FORKS COMMUNITY FOOD BANK INC (EIN 911102628) - 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

1989

Legal Domicile

Principal Officer

PAT SODERLIND

Phone

3603744197

Tax Period

2024-01-01 to 2024-12-31

FORKS COMMUNITY FOOD BANK INC, founded in 1989, is a small nonprofit that reported $180K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $237K exceeded revenue, resulting in a 32% operating deficit.

Mission

PROCUREMENT, STORAGE & DISTRIBUTION OF FOOD FOR PEOPLE IN NEED IN WESTERN CLALLAM & JEFFERSON COUNTIES

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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 $145,259

Program Service Revenue $9,948

Investment Income $24,787

Other Revenue $0

TOTAL REVENUE $179,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,286

Fundraising Expenses $0

Program Expenses $225,012

Other Expenses $190,509

TOTAL EXPENSES $236,795

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,994	$230,338	-0.2%
Expenses	$236,795	$201,372	+0.2%
Net Income	$-56,801	$28,966	-3.0%

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

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
WILLIAM BRAGER	DIRECTOR	2.00	Director	$0	$0	$0
VICKY GOAKEY	DIRECTOR	2.00	Director	$0	$0	$0
KATIE HAAG	DIRECTOR	4.00	Director	$0	$0	$0
WARREN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER LIETZKE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KELLY MCCONNELL	TREASURER	2.00	Officer Director	$0	$0	$0
BERT PAUL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD PRESTON	PRESIDENT	3.00	Officer Director	$0	$0	$0
RUX SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARK SODERLIND	DIRECTOR	4.00	Director	$0	$0	$0
PAT SODERLIND	EXECUTIVE DI	14.00	Officer Director	$0	$0	$0
CHARLENE WESTON	DIRECTOR	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
2024	$179,994	$236,795	$357,761	$-56,801
2023	$230,338	$201,372	$414,465	$28,966
2022	$133,453	$186,581	$385,498	$-53,128
2021	$237,728	$116,035	$438,280	$121,693
2020	$173,758	$112,031	$317,862	$61,727
2019	$71,354	$72,904	$254,860	$-1,550
2018	$67,095	$56,579	$256,410	$10,516

FORKS COMMUNITY FOOD BANK INC