BGM INC (EIN 030493543) - 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

2006

Legal Domicile

Principal Officer

FRANK RICHARDSON

Phone

8649842698

Tax Period

2024-01-01 to 2024-12-31

BGM INC, founded in 2006, is a small nonprofit in the Mental Health sector that reported $255K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $218K left a modest 15% surplus.

Mission

EDUCATIONAL AND COMMUNITY BUILDING, LOW INCOME HOUSING DEVELOPMENT

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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 $17,031

Program Service Revenue $237,985

Investment Income $0

Other Revenue $0

TOTAL REVENUE $255,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $161,877

Other Expenses $217,999

TOTAL EXPENSES $217,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,016	$225,787	+0.1%
Expenses	$217,999	$259,077	-0.2%
Net Income	$37,017	$-33,290	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY BALLENGER	SECRETARY	N/A	Officer Director	$0	$0	$0
LAURA BUTLER	BOARD MEMBER	N/A	Director	$0	$0	$0
MARVIN NEELY	BOARD MEMBER	N/A	Director	$0	$0	$0
GREGORY SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
SAMUEL STODDARD	PRESIDENT	N/A	Officer Director	$0	$0	$0
LEONARD WOOD	TREASURER	N/A	Officer Director	$0	$0	$0
FRANK RICHARDSON	CFO	N/A	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	$255,016	$217,999	$1,093,322	$37,017
2023	$225,787	$259,077	$1,048,511	$-33,290
2022	$215,771	$248,008	$1,128,939	$-32,237
2021	$191,543	$229,650	$1,269,650	$-38,107
2020	$177,783	$230,585	$1,346,827	$-52,802
2019	$197,496	$198,002	$1,430,129	$-506

BGM INC