Hoquiam Food and Clothing Bank (EIN 943249593) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

Linda Borth

Phone

3605334909

Tax Period

2023-01-01 to 2023-12-31

Hoquiam Food and Clothing Bank, founded in 1996, is a small nonprofit in the Mental Health sector that reported $602K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $579K left a modest 4% surplus.

Mission

Distribute food and clothing to the needy

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $601,529

Program Service Revenue $0

Investment Income $860

Other Revenue $0

TOTAL REVENUE $602,389

Expense Breakdown

Grants Paid $536,685

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $574,135

Other Expenses $30,615

TOTAL EXPENSES $579,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$602,389	$534,682	+0.1%
Expenses	$579,300	$518,049	+0.1%
Net Income	$23,089	$16,633	+0.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Borth	Exec Director	6.00	Officer Director	$0	$0	$0
Suzi Schomaker	Member	10.00	Director	$0	$0	$0
Marilyn Anderson	Treasurer	10.00	Officer Director	$0	$0	$0
Eveline Krische	Member	10.00	Director	$0	$0	$0
Hans Reime	Member	10.00	Director	$0	$0	$0
Mureen Smedley	Secretary	10.00	Officer Director	$0	$0	$0
Callie White	Member	10.00	Director	$0	$0	$0
Sue Homchick	Member	10.00	Director	$0	$0	$0
Val Ramsey	Chair	10.00	Officer Director	$12,000	$0	$12,000
Betsy Seidel	Member	10.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$602,389	$579,300	$326,384	$23,089
2022	$534,682	$518,049	$308,867	$16,633
2021	$529,273	$422,670	$284,312	$106,603
2020	$471,958	$436,024	$178,497	$35,934
2019	$389,005	$386,147	$145,203	$2,858
2018	$343,541	$343,697	$149,065	$-156

Hoquiam Food and Clothing Bank