BOOMERANG BACKPACKS INC (EIN 800570852) - 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

2010

Legal Domicile

Principal Officer

MARK COCKROFT

Phone

2602423428

Tax Period

2023-07-01 to 2024-06-30

BOOMERANG BACKPACKS INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $345K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $462K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO NOURISH LOW INCOME ELEMENTARY STUDENTS ON WEEKENDS BY PROVIDING BACKPACKS FULL OF FOOD, AND TO INSPIRE HIGH SCHOOL STUDENTS TO EXPERIENCE COMMUNITY SERVICE THROUGH PROJECT BASED LEARNING AND STUDENT INTERNSHIPS.

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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 $288,436

Program Service Revenue $0

Investment Income $46

Other Revenue $56,983

TOTAL REVENUE $345,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,443

Fundraising Expenses $12,248

Program Expenses $424,693

Other Expenses $413,475

TOTAL EXPENSES $461,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$345,465	$305,563	+0.1%
Expenses	$461,918	$357,396	+0.3%
Net Income	$-116,453	$-51,833	+1.2%

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

400

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
MARK COCKROFT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KARA CONRAD	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JEREMY CRONKHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
REBEKAH CRONKHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID FREY	TREASURER	1.00	Officer Director	$0	$0	$0
MALLIKA KLINGAMAN	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$345,465	$461,918	$504,145	$-116,453
2023	$305,563	$357,396	$620,598	$-51,833
2022	$316,862	$286,102	$672,431	$30,760
2021	$317,386	$301,631	$641,671	$15,755
2020	$416,310	$302,991	$625,916	$113,319
2019	$292,807	$288,967	$512,597	$3,840

BOOMERANG BACKPACKS INC