GOLDEN BACKPACK PROGRAM INC (EIN 320447255) - 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

2014

Legal Domicile

Principal Officer

KEVIN M ANDREZEJEWSKI

Phone

7206872041

Tax Period

2024-01-01 to 2024-12-31

GOLDEN BACKPACK PROGRAM INC, founded in 2014, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $710K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $344K, a strong 49% operating margin.

Mission

TO INCREASE FOOD SECURITY IN THE GOLDEN COMMUNITY THROUGH INNOVATIVEPARTNERSHIPS AND PROGRAMS. NOW, MORE THAN EVER, WE MUST CONTINUE TOEDUCATE, SUPPORT AND OVERCOME CHALLENGES TOGETHER

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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 $677,098

Program Service Revenue $0

Investment Income $33,585

Other Revenue $-1,102

TOTAL REVENUE $709,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,656

Fundraising Expenses $0

Program Expenses $336,868

Other Expenses $180,749

TOTAL EXPENSES $365,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,581	$581,202	+0.2%
Expenses	$365,405	$455,744	-0.2%
Net Income	$344,176	$125,458	+1.7%

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

N/A

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

$95,001

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN M ANDREZEJEWSKI	EXECUTIVE DIRECTOR	40.00	Officer	$95,001	$0	$95,001
NATE OATMAN	MEMBER	1.00	Director	$0	$0	$0
ERIC PETERSON	MEMBER	1.00	Director	$0	$0	$0
PAULA REED	MEMBER	1.00	Director	$0	$0	$0
SARAH A ADLER	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
WENDY JOHNSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MELINDA COX	SECRETARY	1.00	Officer	$0	$0	$0
DERRIA BANTA	TREASURER	1.00	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
2024	$709,581	$365,405	$955,758	$344,176
2023	$581,202	$455,744	$703,750	$125,458
2022	$523,768	$464,484	$476,510	$59,284
2021	$356,732	$368,421	$408,539	$-11,689
2020	$804,367	$476,926	$463,866	$327,441

GOLDEN BACKPACK PROGRAM INC