KFood, Agriculture & NutritionEIN: 043071457· Ruling Year: 1994

Worcester County Food Bank Inc

Shrewsbury, Massachusetts

B+Health Score
69B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

💰
$19.6M
Total Revenue
📊
$17.6M
Total Expenses
🏦
$21.1M
Net Assets
📋
$174K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+2.3%
Year-over-year change (2022 → 2023)
Net Margin
+9.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.20
Net assets divided by total expenses
Liabilities-to-Assets
0.8%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$19,580,2232%$17,646,4535%$21,268,90315%
2022$19,136,56410%$16,783,3591%$18,509,8704%
2021$21,289,86812%$17,002,6258%$17,808,94947%
2020$18,960,62648%$15,700,41322%$12,114,65142%
2019$12,802,2097%$12,829,9036%$8,558,5203%
2018$13,834,0423%$13,632,02810%$8,312,0704%
2017$13,409,2253%$12,444,8082%$7,982,78916%
2016$13,047,1807%$12,713,6806%$6,861,6991%
2015$12,214,8871%$11,971,3798%$6,792,3073%
2014$12,093,1877%$11,126,9703%$6,606,27620%
2013$11,260,1502%$10,782,4113%$5,486,13413%
2012$11,036,371$10,473,591$4,833,658

Frequently Asked Questions

What does Worcester County Food Bank Inc do?

Worcester County Food Bank Inc is a food, agriculture & nutrition nonprofit organization based in Massachusetts. It is classified under NTEE code K31Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Worcester County Food Bank Inc financially healthy?

Based on our 9-metric Financial Health Score model, Worcester County Food Bank Inc has a score of 69/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Worcester County Food Bank Inc generate?

Worcester County Food Bank Inc reports $21.6M in annual revenue and holds $24.3M in total assets, based on IRS filings.

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