ISSAQUAH FOOD AND CLOTHING BANK (EIN 911245499) - 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

1988

Legal Domicile

Principal Officer

STEPHANIE NORTON-BREDL

Phone

4253924123

Tax Period

2023-01-01 to 2023-12-31

ISSAQUAH FOOD AND CLOTHING BANK, founded in 1988, is a community nonprofit in the Human Services sector that reported $4.6M in total revenue in fiscal year 2023. Expenses of $4.3M left a modest 6% surplus.

Mission

UNITE OUR COMMUNITY IN NOURISHING AND NURTURING INDIVIDUALS BY REMOVING BARRIERS TO HEALTHY FOOD, VITAL RESOURCES, AND CONNECTIONS TO ESSENTIAL SERVICES.

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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 $4,438,583

Program Service Revenue $0

Investment Income $151,005

Other Revenue $5,311

TOTAL REVENUE $4,594,899

Expense Breakdown

Grants Paid $1,859,841

Salaries & Benefits $1,078,854

Fundraising Expenses $312,053

Program Expenses $3,346,042

Other Expenses $1,378,812

TOTAL EXPENSES $4,327,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,594,899	$4,348,196	+0.1%
Expenses	$4,327,907	$3,826,169	+0.1%
Net Income	$266,992	$522,027	-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

837

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

$161,909

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BRESKO	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GLORIA HATCHER-MAYS	VICE BOARD CHAIR	1.50	Officer Director	$0	$0	$0
CHRIS DAVIS	TREASURER	1.50	Officer Director	$0	$0	$0
SHARON SOLSVIK	SECRETARY	1.50	Officer Director	$0	$0	$0
MARIAH BETTISE	BOARD MEMBER	1.00	Director	$0	$0	$0
UMA MINAKSHISUNDARAM	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN NEILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC OLINER	BOARD MEMBER	1.00	Director	$0	$0	$0
TRICIA BUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHEALLE GADY	BOARD MEMBER UNTIL MARCH	1.00	Director	$0	$0	$0
BETH KNOST	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MEADOWS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN MCRAE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE NORTON-BREDL	EXECUTIVE DIRECTOR	40.00	Officer	$104,285	$12,288	$116,573
LAURA SKELTON	INTERIM EXECUTIVE DIRECTOR	24.00	Officer	$45,336	$0	$45,336

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	$4,594,899	$4,327,907	$5,734,215	$266,992
2022	$4,348,196	$3,826,169	$5,149,546	$522,027
2021	$5,159,167	$4,223,955	$4,793,872	$935,212
2020	$5,018,481	$3,181,982	$3,928,537	$1,836,499
2019	$3,918,328	$3,916,118	$1,961,593	$2,210
2018	$3,244,581	$3,240,602	$1,664,126	$3,979

ISSAQUAH FOOD AND CLOTHING BANK