Homeless Backpacks Inc

EIN: 260380763 501(c)(3) Human Services

Lacey, WA

Total Revenue
$638,732
Total Expenses
$444,818
Total Assets
$304,144
Net Assets
$304,144
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
WA
Principal Officer
Kelly Wilson
Phone
3604648133
Tax Period
2024-07-01 to 2025-06-30

Homeless Backpacks Inc, founded in 2006, is a small nonprofit in the Human Services sector that reported $639K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $194K, a strong 30% operating margin.

Mission

Provide weekend and holiday break food bags or food gift cards to junior and senior high school counselors and/or nurses to be given to food-insecure students.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $579,035
Program Service Revenue $0
Investment Income $1,667
Other Revenue $58,030
TOTAL REVENUE $638,732

Expense Breakdown

Grants Paid $358,971
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $422,818
Other Expenses $85,847
TOTAL EXPENSES $444,818

Year-over-Year Comparison

2024 2023 Change
Revenue $638,732 $430,605 +0.5%
Expenses $444,818 $520,035 -0.1%
Net Income $193,914 $-89,430 -3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
1200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lindsey Lundholm Board Member 2.00
Director
$0 $0 $0
Lindsey Dahlquist Board Member 2.00
Director
$0 $0 $0
Trina Henderson Board Member 2.00
Director
$0 $0 $0
Deanna East Board Member 2.00
Director
$0 $0 $0
Lisa Seavy Board Member 2.00
Director
$0 $0 $0
Megan Zahringer Board Member 2.00
Director
$0 $0 $0
Shy-Anne Haney Board Member 2.00
Director
$0 $0 $0
Jordan Doughty Board Member 2.00
Director
$0 $0 $0
Annette Deines Board Member 2.00
Director
$0 $0 $0
Christina Janis Board Member 2.00
Director
$0 $0 $0
Aaron Grasser Board Member 2.00
Director
$0 $0 $0
Peggy Caldwell Board Member 2.00
Director
$0 $0 $0
Kathy Holt Board Member 2.00
Director
$0 $0 $0
Kelly Wilson Chairman 20.00
Officer
$0 $0 $0
Mike Jones Treasurer 5.00
Officer
$0 $0 $0
Matthew Klifman Vice Chair 5.00
Officer
$0 $0 $0
Jill Lane Secretary 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $638,732 $444,818 $304,144 $193,914
2024 $430,605 $520,035 $110,230 $-89,430
2022 $121,004 $170,774 $295,076 $-49,770
2021 $273,251 $245,310 $339,464 $27,941
2020 $485,519 $369,792 $311,523 $115,727
2020 $485,519 $369,792 $311,523 $115,727
2019 $237,695 $158,434 $194,358 $79,261
2019 $237,695 $158,434 $194,358 $79,261
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