KENAI PENINSULA FOOD BANK INC

EIN: 943112445 501(c)(3) Food, Agriculture & Nutrition

SOLDOTNA, AK

Total Revenue
$4,137,132
Total Expenses
$4,351,921
Total Assets
$2,897,634
Net Assets
$2,777,141
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
AK
Principal Officer
GREGORY MEYER
Phone
9072623111
Tax Period
2024-01-01 to 2024-12-31

KENAI PENINSULA FOOD BANK INC, founded in 1988, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $4.1M in total revenue in fiscal year 2024.

Mission

FOOD BANK COLLECTION AND DISTRIBUTION OF FOOD TO THE HUNGRY BY DIRECT DISTRIBUTION TO INDIVIDUALS AND OTHER NONPROFIT ORGANIZATIONS. THE FOOD BANK ALSO OPERATES AN ONSITE SOUP KITCHEN.

Program Service Accomplishments

Program 1
Expenses: $3,863,020

THE FOOD BANK SERVES OVER 20,000 MEALS (AN AVERAGE OF 1,667 MEALS PER MONTH) THROUGH THE ONSITE FIREWEED DINER, AND PROCESSED OVER A MILLION POUNDS OF FOOD. DIRECT SERVICE CLIENTS, THOSE ADULTS AND...

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THE FOOD BANK SERVES OVER 20,000 MEALS (AN AVERAGE OF 1,667 MEALS PER MONTH) THROUGH THE ONSITE FIREWEED DINER, AND PROCESSED OVER A MILLION POUNDS OF FOOD. DIRECT SERVICE CLIENTS, THOSE ADULTS AND CHILDREN RECEIVING FEDERAL COMMODITIES AND/OR EMERGENCY FOOD BOXES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,795,355
Program Service Revenue $54,864
Investment Income $56,333
Other Revenue $230,580
TOTAL REVENUE $4,137,132

Expense Breakdown

Grants Paid $2,815,041
Salaries & Benefits $590,134
Fundraising Expenses $177,084
Program Expenses $3,863,020
Other Expenses $946,746
TOTAL EXPENSES $4,351,921

Year-over-Year Comparison

2024 2023 Change
Revenue $4,137,132 $4,180,323 0.0%
Expenses $4,351,921 $3,833,653 +0.1%
Net Income $-214,789 $346,670 -1.6%
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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Governance

Voting Members
12
Independent Members
12
Employees
22
Volunteers
240

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
5
$3,654
Total Directors
13
$95,367
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY MEYER Executive Dir. 40.00
Director
$91,713 $0 $91,713
JOHN GUENTHER Executive Dir. 40.00
Officer Director
$3,654 $0 $3,654
SEAN O'REILLY President 4.00
Officer Director
$0 $0 $0
RHODA DOLIFKA Director 1.00
Director
$0 $0 $0
MIKE HAGGERTY Treasurer 4.00
Officer Director
$0 $0 $0
CLAIRE CALHOUN Director 1.00
Director
$0 $0 $0
CRAIG WALLS Director 1.00
Director
$0 $0 $0
SUMMER LAZENBY Director 1.00
Director
$0 $0 $0
LINDA TANNEHILL Director 1.00
Director
$0 $0 $0
ELIZABETH LEDUC Secretary 1.00
Officer Director
$0 $0 $0
STEVE MANLEY Vice President 4.00
Officer Director
$0 $0 $0
BETTE SEAMAN Director 1.00
Director
$0 $0 $0
MARTI PEPPER Director 1.00
Director
$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
2024 $4,137,132 $4,351,921 $2,897,634 $-214,789
2023 $4,180,323 $3,833,653 $3,075,318 $346,670
2022 $3,111,113 $3,357,065 $2,771,599 $-245,952
2021 $4,001,585 $4,012,918 $2,981,723 $-11,333
2020 $4,929,046 $4,163,850 $3,347,885 $765,196
2019 $3,185,275 $2,994,973 $2,450,251 $190,302
2018 $2,545,527 $2,626,023 $2,288,150 $-80,496
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