JACKET BACKERS 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

1910

Legal Domicile

Principal Officer

JOSE CLEMENTE

Phone

7636891102

Tax Period

2021-01-01 to 2021-12-31

JACKET BACKERS INC, founded in 1910, is a micro nonprofit in the Recreation & Sports sector that reported $52K in total revenue in fiscal year 2021. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 27% operating margin.

Mission

TO SUPPORT AND PROMOTE THE CAMBRIDGE-ISANTI AREA FOOTBALL PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $36,733 Revenue: $27,259

THE ORGANIZATION PROMOTES FOOTBALL IN THE COMMUNITY FOR 9TH-12TH GRADERS BY DOING A NUMBER OF THINGS SUCHS AS: HOSTING NUMEROUS BENEFITS TO SUPPORT THE FOOTBALL PLAYERS IN THE COMMUNITIES OF...

THE ORGANIZATION PROMOTES FOOTBALL IN THE COMMUNITY FOR 9TH-12TH GRADERS BY DOING A NUMBER OF THINGS SUCHS AS: HOSTING NUMEROUS BENEFITS TO SUPPORT THE FOOTBALL PLAYERS IN THE COMMUNITIES OF CAMBRIDGE AND ISANTI. THE ORGANIZATION PROVIDES NEW UNIFORMS AND EQUIPMENT FOR THE TEAMS. IN 2021, THE ORGANIZATION PURCHASED HELMETS FOR THE FOOTBALL PRGORAM. THE ORGANIZATION ALSO FUNDED 3 COACHES TO ASSIST IN TEACHING FUNDAMENTALS OF THE GAME TO PLAYERS TO INCREASE SAFETY AND KNOWLEDGE, AND TO DECREASE INJURIES. THE ORGANIZATION PROVIDED MONETARY ASSISTANCE FOR THE YOUTH PASSING LEAGUE WHERE 250+ STUDENT-ATHLETES ATENDED IN 2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,500

Program Service Revenue $27,259

Investment Income $0

Other Revenue $21,272

TOTAL REVENUE $52,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $572

Program Expenses $36,733

Other Expenses $38,222

TOTAL EXPENSES $38,222

Year-over-Year Comparison

	2021	2020	Change
Revenue	$52,031	$29,086	+0.8%
Expenses	$38,222	$31,017	+0.2%
Net Income	$13,809	$-1,931	-8.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
JESSICA BRAATEN	TREASURER	2.00	Officer Director	$0	$0	$0
JOSE CLEMENTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTI PATRICK	SECRETARY	1.00	Officer Director	$0	$0	$0
CARL WESTBERG	VICE PRESIDE	1.00	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
2021	$52,031	$38,222	$40,260	$13,809
2020	$29,086	$31,017	$30,426	$-1,931
2019	$43,413	$41,425	$29,557	$1,988
2018	$51,824	$41,983	$27,569	$9,841