SOUTHEAST ALASKA FOOD BANK

EIN: 920165056 501(c)(3) Food, Agriculture & Nutrition

Juneau, AK

Total Revenue
$1,300,941
Total Expenses
$1,376,979
Total Assets
$2,925,342
Net Assets
$2,313,459
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
AK
Principal Officer
Elizabeth Pederson
Phone
9075863993
Tax Period
2023-07-01 to 2024-06-30

SOUTHEAST ALASKA FOOD BANK, founded in 1999, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

The mission of the Southeast Alaska Food Bank is to provide nutritious food for those who are without, serving as a community bridge between those who want to help and those who are in need.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,271,881
Program Service Revenue $0
Investment Income $29,060
Other Revenue $0
TOTAL REVENUE $1,300,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,204
Fundraising Expenses $0
Program Expenses $1,376,979
Other Expenses $1,203,775
TOTAL EXPENSES $1,376,979

Year-over-Year Comparison

2023 2022 Change
Revenue $1,300,941 $1,481,153 -0.1%
Expenses $1,376,979 $1,498,676 -0.1%
Net Income $-76,038 $-17,523 +3.3%
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

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Governance

Voting Members
10
Independent Members
10
Employees
8
Volunteers
30

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
10
$0
Total Directors
0
$0
Key Employees
2
$91,121
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Parks General Manager - starting May 2024 40
Key Emp Highest
$49,973 $0 $49,973
Christopher Schnapp Executive Director through April 2024 40
Key Emp Highest
$41,148 $0 $41,148
Elizabeth Pederson Board Treasurer 2
Officer
$0 $0 $0
Hien Tran Board Member 1
Officer
$0 $0 $0
Selina Finley Board Secretary 2
Officer
$0 $0 $0
Lacy Wilcox Board Vice President 1
Officer
$0 $0 $0
Jeremiah Beedle Board President 2
Officer
$0 $0 $0
Jocelyn Collier Board Member 1
Officer
$0 $0 $0
Douglas Maller Board Member 1
Officer
$0 $0 $0
Kelly Moore Board Member 1
Officer
$0 $0 $0
Rachel Weston Board Member 1
Officer
$0 $0 $0
Eric Madsen Board Member - new April 2024 1
Officer
$0 $0 $0
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 $1,300,941 $1,376,979 $2,925,342 $-76,038
2023 $1,481,153 $1,498,676 $1,650,253 $-17,523
2022 $971,518 $981,322 $1,278,425 $-9,804
2021 $625,516 $307,899 $1,286,385 $317,617
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