FERNDALE FOOD BANK

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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

1981

Legal Domicile

Principal Officer

SARAH VANWOERDEN

Phone

3603841506

Tax Period

2024-07-01 to 2025-06-30

FERNDALE FOOD BANK, founded in 1981, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE FERNDALE FOOD BANK IS A LOCAL FOOD BANK THAT DISTRBUTES FOOD TO COMMUNITY MEMBERS IN NEED OF ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $2,183,047

THE FERNDALE FOOD BANK WORKS TO PROVIDE A SUSTAINABLE SOURCE OF FOOD TO WHATCOM COUNTY FAMILIES EXPERIENCING FOOD SCARCITY. THIS IS DONE THROUGH IN-PERSON DISTRIBUTIONS AT OUR FACILITY. DURING THE...

THE FERNDALE FOOD BANK WORKS TO PROVIDE A SUSTAINABLE SOURCE OF FOOD TO WHATCOM COUNTY FAMILIES EXPERIENCING FOOD SCARCITY. THIS IS DONE THROUGH IN-PERSON DISTRIBUTIONS AT OUR FACILITY. DURING THE 2024 / 2025 YEAR THE FOOD BANK SERVED 8,160 INDIVIDUALS. DURING THE 2024 / 2025 YEAR THE FOOD BANK RECEIVED CASH CONTRIBUTIONS OF 552,715 AND FOOD VALUED AT 1,633,579. ALSO, VOLUNTEER LABOR VALUED AT 306,383 WAS CONTRIBUTED. FOOD AND SUPPLIES PURCHASED FOR DISTRIBUTION WAS 214,144. DONATED LABOR IS VALUED AT 17.76 PER HOUR. CONTRIBUTED FOOD IS VALUED AT 1.97 PER POUND.

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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 $2,186,295

Program Service Revenue $0

Investment Income $-21,626

Other Revenue $358

TOTAL REVENUE $2,165,027

Expense Breakdown

Grants Paid $13,118

Salaries & Benefits $160,742

Fundraising Expenses $0

Program Expenses $2,183,047

Other Expenses $2,009,187

TOTAL EXPENSES $2,183,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,165,027	$1,835,648	+0.2%
Expenses	$2,183,047	$1,847,589	+0.2%
Net Income	$-18,020	$-11,941	+0.5%

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

206

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

$78,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIERRA CROOK	EXECUTIVE DI	40.00	Officer	$78,822	$0	$78,822
KARLA ATWOOD	BOARD MEMBER	3.00	Director	$0	$0	$0
CATALINA BOYLE	BOARD MEMBER	3.00	Director	$0	$0	$0
MONA GALINDO	BOARD MEMBER	3.00	Director	$0	$0	$0
MARTI JUHLE	BOARD MEMBER	3.00	Director	$0	$0	$0
KRISTI WILSON	BOARD MEMBER	3.00	Director	$0	$0	$0
SAMANTHA ZEE	BOARD MEMBER	3.00	Director	$0	$0	$0
SAMANTHA ZEE	BOARD MEMBER	3.00	Director	$0	$0	$0
KRISINDA PLENKOVICH	TREASURER	3.00	Officer	$0	$0	$0
MURRAY TAYLOR	BOARD PRESID	3.00	Officer	$0	$0	$0
EVELYN TURNER	SECRETARY	3.00	Officer	$0	$0	$0
SARAH VANWOERDEN	VICE PRESIDE	3.00	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	$2,165,027	$2,183,047	$700,056	$-18,020
2024	$1,835,648	$1,847,589	$716,454	$-11,941
2023	$1,617,783	$1,525,740	$731,873	$92,043
2022	$1,650,215	$1,425,763	$637,048	$224,452
2021	$382,858	$178,940	$412,708	$203,918