Alternatives to Hunger Bellingham Food Bank (EIN 910918619) - 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

1974

Legal Domicile

Principal Officer

Mike Cohen

Phone

3606760392

Tax Period

2023-01-01 to 2023-12-31

Alternatives to Hunger Bellingham Food Bank, founded in 1974, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $13.7M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

Reduce hunger by: creating access to high quality, desirable food and other essentials; building a responsive regional hunger relief network; and disrupting racism, because of its historical and structural connection to hunger and poverty.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,505,494

Program Service Revenue $0

Investment Income $174,868

Other Revenue $0

TOTAL REVENUE $13,680,362

Expense Breakdown

Grants Paid $11,266,581

Salaries & Benefits $1,744,553

Fundraising Expenses $109,153

Program Expenses $13,408,810

Other Expenses $1,031,958

TOTAL EXPENSES $14,043,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,680,362	$9,820,843	+0.4%
Expenses	$14,043,092	$12,392,856	+0.1%
Net Income	$-362,730	$-2,572,013	-0.9%

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

471

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

$177,325

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Cohen	Executive Dir.	45.00	Officer	$133,369	$17,635	$151,004
Bob Norton	CFO	40.00		$102,309	$15,099	$117,408
Ben Twigg	CFO	40.00	Officer	$23,255	$3,066	$26,321
Rocio Castillo-Foell	President	4.00	Officer Director	$0	$0	$0
Etalia Slominski	Vice President	2.00	Officer Director	$0	$0	$0
Justin Remaklus	Treasurer	2.00	Officer Director	$0	$0	$0
Betsy Pernotto	Secretary	2.00	Officer Director	$0	$0	$0
Bill Chambers	Director	1.00	Director	$0	$0	$0
Patrick Doran	Director	1.00	Director	$0	$0	$0
Carlos Morales	Director	1.00	Director	$0	$0	$0
Scott Jones	Director	2.00	Director	$0	$0	$0
Joseph Timmons	Director	1.00	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	No data	No data	No data	No data
2023	$13,680,362	$14,043,092	$11,916,225	$-362,730
2022	$9,820,843	$12,392,856	$11,086,447	$-2,572,013
2021	$9,214,173	$8,220,114	$14,845,040	$994,059
2020	$10,317,646	$7,232,468	$13,397,882	$3,085,178
2019	$7,617,759	$7,807,587	$9,586,896	$-189,828
2018	$7,751,505	$7,357,566	$9,212,378	$393,939

Alternatives to Hunger Bellingham Food Bank