Central Kitsap Food Bank

EIN: 911425561 501(c)(3) Food, Agriculture & Nutrition

Silverdale, WA

Total Revenue
$1,912,924
Total Expenses
$3,039,869
Total Assets
$2,753,120
Net Assets
$2,742,623
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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
WA
Principal Officer
CHRISTOPHER BENSON
Phone
3606929818
Tax Period
2023-01-01 to 2023-12-31

Central Kitsap Food Bank, founded in 1988, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.9M in total revenue in fiscal year 2023. Expenses of $3.0M exceeded revenue, resulting in a 59% operating deficit.

Mission

To provide food at no cost in a caring and respectful manner to those in need in 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,811,318
Program Service Revenue $0
Investment Income $40,404
Other Revenue $61,202
TOTAL REVENUE $1,912,924

Expense Breakdown

Grants Paid $2,437,402
Salaries & Benefits $328,327
Fundraising Expenses $0
Program Expenses $2,876,658
Other Expenses $274,140
TOTAL EXPENSES $3,039,869

Year-over-Year Comparison

2023 2022 Change
Revenue $1,912,924 $1,990,326 0.0%
Expenses $3,039,869 $1,782,138 +0.7%
Net Income $-1,126,945 $208,188 -6.4%
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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Governance

Voting Members
16
Independent Members
15
Employees
10
Volunteers
199

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
4
$0
Total Directors
15
$0
Key Employees
1
$69,799
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BENSON Executive Director 40.00
Key Emp
$69,799 $0 $69,799
JACOB HALL Board Member 2.000
Director
$0 $0 $0
SCOTT SHOEMAKER Board Member 2.000
Director
$0 $0 $0
AXEL STRAKELJAHN Board Member 2.000
Director
$0 $0 $0
JESSICA CONNOLLY President 4.000
Officer Director
$0 $0 $0
SHERI BOCKELIE Board Member 2.000
Director
$0 $0 $0
AMANDA SMITH Board Member 2.000
Director
$0 $0 $0
REGAN WEIGEL Board Member 2.000
Director
$0 $0 $0
BROOKE PISANI Secretary 4.000
Officer Director
$0 $0 $0
KATRINA FULKERSON Board Member 2.000
Director
$0 $0 $0
CHRIS TRAVERS Board Member 2.000
Director
$0 $0 $0
SHANNON RE Board Member 2.000
Director
$0 $0 $0
BRIAN RE Vice President 4.000
Officer Director
$0 $0 $0
BROOKE HAWK Board Member 2.000
Director
$0 $0 $0
ROB WEIGEL Treasurer 4.000
Officer Director
$0 $0 $0
MIKE MILSIC 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 $1,912,924 $3,039,869 $2,753,120 $-1,126,945
2022 $1,990,326 $1,782,138 $3,871,431 $208,188
2021 $2,614,195 $1,440,244 $3,697,484 $1,173,951
2020 $2,201,024 $1,339,365 $2,514,958 $861,659
2019 $1,712,565 $1,656,610 $1,581,667 $55,955
2018 $1,498,252 $1,414,383 $1,473,856 $83,869
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