NORTHEAST IOWA FOOD BANK INC
Mission Statement
The Northeast Iowa Food Bank proudly provides food to 16 counties across northeast Iowa every day, working to ensure that every person has access to nutritious food and the dignity that comes with it. We Champion People through our mission: to provide nutritious food and grocery products to nonprofit organizations and individuals, while offering hunger education programs to the area and those in need. We are committed to building stronger, more compassionate communities and ensuring no one goes hungry. Today, more than 45,000 people in northeast Iowa face food insecurity, which is 5,000 more than just one year ago and over 15,000 more than two years ago. Hunger can happen to anyone. We are all just one accident, illness, or unexpected setback away from needing help. Although our facility is physically located in Waterloo, our reach extends far beyond city limits. Many of our trucks travel over two hours one way several days a week to deliver food to the 127 partner agencies we serve across northeast Iowa. Last year, NEIFB distributed more than 8.64 million meals, supported thousands across our service area, and engaged nearly 11,000 volunteers who contributed more than 35,500 hours to our mission.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.8% | 94.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.5% | 2.9% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.7% | 2.1% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
682.7% | 723.0% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.5 mo | 6.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.3% | 9.2% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.2% | 96.5% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
5.6% | 11.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
3.6% | 10.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.3% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $22.2M | $21.7M | $13.5M | 94.8% | 59 |
| 2023 | $21.0M | $20.9M | $12.8M | 96.4% | 53 |
| 2022 | $17.2M | $18.9M | $12.7M | 95.8% | 54 |
| 2021 | $25.4M | $23.4M | N/A | — | 45 |
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