NOTE IN THE POCKET 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

2013

Legal Domicile

Principal Officer

DALLAS BONAVITA

Phone

9197149403

Tax Period

2024-01-01 to 2024-12-31

NOTE IN THE POCKET INC, founded in 2013, is a community nonprofit in the Human Services sector that reported $4.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

NOTE IN THE POCKET PROVIDES CLOTHING TO IMPOVERISHED AND HOMELESS SCHOOL CHILDREN IN WAKE COUNTY WITH DIGNITY AND LOVE. WE BELIEVE IT IS UNACCEPTABLE THAT CHILDREN IN WAKE COUNTY ARE LIMITED IN THEIR EDUCATIONAL AND SOCIAL DEVELOPMENT BECAUSE THEY DO NOT HAVE APPROPRIATE CLOTHING FOR SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $3,843,878 Revenue: $36,743

NOTE IN THE POCKET'S PRIMARY PROGRAM IS TO PROVIDE LOCAL HOMELESS AND IMPOVERISHED SCHOOL CHILDREN AND THEIR FAMILIES WITH HIGH-QUALITY CLOTHING. IN 2024, 10,081 INDIVIDUALS RECEIVED MUCH-NEEDED...

NOTE IN THE POCKET'S PRIMARY PROGRAM IS TO PROVIDE LOCAL HOMELESS AND IMPOVERISHED SCHOOL CHILDREN AND THEIR FAMILIES WITH HIGH-QUALITY CLOTHING. IN 2024, 10,081 INDIVIDUALS RECEIVED MUCH-NEEDED CLOTHING ASSISTANCE THROUGHOUT WAKE AND DURHAM COUNTIES.

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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 $4,239,634

Program Service Revenue $0

Investment Income $10,915

Other Revenue $-9,462

TOTAL REVENUE $4,241,087

Expense Breakdown

Grants Paid $2,517,838

Salaries & Benefits $800,874

Fundraising Expenses $106,294

Program Expenses $3,843,878

Other Expenses $901,622

TOTAL EXPENSES $4,220,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,241,087	$3,883,948	+0.1%
Expenses	$4,220,334	$3,546,575	+0.2%
Net Income	$20,753	$337,373	-0.9%

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

7832

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

$99,399

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM TINNESZ	CHAIR	1.00	Officer Director	$0	$0	$0
JEREMY PETRANKA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK CHAMBERS	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER VONDEE	SECRETARY (THRU MAY 2024)	1.00	Officer Director	$0	$0	$0
BROOKE HANFORD	SECRETARY (AS OF MAY 2024)	1.00	Director	$0	$0	$0
JAMI CRAMPTON	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE CROSS	DIRECTOR	0.50	Director	$0	$0	$0
GREG DELAGE	DIRECTOR	0.50	Director	$0	$0	$0
ARIANE DESPRES	DIRECTOR	0.50	Director	$0	$0	$0
RAVEN GIBBS	DIRECTOR	0.50	Director	$0	$0	$0
LEXY GOODWIN	DIRECTOR	0.50	Director	$0	$0	$0
LAURA KEEFER	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK MACKIE	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER TOLLEY	DIRECTOR	0.50	Director	$0	$0	$0
TIM SCALES	DIRECTOR	0.50	Director	$0	$0	$0
JILL WALTERS	DIRECTOR (THRU MAY 2024)	0.50	Director	$0	$0	$0
DALLAS BONAVITA	EXECUTIVE DIRECTOR	40.00	Officer	$89,241	$10,158	$99,399

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	$4,241,087	$4,220,334	$3,241,949	$20,753
2023	$3,883,948	$3,546,575	$3,548,040	$337,373
2022	$4,329,344	$2,564,963	$3,235,178	$1,764,381
2021	$2,410,193	$1,837,776	$1,466,024	$572,417
2020	$1,365,945	$1,455,343	$891,162	$-89,398
2019	$1,412,139	$1,293,480	$977,069	$118,659
2018	$1,241,605	$1,138,620	$859,269	$102,985