Palm Beach County Food Bank Inc (EIN 900788707) - 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

2012

Legal Domicile

Principal Officer

Jamie Kendall

Phone

5616702518

Tax Period

2024-07-01 to 2025-06-30

Palm Beach County Food Bank Inc, founded in 2012, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $35.0M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $33.9M left a modest 3% surplus.

Mission

Together, we nourish our neighbors and improve their lives one meal at a time.

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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 $34,538,104

Program Service Revenue $0

Investment Income $451,593

Other Revenue $-12,252

TOTAL REVENUE $34,977,445

Expense Breakdown

Grants Paid $26,501,905

Salaries & Benefits $2,937,333

Fundraising Expenses $891,934

Program Expenses $32,543,388

Other Expenses $4,304,656

TOTAL EXPENSES $33,923,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,977,445	$39,302,978	-0.1%
Expenses	$33,923,352	$34,128,597	0.0%
Net Income	$1,054,093	$5,174,381	-0.8%

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

9766

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

$379,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marti LaTour	Chairman	1.00	Officer Director	$0	$0	$0
James Greco	Vice Chairman	1.00	Officer Director	$0	$0	$0
Deborah Pucillo	Vice Chairman	1.00	Officer Director	$0	$0	$0
Nancy Bolton	Vice Chairman	1.00	Officer Director	$0	$0	$0
Bob O'Connell	Treasurer	1.00	Officer Director	$0	$0	$0
Dorian Daggs	Secretary	1.00	Officer Director	$0	$0	$0
Mark Busse	Director	1.00	Director	$0	$0	$0
Susan Rabinowitz	Director	1.00	Director	$0	$0	$0
John Fumero	Director	1.00	Director	$0	$0	$0
Laura Russell	Director	1.00	Director	$0	$0	$0
Stephen Basore	Director	1.00	Director	$0	$0	$0
Billy Himmelrich	Director	1.00	Director	$0	$0	$0
Joe Kyles	Director	1.00	Director	$0	$0	$0
Eileen Acello	Director	1.00	Director	$0	$0	$0
Julie Daum	Director	1.00	Director	$0	$0	$0
Jamie Kendall	CEO	40.00	Officer	$208,720	$16,913	$225,633
Michael Groover	CFO	40.00	Officer	$139,352	$14,061	$153,413

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	$34,977,445	$33,923,352	$31,972,738	$1,054,093
2024	$39,302,978	$34,128,597	$31,299,151	$5,174,381
2023	$34,534,806	$29,027,340	$26,027,292	$5,507,466
2022	$23,359,181	$22,909,869	$16,090,955	$449,312
2021	$39,829,574	$34,987,509	$15,789,163	$4,842,065
2020	$23,710,937	$19,877,002	$6,946,803	$3,833,935
2019	$11,743,064	$11,035,777	$2,798,962	$707,287
2019	$11,743,064	$11,035,777	$2,798,962	$707,287
2018	$9,504,485	$9,941,638	$2,104,569	$-437,153

Palm Beach County Food Bank Inc