Barrel Bag (EIN 831447494) - 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

2018

Legal Domicile

Principal Officer

Loren Quaglieri

Phone

4157200093

Tax Period

2024-01-01 to 2024-12-31

Barrel Bag, founded in 2018, is a community nonprofit in the Environment sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 217% from the prior year, signaling strong growth momentum.

Mission

To bring awareness to our environment and help eliminate litter-pollution - particularly plastic - around the world.

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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 $3,666,336

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $3,666,341

Expense Breakdown

Grants Paid $3,668,513

Salaries & Benefits $117,379

Fundraising Expenses $0

Program Expenses $3,668,513

Other Expenses $21,030

TOTAL EXPENSES $3,806,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,666,341	$1,156,357	+2.2%
Expenses	$3,806,922	$1,075,914	+2.5%
Net Income	$-140,581	$80,443	-2.7%

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

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
Tucker Grooms	President & CEO	10.00	Officer	$0	$0	$0
Loren Quaglieri	CFO	30.00	Officer	$0	$0	$0
Griffin Grooms	Secretary	10.00	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	$3,666,341	$3,806,922	No data	$-140,581
2023	$1,156,357	$1,075,914	$140,581	$80,443
2022	$1,564,642	$1,555,574	$60,138	$9,068
2021	$449,978	$409,343	$51,070	$40,635

Barrel Bag