BONAFIDE INC

EIN: 384086262 501(c)(3) Crime & Legal

Oakland, CA

Total Revenue
$1,044,934
Total Expenses
$1,010,579
Total Assets
$1,032,376
Net Assets
$917,363
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
David Cowan
Phone
4157566125
Tax Period
2024-01-01 to 2024-12-31

BONAFIDE INC, founded in 2021, is a community nonprofit in the Crime & Legal sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.0M left a modest 3% surplus.

Mission

It is our mission to ensure that people affected by incarceration have the material, emotional and advocacy support they need to both integrate into society and build healthy, productive lives going forward.

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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 $1,028,943
Program Service Revenue $12,646
Investment Income $2,324
Other Revenue $1,021
TOTAL REVENUE $1,044,934

Expense Breakdown

Grants Paid $34,480
Salaries & Benefits $466,541
Fundraising Expenses $72,099
Program Expenses $682,967
Other Expenses $470,810
TOTAL EXPENSES $1,010,579

Year-over-Year Comparison

2024 2023 Change
Revenue $1,044,934 $1,160,364 -0.1%
Expenses $1,010,579 $1,033,386 0.0%
Net Income $34,355 $126,978 -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

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Governance

Voting Members
9
Independent Members
1
Employees
10
Volunteers
1

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
9
$109,315
Total Directors
0
$0
Key Employees
1
$109,315
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Cowan Executive Director 60
Officer Key Emp Highest
$109,315 $0 $109,315
Rebecca Carter Board President 2
Officer
$0 $0 $0
Autumn Kruse Treasurer 1
Officer
$0 $0 $0
John Windham Secretary 1
Officer
$0 $0 $0
Zarinah Agnew Board Member 1
Officer
$0 $0 $0
Terah Lawyer Board Member 1
Officer
$0 $0 $0
Samantha Epstein Board Member 1
Officer
$0 $0 $0
Marielle Smith Board Member 1
Officer
$0 $0 $0
Kenyatta Leal Board Member 1
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 $1,044,934 $1,010,579 $1,032,376 $34,355
2023 $1,160,364 $1,033,386 $883,008 $126,978
2022 $760,007 $564,982 $756,030 $195,025
2022 $760,007 $547,518 $756,030 $212,489
2021 $627,579 $223,059 $543,541 $404,520
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