KENAI PENINSULA FOOD BANK INC (EIN 943112445) - 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

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.

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

Governance

Voting Members

Independent Members

Employees

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

$3,654

Total Directors

$95,367

Key Employees

Highest Compensated

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

KENAI PENINSULA FOOD BANK INC