BOOMHEALTH (EIN 133599121) - 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

1990

Legal Domicile

Principal Officer

MATTHEW ARMANDI

Phone

7184015700

Tax Period

2022-07-01 to 2023-06-30

BOOMHEALTH, founded in 1990, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $8.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

BOOM!HEALTH IS A HARM REDUCTION ORGANIZATION DEDICATED TO EMPOWERING NEW YORKERS LIVING WITH AND AT HIGHEST RISK FOR ILLNESS, SUBSTANCE ABUSE, HOMELESSNESS, AND POVERTY TO REALIZE THEIR FULL POTENTIAL BY INTEGRATING HEALTH, LEGAL AND SOCIAL SERVICES TO CREATE A SEAMLESS CONTINUUM OF PREVENTION AND CARE. IT IS OUR MISSION TO TRANSFORM LIVES THROUGH HEALTH AND WELLNESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,144,658

Program Service Revenue $1,265,138

Investment Income $50

Other Revenue $42,599

TOTAL REVENUE $7,452,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,068,138

Fundraising Expenses $0

Program Expenses $7,435,117

Other Expenses $3,629,480

TOTAL EXPENSES $8,697,618

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,452,445	$8,495,955	-0.1%
Expenses	$8,697,618	$8,137,508	+0.1%
Net Income	$-1,245,173	$358,447	-4.5%

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

139

Volunteers

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

$1,131,328

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM FRIEDMAN	CHAIR	1.00	Officer Director	$0	$0	$0
MARION KATZIVE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LESLIE ROSS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DIANE POLLARD	DIRECTOR	1.00	Director	$0	$0	$0
PETER SAMUELS	DIRECTOR	1.00	Director	$0	$0	$0
AYANNA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
FRED HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
REV LAWRENCE FORD	DIRECTOR	1.00	Director	$0	$0	$0
ERIC CHARLSON MD	DIRECTOR	1.00	Director	$0	$0	$0
TOM JAVITS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WEISS	PRESIDENT & CEO	1.00	Officer	$0	$56,792	$508,160
CYNTHIA DELAROSA	COO	1.00	Officer	$0	$39,165	$308,131
MATTHEW ARMANDI	CFO	1.00	Officer	$0	$30,547	$315,037
FAIRY MARTIN	SVP	35.00	Highest	$115,297	$9,196	$124,493
DAVID LOPEZ	VP	35.00	Highest	$106,608	$8,487	$115,095

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	No data	No data	No data	No data
2023	$7,452,445	$8,697,618	$10,850,976	$-1,245,173
2022	$8,495,955	$8,137,508	$11,488,774	$358,447
2021	$6,627,643	$8,043,277	$11,328,147	$-1,415,634
2020	$8,167,065	$9,488,814	$12,599,636	$-1,321,749
2019	$8,780,691	$11,163,705	$12,221,750	$-2,383,014
2018	$13,457,413	$13,522,930	$14,166,358	$-65,517

BOOMHEALTH