Bremerton Foodline (EIN 911111086) - 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

1980

Legal Domicile

Principal Officer

JAMIE CALLAHAN

Phone

3604796188

Tax Period

2023-01-01 to 2023-12-31

Bremerton Foodline, founded in 1980, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

Provide food and referral services at no cost in a caring and respectful manner to those in need within our 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 (2023)

Revenue Breakdown

Contributions & Grants $1,400,794

Program Service Revenue $0

Investment Income $5,141

Other Revenue $88,316

TOTAL REVENUE $1,494,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,152

Fundraising Expenses $14,262

Program Expenses $1,590,429

Other Expenses $1,379,369

TOTAL EXPENSES $1,748,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,494,251	$1,011,103	+0.5%
Expenses	$1,748,521	$936,774	+0.9%
Net Income	$-254,270	$74,329	-4.4%

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

$45,684

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORI KAUK	Executive Director	40.00	Key Emp	$45,684	$0	$45,684
KIMBERLY FAULKNER	Past Executive Dir	40.00		$26,859	$0	$26,859
DEBORAH BONNEVILLE	Board Member	2.000	Director	$0	$0	$0
JAMES GOODMAN	Secretary	4.000	Officer Director	$0	$0	$0
JAMIE CALLAHAN	President	4.000	Officer Director	$0	$0	$0
RICHARD LEMIEUX	Board Member	2.000	Director	$0	$0	$0
ROBERT NASH	Treasurer	4.000	Officer Director	$0	$0	$0
DAVID SEATON	Vice Chair	4.000	Officer Director	$0	$0	$0
BILL ELWELL	Board Member	2.000	Director	$0	$0	$0
TOBY SALTER	Board Member	2.000	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	$1,494,251	$1,748,521	$1,345,129	$-254,270
2022	$1,011,103	$936,774	$1,556,235	$74,329
2021	$1,352,554	$1,097,812	$1,518,282	$254,742
2020	$1,809,045	$1,317,591	$1,265,836	$491,454
2019	$1,484,782	$1,447,306	$771,866	$37,476
2018	$1,273,269	$1,319,310	$724,924	$-46,041

Bremerton Foodline