MANNA FOOD BANK INC

Community impact after helene since hurricane helene, manna has distributed more than 15 million meals and delivered generators, propane, coolers, cleaning supplies, and hygiene products to families across western north carolina. Food distribution remains far above pre-storm levels as communities continue to rebuild and recover. This response was only possible because of the extraordinary generosity of our community. Donors, volunteers, farmers, faith groups, corporate partners, and neighbors came together in remarkable ways to donate funds, food, and time when they were needed most. Volunteers helped load trucks and staff emergency distributions. Local businesses opened their doors and shared supplies. Farmers donated produce even while facing their own losses. Every act of kindness helped manna stay on the road and on mission. Together, this region ensured that food reached people who needed it most, proving once again that western north carolina's strength lies in its compassion and unity. Financial stewardship and stability insurance provided essential stability during rebuilding. By june 30, 2025, manna had received 2.08 million in insurance proceeds. These recovery funds were managed under strict internal controls and tracked separately in accordance with gaap standards. The board created a strategic fund for community resilience to sustain disaster preparedness, facility improvements, and future emergency response. Operational and financial systems transformation during the past year, manna experienced significant organizational changes, particularly within the finance function. The loss of our facility during hurricane helene required immediate adjustments to keep financial operations running smoothly while the organization relocated and rebuilt. This experience also underscored the need to modernize systems and strengthen internal processes for long-term stability. To support this transition, manna engaged bdo, a national accounting firm, to provide expert guidance and interim capacity. Their work includes strengthening daily financial operations, reviewing accounting platforms, refining staffing structure, and updating internal controls to improve accuracy and transparency. This partnership is helping manna build a financial infrastructure that can adapt to both growth and disruption. Current priorities include simplifying daily workflows, implementing a new accounting system with stronger reporting capabilities, and recruiting skilled finance staff. Long-term, manna is focused on maintaining sustainable financial health and cultivating a culture of continuous improvement within the department. Staff training and cross-functional coordination are being expanded so that financial management remains consistent and resilient under any circumstance. Through these efforts, manna continues to uphold its commitment to transparency, accountability, and excellent stewardship of the resources entrusted to its care. Financial position costs to resume operations totaled 53.4 million, an increase of 14.1 million from the prior year, driven by the purchase of our new facility, equipment, supplies, and expanded food purchasing and transportation costs. Manna ended the year with 59.6 million in cash and equivalents, ensuring liquidity for ongoing recovery and program stability. Looking ahead, manna will complete the build-out of the mills river facility, advance local purchasing partnerships, and continue with the implementation of a regional food security resilience framework developed with community input. These investments will position manna to serve more neighbors, respond faster to disasters, and sustain access to nutritious food across western north carolina.