BAGS OF LOVE (EIN 262998882) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

GEIR LEFAIVE

Phone

5413574957

Tax Period

2024-01-01 to 2024-12-31

BAGS OF LOVE, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $249K, a strong 17% operating margin.

Mission

THE MISSION OF BAGS OF LOVE IS TO PROVIDE NECESSITIES AND COMFORT ITEMS TO CHILDREN WHO ARE IN CRISIS DUE TO NEGLECT, ABUSE, POVERTY OR HOMELESSNESS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,367,123

Program Service Revenue $0

Investment Income $11,106

Other Revenue $117,985

TOTAL REVENUE $1,496,214

Expense Breakdown

Grants Paid $953,573

Salaries & Benefits $178,877

Fundraising Expenses $18,703

Program Expenses $1,158,127

Other Expenses $115,206

TOTAL EXPENSES $1,247,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,496,214	$1,284,183	+0.2%
Expenses	$1,247,656	$1,002,743	+0.2%
Net Income	$248,558	$281,440	-0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

350

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MISTY HALL	Executive Dir.	40.00	Officer	$85,000	$0	$85,000
BECKY STENZEL	Treasurer	5.00	Officer Director	$0	$0	$0
TODD BRADSHAW	MEMBER	1.00	Director	$0	$0	$0
GEIR LEFAIVE	President	1.00	Officer Director	$0	$0	$0
CAROLYN MOORE	MEMBER	1.00	Director	$0	$0	$0
ANNE BRIDGET GEERTSEN	MEMBER	1.00	Director	$0	$0	$0
DR RACHELLE VILLANO	MEMBER	1.00	Director	$0	$0	$0
COLLEEN FITZGIBBONS	Vice President	1.00	Officer Director	$0	$0	$0
SHONDRA HOLLIDAY	MEMBER	1.00	Director	$0	$0	$0
DIANE COUGHILL	MEMBER	1.00	Director	$0	$0	$0
BROOKE JOHNSEN	Secretary	1.00	Officer Director	$0	$0	$0
SARAH SMITH	MEMBER	1.00	Director	$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
2024	$1,496,214	$1,247,656	$1,212,827	$248,558
2023	$1,284,183	$1,002,743	$964,592	$281,440
2022	$1,164,960	$1,036,550	$683,566	$128,410
2021	$944,868	$865,040	$555,454	$79,828
2020	$844,075	$773,136	$477,463	$70,939
2019	$691,081	$628,600	$407,584	$62,481
2018	$621,405	$549,409	$337,008	$71,996

BAGS OF LOVE