Freestore Foodbank Inc

Nonprofit profile at a glance

EIN
237122205
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Cincinnati, OH, USA
Phone
5134824500
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Food Banks, Pantries

Official website

Reported finances

Revenue
$87,629,395
Expenses
$87,972,100
Assets
$72,333,367
Liabilities
$41,711,457

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

41 people listed

Executive titles in this filing

  • KURT REIBER (CEO / PRESIDENT)

Highest reported compensation

  • KURT REIBER (CEO / PRESIDENT): $392,076 total reported compensation
  • TIMOTHY WEIDNER (CHIEF FINANCIAL OFFICER): $305,200 total reported compensation
  • TRISHA RAYNER (CHIEF DEVELOPMENT OFFICER): $244,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Improve lives by eliminating hunger in partnership with our community.

What it reported doing in 2024

Freestore foodbank has served our neighbors in need for 54 years, starting in cincinnati, Ohio and expanding to a 20-county region in Ohio, Kentucky and Indiana. The mission of freestore foodbank is to improve lives by eliminating hunger in partnership with our community. Our vision is a hunger-free, healthy, and thriving community. To achieve this vision, our objectives are to provide nutritious food, connect families to supportive services and ensure hope through pathways from crisis to stability including programs for long-term stability and workforce development. The majority of the organization's revenue comes from food and product donations (non-cash contributions). Financial contributions are obtained to support our programs and services with the goal of eliminating food insecurity in our region. Freestore foodbank supplied over 47 million meals in the 2025 fiscal year, helping to serve the 250,000 food insecure individuals in our region (according to feeding america's map the meal gap). A trusted network of more than 540 community partners helps freestore foodbank to distribute emergency food and other social services. Member agencies include: soup kitchens, shelters, food pantries, churches, daycare centers, senior centers, school program sites and other community and social service organizations. Together, we can solve hunger!

Operating model

Revenue model
Donor-supported. 64% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 85
  • Accountability: 95
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.1%; rating input score 93
  • Program expense ratio: 92.6%; rating input score 93
  • Fundraising efficiency: $30.42 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 97.2%; rating input score 97; 32nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.4%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.82; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 53; 53rd percentile among comparable filings

Growth

  • Program expense growth: 4.7% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 18.5% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 93.1% of revenue deployed · 92.6% of spending went to programs
  • Governance: 27 of 27 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $81.5M in reported program spending
  • Leadership: top reported pay $392K · 41 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $1.4M reported
  • Consistency: 37 of 38 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 20 filed money-flow records
  • Related organizations: 14 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 25/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 53/100.