Ely Area Food Shelf

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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

2020

Legal Domicile

Tax Period

2025-01-01 to 2025-12-31

Ely Area Food Shelf, founded in 2020, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $410K in total revenue in fiscal year 2025. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $205K, a strong 50% operating margin.

Mission

The Ely Area Food Shelf works to eliminate hunger for people living in Ely and its surrounding communities.

Program Service Accomplishments

Program 1

Expenses: $168,970

Since 2002 the Ely Area Food Shelf has been working together with our partners (volunteers, community businesses, financial supporters and other community nonprofits) to end food insecurity in Ely...

Since 2002 the Ely Area Food Shelf has been working together with our partners (volunteers, community businesses, financial supporters and other community nonprofits) to end food insecurity in Ely and the surrounding communities.

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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 $406,009

Program Service Revenue $0

Investment Income $4,474

Other Revenue $0

TOTAL REVENUE $410,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,653

Fundraising Expenses $0

Program Expenses $168,970

Other Expenses $174,961

TOTAL EXPENSES $205,614

Year-over-Year Comparison

	2025	2024	Change
Revenue	$410,483	$218,921	+0.9%
Expenses	$205,614	$198,572	+0.0%
Net Income	$204,869	$20,349	+9.1%

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

120

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 Smith	President	2.00	Officer Director	$0	$0	$0
Joellyn Motenson	Vice President	2.00	Officer Director	$0	$0	$0
Sandra Nickolson	N/A	2.00	Director	$0	$0	$0
Nancy Hernesmaa	Secretary	2.00	Director	$0	$0	$0
Pamela Ransom	N/A	0.00	Officer Director	$0	$0	$0
Mary Ross	N/A	2.00	Director	$0	$0	$0
Nancy Schwartz	Executive Director	22.50	Key Emp	$0	$0	$0
Karen McManus	Treasurer	0.00	Officer	$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	$410,483	$205,614	$1,035,831	$204,869
2024	No data	No data	No data	No data
2023	$212,921	$218,631	$816,898	$-5,710
2022	$264,801	$121,625	$793,194	$143,176
2021	$232,633	$117,769	$652,640	$114,864