MY STUFF BAGS FOUNDATION (EIN 954671812) - 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

1998

Legal Domicile

Principal Officer

JANEEN HOLMES

Phone

8188653860

Tax Period

2023-01-01 to 2023-12-31

MY STUFF BAGS FOUNDATION, founded in 1998, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $2.4M left a modest 9% surplus.

Mission

PROVIDE DUFFEL BAGS OF NEW BELONGINGS TO CHILDREN WHO ENTER CRISIS SHELTERS DUE TO ABUSE, NEGLECT, OR COMMUNITY DISASTERS.

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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 $2,632,953

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,632,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,084

Fundraising Expenses $70,158

Program Expenses $2,256,747

Other Expenses $2,122,989

TOTAL EXPENSES $2,397,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,632,953	$2,843,046	-0.1%
Expenses	$2,397,073	$2,378,916	+0.0%
Net Income	$235,880	$464,130	-0.5%

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

$158,193

Total Directors

$158,193

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANEEN HOLMES	CEO	40.00	Officer Director	$153,375	$4,818	$158,193
RANDY STRONG	CHAIR	0.50	Officer Director	$0	$0	$0
TERESA MCKEE	TREASURER	6.00	Officer Director	$0	$0	$0
VERNE BRIZENDINE	DIRECTOR	0.25	Director	$0	$0	$0
BOB LENNON	DIRECTOR	0.25	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	$2,632,953	$2,397,073	$5,248,623	$235,880
2022	$2,843,046	$2,378,916	$4,445,820	$464,130
2021	$2,492,285	$2,281,479	$3,960,792	$210,806
2020	$2,413,573	$2,134,654	$3,779,966	$278,919
2019	$1,811,957	$1,904,366	$3,352,455	$-92,409
2018	$2,101,038	$1,954,174	$3,460,752	$146,864

MY STUFF BAGS FOUNDATION