Meals on Wheels PLUS of Manatee

What it reported doing in 2024

The food bank of manatee: the food bank of manatee is the largest hunger relief organization based in manatee county and is an independent food bank relying mostly on the support of the community to meet the needs of food insecure babies, children, families, and seniors in manatee county. The food bank of manatee distributes food to/through local partner agencies, including food pantries, soup kitchens, and local social service organizations. In 2024, the food bank of manatee put nearly 3.8 million pounds of food into use in the community to meet immediate needs. Over 2,100 emergency baby baskets including diapers, wipes, and formula were also provided. (continued at schedule o).over 57,500 pounds of fresh produce were made available to babies, children, families, and seniors. Our community was hit by three devastating storms in 2024. The impacts of the storms, so close together, were catastrophic for those living on the barrier islands and for those throughout our community. In the days following tropical storm debby, hurricane helene, and hurricane milton, over 110,000 meals were provided in addition to cleaning supplies, pet food, fresh produce, water, and hydration drinks were distributed at over 30 locations throughout manatee county in addition to our network of over 100 food pantries distributing resources from the food bank of manatee. As the only food bank based in manatee county, Florida, we were the main point of contact for food distribution for manatee county's emergency operations center.

Financial Efficiency

• Mission deployment rate: 93.6%; rating input score 94
• Program expense ratio: 92.2%; rating input score 92
• Fundraising efficiency: $23.68 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • 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: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.6%; rating input score 35; 35th percentile among comparable filings
• Total-asset coverage ratio: 1.01; rating input score 36; 36th percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 4.2%; rating input score 58; 58th percentile among comparable filings

Growth

• Program expense growth: 1% per year; rating input score 100; 14th percentile among comparable filings
• Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
• Asset growth: 6% per year; rating input score 100; 42nd percentile among comparable filings