FORSYTH BACKPACK PROGRAM (EIN 461940233) - 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

KIRSTEN RIRIE

Phone

3364073147

Tax Period

2024-07-01 to 2025-06-30

FORSYTH BACKPACK PROGRAM, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $153K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $181K exceeded revenue, resulting in a 18% operating deficit.

Mission

We provide food to children in need in Forsyth County NC primarily through weekend backpack programs in area schools.

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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 $132,622

Program Service Revenue $0

Investment Income $11,626

Other Revenue $9,141

TOTAL REVENUE $153,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,352

Fundraising Expenses $9,016

Program Expenses $152,435

Other Expenses $139,509

TOTAL EXPENSES $180,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$153,389	$192,609	-0.2%
Expenses	$180,861	$209,258	-0.1%
Net Income	$-27,472	$-16,649	+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

Governance

Voting Members

Independent Members

Employees

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

$38,413

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kirsten Ririe	President	10.00	Officer Director	$0	$0	$0
Barbara Lentz	Vice President	1.00	Officer Director	$0	$0	$0
Kristine Elliott	Director	1.00	Director	$0	$0	$0
Mari Jo Turner	Director	1.00	Director	$0	$0	$0
Melissa Moreano	Treasurer CFO	2.50	Officer Director	$0	$0	$0
Judy Bass	Secretary	2.00	Officer Director	$0	$0	$0
Daisy Rodriguez	Executive Director	25.00	Key Emp	$18,343	$0	$18,343
William Rose	Director	2.50	Director	$0	$0	$0
Cam Choiniere	Director	1.00	Director	$0	$0	$0
Darron Daniels	Director	1.00	Director	$0	$0	$0
David Ajamy	Operations Director	20.00	Key Emp	$15,129	$0	$15,129
Brad Shugoll	Director	1.00	Director	$0	$0	$0
Charolette Leach	Director	1.00	Director	$0	$0	$0
Terry Cowart	Director	1.00	Director	$0	$0	$0
Heather Mikeal	Executive Director	25.00	Key Emp	$4,941	$0	$4,941

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	$153,389	$180,861	$262,478	$-27,472
2024	$192,609	$209,258	$285,765	$-16,649
2023	$204,592	$249,183	$296,149	$-44,591
2022	$100,176	$165,545	$339,358	$-65,369
2021	$74,692	$51,236	$422,430	$23,456
2020	$242,121	$152,900	$393,966	$89,221

FORSYTH BACKPACK PROGRAM