BAGS OF HOPE (EIN 823487527) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

ASHLEY NYDISH

Tax Period

2023-01-01 to 2023-12-31

BAGS OF HOPE, founded in 2017, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $541K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Bags of Hope seeks to to bring hope to the Lake Norman and North Charlotte NC area by supplying free weekend food provisions to school children who experience food insecurity.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $503,530

Program Service Revenue $0

Investment Income $10,802

Other Revenue $27,149

TOTAL REVENUE $541,481

Expense Breakdown

Grants Paid $436,826

Salaries & Benefits $61,640

Fundraising Expenses $1,898

Program Expenses $541,771

Other Expenses $88,638

TOTAL EXPENSES $587,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$541,481	$477,440	+0.1%
Expenses	$587,104	$410,709	+0.4%
Net Income	$-45,623	$66,731	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY NYDISH	PRESIDENT	020.00	Officer Director	$0	$0	$0
ADAM PENNETTI	VP	010.00	Officer Director	$0	$0	$0
FRANK LOGANO	TREASURER	010.00	Officer Director	$0	$0	$0
LUCIA MODIA	SECRETARY	002.00	Officer Director	$0	$0	$0
ASHLEY FAZAL	BOARD MEMBER	005.00	Director	$0	$0	$0
STACY O'ROUKE	BOARD MEMBER	005.00	Director	$0	$0	$0
JEFF HOLMES	BOARD MEMBER	001.00	Director	$0	$0	$0
JOSH BILLIG	BOARD MEMBER	001.00	Director	$0	$0	$0
MATT DAWSON	BOARD MEMBER	001.00	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
2024	No data	No data	No data	No data
2023	$541,481	$587,104	$473,760	$-45,623
2022	$477,440	$410,709	$586,711	$66,731
2021	$435,897	$281,365	$468,770	$154,532
2020	$464,290	$326,017	$307,938	$138,273
2019	$287,536	$215,547	$166,006	$71,989

BAGS OF HOPE