DES MOINES AREA FOOD BANK (EIN 911183154) - 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

1983

Legal Domicile

Principal Officer

BARBARA HOUSTON-SHIMIZU

Phone

2068782660

Tax Period

2023-01-01 to 2023-12-31

DES MOINES AREA FOOD BANK, founded in 1983, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO ALLEVIATE HUNGER IN OUR COMMUNITY BY PROVIDING FOOD ASSISTANCE TO ANY PERSON IN NEED.

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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 $3,380,885

Program Service Revenue $0

Investment Income $93,622

Other Revenue $451

TOTAL REVENUE $3,474,958

Expense Breakdown

Grants Paid $2,881,163

Salaries & Benefits $416,258

Fundraising Expenses $97

Program Expenses $3,436,177

Other Expenses $154,596

TOTAL EXPENSES $3,452,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,474,958	$2,845,034	+0.2%
Expenses	$3,452,017	$2,983,630	+0.2%
Net Income	$22,941	$-138,596	-1.2%

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

150

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

$180,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AGARTHA S CLARK	PRESIDENT	0.50	Officer Director	$0	$0	$0
CATHERINE M COLBY	AT-LARGE EC MEMBER	0.50	Officer Director	$0	$0	$0
SANDRA J BOLLINGER	SECRETARY	0.50	Officer Director	$0	$0	$0
KAREN MCMICHAEL	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT C ROTHWELL	DIRECTOR	0.50	Director	$0	$0	$0
CONNIE CLARK	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVID FUJITA	DIRECTOR	0.50	Director	$0	$0	$0
ED BIGGERS	DIRECTOR	0.50	Director	$0	$0	$0
RUSS CARLSEN	DIRECTOR	0.50	Director	$0	$0	$0
TERRANCE JONES	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA HOUSTON-SHIMIZU	ASSOCIATE DIRECTOR	40.00	Officer	$81,828	$0	$81,828
KRIS VAN GASKEN	EXECUTIVE DIRECTOR	40.00	Officer	$98,920	$0	$98,920

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	$3,474,958	$3,452,017	$1,062,726	$22,941
2022	$2,845,034	$2,983,630	$1,035,914	$-138,596
2021	$3,336,094	$3,256,163	$1,178,620	$79,931
2020	$3,481,520	$3,142,587	$1,075,174	$338,933
2019	$2,860,542	$2,971,965	$749,687	$-111,423
2018	$2,729,383	$2,831,710	$764,846	$-102,327

DES MOINES AREA FOOD BANK