MAUI FOOD BANK INC

EIN: 990315110 501(c)(3) Food, Agriculture & Nutrition

WAILUKU, HI

Total Revenue
$22,513,313
Total Expenses
$21,995,245
Total Assets
$68,343,843
Net Assets
$66,694,295
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
HI
Principal Officer
MARSHA FAHIR
Phone
8082439500
Tax Period
2024-07-01 to 2025-06-30

MAUI FOOD BANK INC, founded in 1994, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $22.5M in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Net assets of $66.7M represent 36 months of operating reserves.

Mission

THE MISSION OF THE MAUI FOOD BANK IS TO HELP THE HUNGRY IN MAUI COUNTY BY COLLECTING AND DISTRIBUTING FOOD THROUGH COMMUNITY PARTNERSHIPS.

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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 $20,304,512
Program Service Revenue $0
Investment Income $2,189,918
Other Revenue $18,883
TOTAL REVENUE $22,513,313

Expense Breakdown

Grants Paid $40,216
Salaries & Benefits $2,502,785
Fundraising Expenses $861,144
Program Expenses $19,591,804
Other Expenses $19,452,244
TOTAL EXPENSES $21,995,245

Year-over-Year Comparison

2024 2023 Change
Revenue $22,513,313 $77,585,211 -0.7%
Expenses $21,995,245 $22,324,696 0.0%
Net Income $518,068 $55,260,515 -1.0%
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
10
Independent Members
10
Employees
28
Volunteers
15121

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
6
$58,394
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARSHA FAHIR BOARD CHAIR 2.50
Officer Director
$0 $0 $0
STEVE ULENE BOARD VICE CHAIR 2.00
Officer Director
$0 $0 $0
KARIN CARLSON BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
JOSEPH CHEE BOARD TREASURER 2.00
Officer Director
$0 $0 $0
BRIAN ETHEREDGE BOARD MEMBER 2.00
Director
$0 $0 $0
GIL KEITH-AGARAN BOARD MEMBER 2.00
Director
$0 $0 $0
MOANA LUTEY BOARD MEMBER 2.00
Director
$0 $0 $0
MICHELE MCLEAN BOARD MEMBER 2.00
Director
$0 $0 $0
ALISON PEARCE BOARD MEMBER 2.00
Director
$0 $0 $0
DANO SAYLES BOARD MEMBER 2.00
Director
$0 $0 $0
LISA PAULSON CHIEF EXECUTIVE OFFICER 40.00
Officer
$52,306 $6,088 $58,394
CHRISTOPHER YUH CHIEF FINANCIAL OFFICER 40.00
Officer
$0 $0 $0
MARLENE RICE FORMER DIRECTOR OF DEVELOPMENT 40.00
Highest
$123,800 $23,087 $146,887
JUDY FRANCO FORMER ACCOUNTANT 40.00
Highest
$113,800 $31,233 $145,033
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 $22,513,313 $21,995,245 $68,343,843 $518,068
2024 $77,585,211 $22,324,696 $66,184,480 $55,260,515
2023 $9,460,002 $8,894,133 $11,154,504 $565,869
2022 $9,306,702 $7,488,887 $10,262,981 $1,817,815
2021 $17,679,982 $15,787,146 $8,705,630 $1,892,836
2020 $9,472,622 $8,361,656 $6,738,660 $1,110,966
2019 $5,928,582 $5,767,963 $5,434,536 $160,619
2018 $6,280,242 $6,137,313 $5,247,682 $142,929
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