BACKPACK BEGINNINGS (EIN 461251223) - 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

2010

Legal Domicile

Principal Officer

PARKER WHITE

Phone

3369547445

Tax Period

2024-07-01 to 2025-06-30

BACKPACK BEGINNINGS, founded in 2010, is a community nonprofit in the Human Services sector that reported $5.2M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $4.8M left a modest 6% surplus.

Mission

THE MISSION OF BACKPACK BEGINNINGS IS TO CONNECT CHILDREN AND THEIR FAMILIES TO RESOURCES NEEDED TO THRIVE, THEREBY PROVIDING A POSITIVE AND LASTING IMPACT ON THEIR HEALTH.

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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 $5,000,929

Program Service Revenue $0

Investment Income $151,429

Other Revenue $1,309

TOTAL REVENUE $5,153,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $437,303

Fundraising Expenses $5,347

Program Expenses $4,699,681

Other Expenses $4,382,522

TOTAL EXPENSES $4,819,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,153,667	$4,322,460	+0.2%
Expenses	$4,819,825	$3,961,858	+0.2%
Net Income	$333,842	$360,602	-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

6300

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
PARKER WHITE	EXECUTIVE DIRECTOR/PRESIDE	45.00	Officer Director	$0	$0	$0
ALLISON COCHRAN	SECRETARY - TREASURER	5.00	Officer Director	$0	$0	$0
TERRY JONES	DIRECTOR	2.00	Director	$0	$0	$0
CEDRIC PARKER	DIRECTOR	2.00	Director	$0	$0	$0
GREGG SLOAN	DIRECTOR	2.00	Director	$0	$0	$0
MINDY OAKLEY	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER CROSS	DIRECTOR	2.00	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
2025	$5,153,667	$4,819,825	$4,638,860	$333,842
2024	$4,322,460	$3,961,858	$4,529,553	$360,602
2023	$3,098,106	$2,507,895	$4,301,064	$590,211
2023	$3,113,500	$2,507,895	$4,301,064	$605,605
2022	$2,502,339	$1,210,007	$3,251,152	$1,292,332
2021	$1,766,265	$971,387	$2,084,855	$794,878
2020	$1,171,218	$821,280	$1,228,665	$349,938
2019	$645,130	$646,228	$961,123	$-1,098

BACKPACK BEGINNINGS