Twin Lakes Food Bank

What it reported doing in 2024

Twin Lakes strives to alleviate hunger, elimate food insecurity, and promote good health by providing nutritious food and social assistance with dignity and humility. Established in the closet of a local church and staffed by a handful of volunteers, Twin Lakes initially shared pre-packaged boxes of food with 250 people each month. With strong community support, we have grown into a neighborhood campus manned by 120 volunteers and 9 staff members who serve over 3000 clients monthly through our food pantry, warehouses, community garden and produce stand, mobile delivery services, and collaborations with providers of critical services. We empower individuals struggling to become self-reliant and ensure long-term progress for families by sharing essential resources, compassion, and hope with the following programs and services Food Donation - food donated by individuals, community drives, and local grocery stores collected, transported, stocked, and stored in our on and off-site warehouses Community Garden - 80 planted beds, greenhouse, and composting station tended by volunteer gardeners produces fresh, organic fruits and vegetables. Neighborhood Food Pantry - provides a week's worth of groceries (fresh dairy, eggs, meat, produce, staples, diapers, baby food, formula) to clients each month (bimonthly for seniors) Pantry on Wheels - refrigerated van delivers a week's worth of groceries bimonthly to clients in 4 senior living facilities and to home-bound clients. Seasonal Meals - provide groceries to prepare a holiday family meal three times annually Back to School Extravaganza - equips local school children with new backpacks, school supplies, haircuts, dental kits annually . Support to Other Organizations - provides food weekly to at-risk students served by Folsom's Hope (after-school mentoring and tutoring), families assisted by Mercy Housing, HART of Folsom (transitional housing), residents of Powerhouse Transformation Center (abuse/addiction recovery), and monthly to Folsom Lake College's student food pantry. USDA - distributes food provided by Sacramento Food Bank to clients eligible under Federal Emergency Food Assistance Program.

Financial Efficiency

• Mission deployment rate: 85.5%; rating input score 86
• Program expense ratio: 89.8%; rating input score 90
• Fundraising efficiency: $21.84 raised per $1 spent on fundraising; rating input score 62; 62nd 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: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 4.9%; rating input score 50; 50th percentile among comparable filings
• Total-asset coverage ratio: 0.97; rating input score 36; 36th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 78; 78th percentile among comparable filings
• Officer compensation ratio: 4.1%; rating input score 61; 61st percentile among comparable filings

Growth

• Program expense growth: 13.1% per year; rating input score 100; 73rd percentile among comparable filings
• Revenue growth: 12.7% per year; rating input score 100; 76th percentile among comparable filings
• Asset growth: 12.2% per year; rating input score 100; 66th percentile among comparable filings