WEST SEATTLE FOOD BANK (EIN 911464412) - 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

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

TO PROVIDE FOOD, FINANCIAL ASSISTANCE FOR HOUSING OR UTILITIES, AND OFFER FREE CLOTHING THROUGH OUR CLOTHING BANK.

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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 (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

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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

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

WEST SEATTLE FOOD BANK