EDMONDS FOOD BANK (EIN 842209131) - 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

2019

Legal Domicile

Principal Officer

KATHERINE C DAVIS

Phone

4257785833

Tax Period

2024-07-01 to 2025-06-30

EDMONDS FOOD BANK, founded in 2019, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $4.0M left a modest 6% surplus.

Mission

EDMONDS FOOD BANK WORKS TO PROMOTE FOOD SECURITY AND SELF RELIANCE BY PROVIDING CLIENTS A FRIENDLY, SAFE ENVIRONMENT AND WHOLESOME FOODS EACH WEEK AND WORKS TO INCREASE COMMUNITY AWARENESS OF FOOD INSECURITY AND ITS ROOT CAUSES IN THE EDMONDS COMMUNITY.

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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 $4,129,188

Program Service Revenue $0

Investment Income $65,332

Other Revenue $21,292

TOTAL REVENUE $4,215,812

Expense Breakdown

Grants Paid $2,350,747

Salaries & Benefits $763,979

Fundraising Expenses $195,281

Program Expenses $3,639,076

Other Expenses $859,982

TOTAL EXPENSES $3,974,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,215,812	$3,497,016	+0.2%
Expenses	$3,974,708	$3,736,729	+0.1%
Net Income	$241,104	$-239,713	-2.0%

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

1536

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

$133,446

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY HARE	CHAIR	20.00	Officer Director	$0	$0	$0
ASHLEY DAVIS	VICE CHAIR	10.00	Officer Director	$0	$0	$0
CHRIS COLLISSON	TREASURER	5.00	Officer Director	$0	$0	$0
WHITNEY RIVERA	SECRETARY	5.00	Officer Director	$0	$0	$0
JENNIFER HIGGINS	MEMBER	15.00	Director	$0	$0	$0
KURT WRISLEY	MEMBER	15.00	Director	$0	$0	$0
PAT SHIELDS	PAST CHAIR	10.00	Director	$0	$0	$0
DEBBIE RYDEN	MEMBER	5.00	Director	$0	$0	$0
BRAD SHIPLEY	MEMBER	2.00	Director	$0	$0	$0
KEN GRANT	MEMBER	2.00	Director	$0	$0	$0
TED TAYLOR	MEMBER THROUGH JULY	2.00	Director	$0	$0	$0
JOOMI KIM	MEMBER THROUGH JANUARY	2.00	Director	$0	$0	$0
MITRA KARAMI	MEMBER THROUGH JANUARY	2.00	Director	$0	$0	$0
KATHERINE C DAVIS	EXECUTIVE DIRECTOR	40.00	Officer	$124,000	$9,446	$133,446

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	$4,215,812	$3,974,708	$2,420,800	$241,104
2024	$3,497,016	$3,736,729	$2,198,927	$-239,713
2023	$2,936,141	$2,810,429	$2,422,931	$125,712
2022	$2,769,757	$2,471,655	$2,258,786	$298,102
2021	$3,205,432	$2,248,167	$1,937,447	$957,265
2020	$1,501,372	$1,093,740	$1,022,488	$407,632

EDMONDS FOOD BANK