BALLARD FOOD BANK (EIN 911428805) - 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

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

BALLARD FOOD BANK COMPLETED BUILDING ITS NEW FOOD BANK AND COMMUNITY RESOURCES HUB. THE NEW HOME PROVIDES A ONE-STOP SHOP FOR HEALTHY FOOD THROUGH ITS MARKET-STYLE FOOD BANK, KINDNESS CAF, HOME DELIVERY AND WEEKEND FOOD FOR KIDS PROGRAM, AS WELL AS ACCESS TO FINANCIAL ASSISTANCE AND SERVICES THAT PROMOTE SELF SUFFICIENCY.

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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

BALLARD FOOD BANK