BACKPACKS FOR LIFE 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

2014

Legal Domicile

Principal Officer

BRETT D'ALESSANDRO

Phone

8332358387

Tax Period

2023-01-01 to 2023-12-31

BACKPACKS FOR LIFE INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $325K in total revenue in fiscal year 2023.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO HELP HOMELESS AND DISADVANTAGED VETERANS BY PROVIDING THEM WITH DAILY LIFE ESSENTIALS AS WELL AS COMMUNICATE TO THEM ABOUT THE VARIOUS PROGRAMS AND AGENCIES THAT ARE IN PLACE TO HELP THEM ADAPT AND SUCCEED AS THEY TRANSITION TO LIFE AFTER SERVICE.

Program Service Accomplishments

Program 1

Expenses: $168,689

Backpacks program: The Organization distributes backpacks containing the daily essentials at various events held throughout the year. Backpacks and the supplies that are delivered in them are mainly acquired through donation and purchase. The Organization has also developed a proprietary backpack that they will distribute as part of this program.

Program 2

Expenses: $118,468

Coaching & Mentoring: The Organization has developed an online resource portal, ROGER, where veterans and their families can search for resources in their area. As part of this program, The...

Coaching & Mentoring: The Organization has developed an online resource portal, ROGER, where veterans and their families can search for resources in their area. As part of this program, The Organization gets directly involved with some of the most at risk veterans. Services to these veterans includes counseling on where and how to find the help they may need in a quick and efficient manner. Critical assistance may also be provided for housing, transportation, and food. Special projects may also be catagorized to this program.

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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 $292,760

Program Service Revenue $0

Investment Income $2,505

Other Revenue $30,039

TOTAL REVENUE $325,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,900

Fundraising Expenses $10,888

Program Expenses $287,157

Other Expenses $296,986

TOTAL EXPENSES $341,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$325,304	$332,260	0.0%
Expenses	$341,886	$296,611	+0.2%
Net Income	$-16,582	$35,649	-1.5%

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

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

$40,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXA D'ALESSANDRO	Exec. Director	35.00	Officer	$40,000	$0	$40,000
BRETT D'ALESSANDRO	President	0.00	Officer	$0	$0	$0
JAMES PIAZZA	Treasurer	0.00	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
2024	No data	No data	No data	No data
2023	$325,304	$341,886	$402,481	$-16,582
2022	$332,260	$296,611	$420,764	$35,649
2021	$605,363	$446,098	$384,826	$159,265
2020	$640,585	$606,726	$412,617	$33,859
2019	$251,529	$248,382	$189,848	$3,147
2018	$273,661	$298,327	$186,098	$-24,666