BALLARD 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

1988

Legal Domicile

Principal Officer

JENNIFER MUZIA

Phone

2067897800

Tax Period

2023-10-01 to 2024-09-30

BALLARD FOOD BANK, founded in 1988, is a mid-sized nonprofit that reported $13.5M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $15.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE BALLARD FOOD BANK'S MISSION IS TO BRING FOOD AND HOPE TO OUR NEIGHBORS... BECAUSE THERE CAN BE ENOUGH FOR EVERYONE.

Program Service Accomplishments

Program 1

Expenses: $13,086,171

FOOD DISTRIBUTION - THE FOOD BANK, WHICH OPERATES LIKE A COMMUNITY MARKET, DISTRIBUTES HEALTHY AND CULTURALLY APPROPRIATE FOOD TO INDIVIDUALS AND FAMILIES REQUIRING FOOD ASSISTANCE THROUGHOUT...

FOOD DISTRIBUTION - THE FOOD BANK, WHICH OPERATES LIKE A COMMUNITY MARKET, DISTRIBUTES HEALTHY AND CULTURALLY APPROPRIATE FOOD TO INDIVIDUALS AND FAMILIES REQUIRING FOOD ASSISTANCE THROUGHOUT SEATTLE. FOR ITS HOME DELIVERY AND WEEKEND FOOD FOR KIDS PROGRAMS, THE ORGANIZATION SERVICES EIGHT SEATTLE ZIP CODES IN THE NEIGHBORHOODS OF BALLARD, MAGNOLIA, QUEEN ANNE, SOUTH LAKE UNION, FREMONT, PHINNEY RIDGE, GREENWOOD, GREENLAKE, AND LICTON SPRINGS. THE FOOD BANK AND HOME DELIVERY PROGRAMS DISTRIBUTED MORE THAN 4.5 MILLION POUNDS OF FOOD, THROUGH APPROXIMATELY 112,562 VISITS AND DELIVERIES, OVER THE COURSE OF THE YEAR. THE ORGANIZATION'S KINDNESS CAFE PROVIDED 109,284 MEALS IN ITS THIRD YEAR. THE WEEKEND FOOD FOR KIDS PROGRAM PROVIDED APPROXIMATELY 23,487 BAGS OF FOOD TO APPROXIMATELY 613 STUDENTS IN THE SEATTLE AREA. THE ORGANIZATION CONTINUES TO EXPERIENCE INCREASED NUMBERS WITH MANY STILL RECOVERING FROM THE PANDEMIC. DEMAND HAS ALSO INCREASED DUE TO A REDUCTION IN SNAP BENEFITS AND INFLATION.

Program 2

Expenses: $695,172

CLIENT SERVICES - THE ORGANIZATION'S COMMUNITY RESOURCE HUB HAD OVER 14,054 CLIENT TOUCHPOINTS THROUGH ITS STAFF, TEAM, AND COMMUNITY PARTNERS. THE ORGANIZATION PROVIDED MORE THAN $545,000 IN...

CLIENT SERVICES - THE ORGANIZATION'S COMMUNITY RESOURCE HUB HAD OVER 14,054 CLIENT TOUCHPOINTS THROUGH ITS STAFF, TEAM, AND COMMUNITY PARTNERS. THE ORGANIZATION PROVIDED MORE THAN $545,000 IN FINANCIAL ASSISTANCE, WHICH INCLUDES RENTAL ASSISTANCE TO PREVENT HOMELESSNESS, RENT DEPOSITS, UTILITY ASSISTANCE, AND ID LICENSE VOUCHERS.

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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 $13,234,143

Program Service Revenue $0

Investment Income $284,858

Other Revenue $1,911

TOTAL REVENUE $13,520,912

Expense Breakdown

Grants Paid $10,806,513

Salaries & Benefits $3,153,316

Fundraising Expenses $716,099

Program Expenses $13,781,343

Other Expenses $1,181,137

TOTAL EXPENSES $15,153,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,520,912	$10,284,381	+0.3%
Expenses	$15,153,591	$10,169,535	+0.5%
Net Income	$-1,632,679	$114,846	-15.2%

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

1300

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

$208,623

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN OWENS	PRESIDENT	2.00	Officer Director	$0	$0	$0
GEETA MCCORMACK	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH CANIZALES	SECRETARY	1.00	Officer Director	$0	$0	$0
NATE WALKER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE SCHEIDER	DIRECTOR	1.00	Director	$0	$0	$0
HSIAO-CHING CHOI	DIRECTOR	1.00	Director	$0	$0	$0
VANETTA ABDELLATIF	DIRECTOR	1.00	Director	$0	$0	$0
DAKOTA RIEKE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW CARR	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LAMSON	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY SABEN	DIRECTOR	1.00	Director	$0	$0	$0
TAIGA HARIMOTO	DIRECTOR	1.00	Director	$0	$0	$0
ORLANDO LUGO	DIRECTOR	1.00	Director	$0	$0	$0
RYAN STAUFFER	DIRECTOR UNTIL APRIL	1.00	Director	$0	$0	$0
JULIE MUNOZ LOWE	DIRECTOR UNTIL APRIL	1.00	Director	$0	$0	$0
JEN DOAK	DIECTOR UNTIL JANUARY	1.00	Director	$0	$0	$0
JEN MUZIA	EXECUTIVE DIRECTOR	40.00	Officer	$195,664	$12,959	$208,623
COLLEEN MARTINSON	DIR. OF DEVELOPMENT & COMMUNICATIONS	40.00	Highest	$128,188	$11,609	$139,797
KATHLEEN MURPHY	DIRECTOR OF PROGRAMS	40.00	Highest	$120,417	$11,454	$131,871
ANTHONY ANDERSON	DIRECTOR OF OPERATIONS	40.00	Highest	$111,180	$18,133	$129,313

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	$13,520,912	$15,153,591	$18,387,196	$-1,632,679
2023	$10,284,381	$10,169,535	$19,749,654	$114,846
2022	$8,101,583	$7,430,197	$19,574,047	$671,386
2021	$14,249,244	$7,017,857	$20,391,602	$7,231,387
2020	$8,620,820	$5,295,380	$13,014,339	$3,325,440
2019	$7,237,075	$3,952,404	$9,384,357	$3,284,671
2018	$4,183,446	$3,666,739	$5,011,515	$516,707