BACKPACKS OF LOVE INC

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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

2012

Legal Domicile

Principal Officer

EVAN DAVIS

Phone

8045982723

Tax Period

2024-01-01 to 2024-12-31

BACKPACKS OF LOVE INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $224K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

AN ORGANIZATION COMMITTED TO REDUCING HUNGER IN SCHOOL AGE CHILDREN BY PROVIDING FOOD FOR THE WEEKENDS IN DISCREETLY DISTRIBUTED BACKPACKS OF FOOD ON THE LAST DAY OF THE SCHOOL WEEK FOR THOSE WHO QUALIFY.

Program Service Accomplishments

Program 1

Expenses: $163,800

During the year, our organization served approximately 1,000 children and delivered approximately 150,000 meals through our program. These accomplishments were significantly supported by...

During the year, our organization served approximately 1,000 children and delivered approximately 150,000 meals through our program. These accomplishments were significantly supported by gifts-in-kind not reported on Form 990: * Cobb Technologies donated the use of facilities and delivery trucks to operate a food pantry in Henrico, VA. The estimated fair market value of these contributions was $16,308, excluding the value of employee time also provided.* Sojourn Advisors provided professional services valued at $15,075 to evaluate and optimize the nutritional value of our menu. Their recommendations were implemented, directly enhancing the quality of meals provided.In addition to the program-related gifts-in-kind disclosed in Part III, our organization received several non-financial contributions that were essential to administrative and management operations. These gifts-in-kind were not reported in Form 990 financials due to IRS exclusions for donated services and use of facilities, but they significantly enhanced our capacity and impact.- Donated office space used for administrative functions. Estimated value: $4,200.- Donated meeting space for board meetings. Estimated value: $2,375.- Donated professional services including graphic design, website maintenance, and accounting. Estimated value: $4,617.- Donated business software used for operations. Estimated value: $720.

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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 $191,437

Program Service Revenue $0

Investment Income $886

Other Revenue $32,137

TOTAL REVENUE $224,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,225

Fundraising Expenses $35,667

Program Expenses $163,800

Other Expenses $143,158

TOTAL EXPENSES $222,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,460	$188,472	+0.2%
Expenses	$222,304	$182,041	+0.2%
Net Income	$2,156	$6,431	-0.7%

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

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Juliette Oliva	Director	4.00	Director	$0	$0	$0
Noah Maphis	Director	4.00	Director	$0	$0	$0
Evan Davis	Director	3.00	Director	$0	$0	$0
Michael Rota	Director	3.00	Director	$0	$0	$0
Bobby Fulcher	Director & Founder	3.00	Director	$0	$0	$0
Brenda Fulcher	Director	2.00	Director	$0	$0	$0
Dr Beth Teigen	Director	2.00	Director	$0	$0	$0
Jo Lewis	Director	2.00	Director	$0	$0	$0
Ruby Chang	Director	2.00	Director	$0	$0	$0
Sue Wilhelm	Director	2.00	Director	$0	$0	$0
Tony Leal	Director	2.00	Director	$0	$0	$0
Christy Polster	Director	2.00	Director	$0	$0	$0
Tom Sulzer	Director	1.00	Director	$0	$0	$0
Madison Ellis	Director	0.25	Director	$0	$0	$0
Micah White	President	2.00	Officer Director	$0	$0	$0
Lummie Jones	Treasurer	4.00	Officer Director	$0	$0	$0
Lisa Turner	Secretary	2.00	Officer 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	$224,460	$222,304	$104,184	$2,156
2023	$197,342	$193,103	$100,481	$4,239