HELPING HANDS FOOD BANK (EIN 911203572) - 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

1985

Legal Domicile

Principal Officer

JOHN JANICKI

Tax Period

2023-01-01 to 2023-12-31

HELPING HANDS FOOD BANK, founded in 1985, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

HELPING HANDS PURPOSE IS TO PROVIDE FOOD FOR NEEDY FAMILIES IN SKAGIT COUNTY WE HAND OUT FOOD THOUGH OUR WEEKLY DISTRIBUTION, BACKPACK PROGRAM, MOBILE FOOD AND EMERGENCY FOOD PROGRAMS.

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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 $9,015,437

Program Service Revenue $0

Investment Income $661

Other Revenue $-49,843

TOTAL REVENUE $8,966,255

Expense Breakdown

Grants Paid $7,771,527

Salaries & Benefits $1,326,928

Fundraising Expenses $58,806

Program Expenses $9,365,966

Other Expenses $549,543

TOTAL EXPENSES $9,647,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,966,255	$10,295,222	-0.1%
Expenses	$9,647,998	$10,646,702	-0.1%
Net Income	$-681,743	$-351,480	+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

N/A

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
REBECCA SKIRNDE	EXECUTIVE DIRECTOR	40.00	Highest	$142,700	$0	$142,700
TARA HARVARD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
VANCE WHIPPO	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL SPARWASSER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DEVRIES	TREASURER	1.00	Officer	$0	$0	$0
JOHN JANICKI	CHAIR	1.00	Officer	$0	$0	$0
SARA FISH	VICE CHAIR	1.00	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
2024	No data	No data	No data	No data
2023	$8,966,255	$9,647,998	$2,369,220	$-681,743
2022	$10,295,222	$10,646,702	$3,010,080	$-351,480
2021	$7,836,034	$7,393,056	$3,405,345	$442,978
2020	$8,160,256	$7,381,182	$3,063,297	$779,074
2019	$3,949,645	$3,571,988	$2,340,797	$377,657
2018	$3,763,457	$3,340,904	$2,039,192	$422,553

HELPING HANDS FOOD BANK