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The phrase "financial backbone for" is correct and usable in written English.
It can be used to describe something that provides essential financial support or stability to a person, organization, or system. Example: "The donations from the community served as the financial backbone for the local charity, allowing it to continue its important work."
Exact(4)
Serica — Financial backbone for the cannabis industry.
Still, such support can provide the financial backbone for a company at an early stage.
Shellfish are the financial backbone for many coastal communities, adding to the tax base and providing family-wage jobs.
He said the NFL and the Rams must provide the financial backbone for the stadium so it doesn't become a burden for taxpayers.
Similar(54)
The payments for these documents should constitute a financial backbone of the committee's budget.
The financial backbone of the Postal Service had always been the first-class letter.
Lower-division courses are the financial backbone of many part-time faculty and departments (especially the humanities).
This financial backbone of Reagan's rise to the presidency became the new face of the GOP.
For the Shinnecock Nation on eastern Long Island, for example, cigarette sales are its financial backbone, and the smoke shops are the largest employers of its 1,200 members.
Database and applications software remains Oracle's financial backbone.
We're going for world-class products and a creative organization that is backed up by a strong financial backbone.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com