2018	$686,116	$477,787	$215,146	$208,329

Sharenet Food Bank