One Backpack 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

Phone

6613314261

Tax Period

2022-07-01 to 2023-06-30

One Backpack Inc, founded in 2012, is a small nonprofit in the Public Safety sector that reported $252K in total revenue in fiscal year 2022. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $241K left a modest 4% surplus.

Mission

Support other organizations conducting charitable activities and provide relief to the poor, distressed, and underprivileged.

Program Service Accomplishments

Program 1

Expenses: $205,986

The organization's program provides training, support, equipment, food, and financial aid to people, families, communities, and other organizations impacted by natural disaster, economic hardship...

The organization's program provides training, support, equipment, food, and financial aid to people, families, communities, and other organizations impacted by natural disaster, economic hardship, civil unrest, and war.

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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 (2022)

Revenue Breakdown

Contributions & Grants $251,934

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $251,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,986

Other Expenses $241,166

TOTAL EXPENSES $241,166

Year-over-Year Comparison

	2022	2021	Change
Revenue	$251,934	$172,523	+0.5%
Expenses	$241,166	$462,604	-0.5%
Net Income	$10,768	$-290,081	-1.0%

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

N/A

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
Dwayne Kitchen	Director	2.00	Director	$0	$0	$0
Rick Watson	Director	2.00	Director	$0	$0	$0
Keith Newsome	President & CEO	10.00	Officer	$0	$0	$0
Lana Newsome	Treasurer	30.00	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
2023	$251,934	$241,166	$23,055	$10,768
2022	$172,523	$462,604	$12,187	$-290,081
2021	$234,942	$251,112	$9,068	$-16,170
2019	$160,095	$152,554	$13,094	$7,541