WEST SEATTLE FOOD BANK

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

FRAN YEATTS

Phone

2069329023

Tax Period

2022-07-01 to 2023-06-30

WEST SEATTLE FOOD BANK, founded in 1988, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.9M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

WEST SEATTLE FOOD BANK STRENGTHENS THE COMMUNITY THROUGH THE POWER OF NEIGHBORS HELPING NEIGHBORS, WORKING TO ENSURE ALL IN OUR COMMUNITY HAVE ACCESS TO THE ESSENTIAL NECESSITIES OF LIVING.

Program Service Accomplishments

Program 1

Expenses: $4,503,610

WSFB FOOD BANK SERVICES INCLUDE OUR ONSITE FOOD BANK, WHICH PROVIDES FOOD TO A HOUSEHOLD OVER 1,000 TIMES EACH WEEK; OUR MOBILE FOOD BANK, SERVING APPROXIMATELY 200 HOUSEHOLDS WEEKLY THROUGH...

WSFB FOOD BANK SERVICES INCLUDE OUR ONSITE FOOD BANK, WHICH PROVIDES FOOD TO A HOUSEHOLD OVER 1,000 TIMES EACH WEEK; OUR MOBILE FOOD BANK, SERVING APPROXIMATELY 200 HOUSEHOLDS WEEKLY THROUGH DISTRIBUTIONS AT 5 LOCATIONS; OUR HOME DELIVERY PROGRAM, SERVING 400 - 450 HOUSEHOLDS PER WEEK; AND OUR BACKPACK PROGRAM, COLLABORATING WITH LOCAL SCHOOLS TO DISTRIBUTE 100 - 400 WEEKEND PACKS OF FOOD EACH WEEK. WE ALSO DISTRIBUTE BABY SUPPLIES AND PET FOOD AND OTHER ESSENTIAL ITEMS TO RESIDENTS OF WEST SEATTLE AND BEYOND. IN THE FISCAL YEAR ENDING JUNE 30, 2023, WSFB PROVIDED FOOD AND OTHER NECESSITIES TO FAMILIES IN NEED APPROXIMATELY 92,000 TIMES AND DISTRIBUTED OVER 2.4 MILLION POUNDS OF FOOD AND OTHER SUPPLIES. WE PROVIDED $43,850 IN BABY SUPPLIES AND OUR "BACKPACK" PROGRAM PROVIDED WEEKEND FOOD TO CHILDREN IN NEED OVER 6,000 TIMES DURING THE YEAR.

Program 2

Expenses: $1,770,351

OUR HELPLINE SERVICES PROVIDE FINANCIAL ASSISTANCE, BUS TICKETS, RESOURCE AND REFERRAL INFORMATION, AND A FREE CLOTHING BANK OPEN TO ALL IN OUR AREA. IN THE 2023 FISCAL YEAR THE AGENCY DISTRIBUTED...

OUR HELPLINE SERVICES PROVIDE FINANCIAL ASSISTANCE, BUS TICKETS, RESOURCE AND REFERRAL INFORMATION, AND A FREE CLOTHING BANK OPEN TO ALL IN OUR AREA. IN THE 2023 FISCAL YEAR THE AGENCY DISTRIBUTED APPROXIMATELY $1 MILLION IN ASSISTANCE FOR HOUSEHOLDS AT RISK OF BEING EVICTED OR HAVING UTILITIES SHUT OFF AND OVER $525,000 IN CLOTHES AND OTHER ITEMS DISTRIBUTED THROUGH OUR CLOTHESLINE. OVER 3,000 INDIVIDUALS DIRECTLY BENEFITED FROM THESE SERVICES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $6,854,261

Program Service Revenue $0

Investment Income $44,469

Other Revenue $-4,912

TOTAL REVENUE $6,893,818

Expense Breakdown

Grants Paid $5,341,576

Salaries & Benefits $879,351

Fundraising Expenses $290,614

Program Expenses $6,273,961

Other Expenses $454,591

TOTAL EXPENSES $6,702,938

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,893,818	$5,862,402	+0.2%
Expenses	$6,702,938	$6,358,282	+0.1%
Net Income	$190,880	$-495,880	-1.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

700

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

$108,305

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WELD	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOE EVERETT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOAN HANSEN	TREASURER	2.00	Officer Director	$0	$0	$0
JAN ROBERTS	SECRETARY	4.00	Officer Director	$0	$0	$0
ASHLEY BAERWALDT	DIRECTOR	1.00	Director	$0	$0	$0
TED BARKER	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY CLINGAN	DIRECTOR	1.00	Director	$0	$0	$0
COREY LIMBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE LUTOMSKI	DIRECTOR	2.00	Director	$0	$0	$0
NICK NAUBERT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PORTER	DIRECTOR	0.50	Director	$0	$0	$0
KATY WALUM	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
SYRETTA WARREN	DIRECTOR	1.00	Director	$0	$0	$0
FRAN YEATTS	EXECUTIVE DIRECTOR	40.00	Officer	$98,080	$10,225	$108,305

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,893,818	$6,702,938	$4,673,343	$190,880
2022	$5,862,402	$6,358,282	$4,611,291	$-495,880
2021	$7,741,179	$7,127,441	$5,249,273	$613,738
2020	$6,282,143	$5,244,575	$4,431,167	$1,037,568
2019	$4,012,782	$4,085,368	$3,316,380	$-72,586