Bags of Love Inc (EIN 461710086) - 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

2012

Legal Domicile

Principal Officer

Carmen L Perez

Phone

3013224503

Tax Period

2023-01-01 to 2023-12-31

Bags of Love Inc, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $172K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $65K, a strong 38% operating margin.

Mission

To assist in the relief of the poor and distressed and of the underprivilege, and the relief of indigent families through the provision of food items and other necessaries to the underprivilege.

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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 (2023)

Revenue Breakdown

Contributions & Grants $172,087

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $172,087

Expense Breakdown

Grants Paid $19,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,847

Other Expenses $87,347

TOTAL EXPENSES $106,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,087	$205,197	-0.2%
Expenses	$106,847	$102,741	+0.0%
Net Income	$65,240	$102,456	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elda M Devarie	President	1.00	Officer Director	$0	$0	$0
Zulema Tijero	Secretary	1.00	Officer Director	$0	$0	$0
Carmen L Perez	Treasurer	1.00	Officer Director	$0	$0	$0
Jennifer Gonzalez	Board member	1.00	Officer Director	$0	$0	$0
Milli Perez	Board member	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
2024	No data	No data	No data	No data
2023	$172,087	$106,847	$215,329	$65,240
2022	$205,197	$102,741	$150,089	$102,456
2021	$1	$1,824	$47,633	$-1,823
2020	$67,621	$48,542	$49,456	$19,079
2019	$62,687	$50,268	$30,377	$12,419
2018	$65,435	$74,912	$17,958	$-9,477

Bags of Love Inc