Regional Food Bank of Oklahoma, Inc. Market Research Report

Background

Overview

Established in 1980, the Regional Food Bank of Oklahoma (RFBO) is the state's largest domestic hunger-relief 501(c)(3) nonprofit organization. It distributes food through a network of over 1,300 community-based partner agencies and schools across 53 counties in central and western Oklahoma. The organization serves chronically hungry children, seniors living on fixed incomes, and hardworking families struggling to make ends meet.

Mission and Vision

Mission: Lead a network that provides nutritious food and pathways to self-sufficiency for people facing hunger.

Vision: An Oklahoma where no one goes hungry.

Industry Significance

As a member of Feeding America, the nation's network of food banks, RFBO plays a pivotal role in addressing food insecurity in Oklahoma, a state consistently ranked among the hungriest in the nation.

Key Strategic Focus

Core Objectives

Expand food distribution to meet the growing demand.

Enhance community partnerships to address the root causes of hunger.

Implement programs that promote self-sufficiency among recipients.

Areas of Specialization

Food distribution through a vast network of partners.

Public education on hunger issues.

Advocacy for policies supporting food security.

Provision of additional resources to those in need.

Key Technologies Utilized

Advanced logistics and inventory management systems to efficiently distribute food.

Data analytics to assess community needs and program effectiveness.

Primary Markets Targeted

Children facing chronic hunger.

Seniors on fixed incomes.

Families experiencing economic hardships.

Financials and Funding

Funding History

Total Revenues (2024): $115,606,032

Total Expenses (2024): $113,121,852

Total Assets (2024): $34,828,293

Recent Funding Rounds

Specific details about recent funding rounds are not publicly disclosed.

Notable Investors

As a nonprofit organization, RFBO's funding primarily comes from:

Individual donors.

Foundations.

Corporations.

Civic and religious groups.

Utilization of Capital

Funds are allocated towards:

Food procurement and distribution.

Operational expenses.

Program development and community outreach.

Pipeline Development

Key Programs and Initiatives

Food for Kids Program: Provides nutritious food to children facing hunger.

Food & Resource Centers: Client-choice pantries offering a grocery-store-like experience.

Disaster Relief Efforts: Responds to emergencies with food assistance.

Stages of Development

These programs are operational and continually expanding to meet community needs.

Target Conditions

Childhood hunger.

Senior food insecurity.

Family economic hardship.

Disaster-induced food shortages.

Anticipated Milestones

Expansion of Food & Resource Centers.

Increased food distribution volumes.

Enhanced community engagement and partnerships.

Technological Platform and Innovation

Proprietary Technologies

Logistics and inventory management systems tailored for large-scale food distribution.

Significant Scientific Methods

Data analytics for assessing community needs and program effectiveness.

AI-Driven Capabilities

Utilization of data analytics to optimize food distribution and program impact.

Leadership Team

Key Executives

Stacy Dykstra, Ph.D. – Chief Executive Officer: Leads the organization with a focus on strategic growth and community impact.

Phi Nguyen – Board Chair: Provides governance and strategic oversight.

Professional Backgrounds

Stacy Dykstra, Ph.D.: Experienced in nonprofit leadership and community development.

Phi Nguyen: Background in organizational leadership and strategic planning.

Key Contributions

Stacy Dykstra, Ph.D.: Spearheaded program expansions and enhanced community partnerships.

Phi Nguyen: Guided the organization through strategic initiatives and growth phases.

Competitor Profile

Market Insights and Dynamics

Market Size: The hunger-relief sector in Oklahoma is substantial, with numerous organizations addressing food insecurity.

Growth Potential: Opportunities exist to expand services and reach underserved communities.

Industry Trends: Increasing collaboration among nonprofits and a focus on sustainable solutions.

Competitor Analysis

Community Food Bank of Eastern Oklahoma: Serves 24 counties in eastern Oklahoma, distributing food to over 450 partner agencies.

Other Local Food Banks: Various organizations operate within specific counties, contributing to the overall effort against hunger.

Competitive Landscape

RFBO maintains a leading position in central and western Oklahoma, with a vast network and comprehensive programs. Collaboration with other organizations enhances the collective impact on hunger relief.

Strategic Collaborations and Partnerships

Significant Collaborations

Feeding America: National network providing resources and support.

Google.org: Partnered to deliver meals and build technology solutions.

Walmart and Sam’s Club: Collaborated on the "Fight Hunger. Spark Change." campaign.

Impact of Partnerships

These collaborations have enhanced food distribution capabilities, increased community engagement, and provided technological advancements to improve operations.

Operational Insights

Strategic Considerations

Major Competitors: Other food banks and hunger-relief organizations in Oklahoma.

Market Position: RFBO holds a dominant position in its service area.

Competitive Advantages: Extensive network, diverse programs, and strong community partnerships.

Strategic Opportunities and Future Directions

Roadmap and Future Directions

Expansion of Services: Increase the number of Food & Resource Centers.

Community Engagement: Strengthen partnerships with local organizations and businesses.

Sustainability Initiatives: Implement programs to reduce food waste and promote sustainable practices.

Opportunities for Expansion

Geographic Reach: Extend services to additional counties in Oklahoma.

Program Development: Introduce new initiatives addressing specific community needs.

Positioning for Future Objectives

RFBO's established infrastructure, experienced leadership, and strong community ties position it well to achieve its future goals and continue its mission to fight hunger in Oklahoma.