BAGS OF FAITH INC

EIN: 873372298 501(c)(3) Human Services

BROOKLET, GA

Total Revenue
$194,765
Total Expenses
$105,867
Total Assets
$306,501
Net Assets
$306,501
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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
2021
Legal Domicile
GA
Principal Officer
CHAD REINBOLD
Phone
9124895139
Tax Period
2024-01-01 to 2024-12-31

BAGS OF FAITH INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $195K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $89K, a strong 46% operating margin.

Mission

SCHEDULE O STATEMENT 1

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $194,765
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $194,765

Expense Breakdown

Grants Paid $90,364
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,867
Other Expenses $15,503
TOTAL EXPENSES $105,867

Year-over-Year Comparison

2024 2023 Change
Revenue $194,765 $166,766 +0.2%
Expenses $105,867 $58,620 +0.8%
Net Income $88,898 $108,146 -0.2%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD REINBOLD PRESIDENT N/A
Officer 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 $194,765 $105,867 $306,501 $88,898
2023 $166,766 $58,620 $213,608 $108,146
2022 $142,739 $45,254 No data $97,485
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