Edmonds Food Bank

What it reported doing in 2024

At edmonds food bank, the volunteers and staff continued to engage with our customers as we provided food, household supplies, personal products, and referrals to partner organizations for additional support. Due to ongoing economic issues, household use of efb remains high. We offer in-person shopping for those with special dietary needs, in addition to our online, drive-up, and delivery services. We continue our delivery services to support households of seniors or persons with disabilities each week. Our online ordering system gives customers the right to choose the foods they need and want each week. Many of our customers appreciate the service as it enables them to receive their food efficiently and friendly, thus freeing up time for other activities. We have continued our pop-up pantries throughout the community, including partnerships with latino educational training institute (leti), st. Albans church, college place schools, Washington west african center, and the korean community services center, providing support to increasing numbers of customers who cannot access the food bank due the restricted hours allowed at our current location. In addition, we added support for the coalition of health workers for migrants and refugees, scriber lake alternative high school and summer programs at Washington kids in transition. Over 300 volunteers (36,531 hours of support) commit to our purpose across our 257 distributions, providing 40,561 households (131,218 individuals) with a week's grocery support.

Financial Efficiency

• Mission deployment rate: 86.6%; rating input score 87
• Program expense ratio: 91.6%; rating input score 92
• Fundraising efficiency: $21.14 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 5.7%; rating input score 53; 53rd percentile among comparable filings
• Total-asset coverage ratio: 0.61; rating input score 22; 22nd percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 3.4%; rating input score 66; 66th percentile among comparable filings

Growth

• Program expense growth: 19.2% per year; rating input score 100; 84th percentile among comparable filings
• Revenue growth: 13.8% per year; rating input score 100; 79th percentile among comparable filings
• Asset growth: 11.1% per year; rating input score 100; 63rd percentile among comparable filings