RAINIER VALLEY FOOD BANK (EIN 911500768) - 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

1991

Legal Domicile

Principal Officer

GLORIA HATCHER-MAYS

Phone

2067234105

Tax Period

2024-01-01 to 2024-12-31

RAINIER VALLEY FOOD BANK, founded in 1991, is a community nonprofit in the Unknown sector that reported $9.3M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.8M, a strong 52% operating margin.

Mission

DISTRIBUTING DONATED AND PURCHASED FOOD TO LOW-INCOME HOUSEHOLDS AND HOMELESS INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,893,078

Program Service Revenue $0

Investment Income $351,938

Other Revenue $8,453

TOTAL REVENUE $9,253,469

Expense Breakdown

Grants Paid $2,036,586

Salaries & Benefits $1,766,838

Fundraising Expenses $739,756

Program Expenses $3,088,693

Other Expenses $559,990

TOTAL EXPENSES $4,444,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,253,469	$6,120,893	+0.5%
Expenses	$4,444,328	$4,015,602	+0.1%
Net Income	$4,809,141	$2,105,291	+1.3%

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

750

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

$141,258

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET GOFMAN	BOARD PRESIDENT	10.00	Officer Director	$0	$0	$0
NATHAN BUSHEY	BOARD VP	5.00	Officer Director	$0	$0	$0
THOMAS LEINENBACH	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
LEE STANTON	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
MIKA YAMAMOTO	BOARD MEMBER	2.00	Director	$0	$0	$0
PHIL SHERWOOD	BOARD MEMBER	2.00	Director	$0	$0	$0
CALANDRA CHILDERS	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL GUSTAFSON	BOARD MEMBER	2.00	Director	$0	$0	$0
PHIL O'SULLIVAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MAGGIE O'SULLIVAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MOLLY HAAS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCIA LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
SAGAR TYAGI	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN LESLIE	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMARA SCHMAUTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD WALL	BOARD MEMBER	2.00	Director	$0	$0	$0
GLORIA HATCHER-MAYS	EXECUTIVE DIRECTOR	40.00	Officer	$135,640	$5,618	$141,258

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	$9,253,469	$4,444,328	$16,906,294	$4,809,141
2023	$6,120,893	$4,015,602	$11,382,333	$2,105,291
2022	$5,839,583	$3,608,709	$9,339,480	$2,230,874
2021	$6,011,703	$3,727,654	$7,146,374	$2,284,049
2020	$7,178,134	$3,776,138	$4,263,595	$3,401,996
2019	$3,063,115	$3,095,948	$602,871	$-32,833
2019	$3,010,268	$3,027,501	$618,471	$-17,233
2018	$3,303,828	$3,058,292	$645,680	$245,536

RAINIER VALLEY FOOD BANK