B O O M INC

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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

1958

Legal Domicile

Principal Officer

CHRISTOPHER JONES

Phone

5706623107

Tax Period

2023-01-01 to 2023-12-31

B O O M INC, founded in 1958, is a micro nonprofit in the Community Improvement sector that reported $105K in total revenue in fiscal year 2023. Revenue fell 811% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE THE ECONOMIC ADVANTAGE OF MANSFIELD, PA AND VICINITY BY THE ENCOURAGEMENT OF INDUSTRY, PUBLICITY, GRANTS IN AID OF INDUSTRY AND SUCH OTHER MEANS AS SHALL BE LAWFUL AND CONVENIENT.

Program Service Accomplishments

Program 1

THE MISSION AND PURPOSE OF BOOM IS PROMOTE THE ECONOMIC ADVANTAGE OF MANSFIELD, PA AND SURROUNDING VICINITY BY THE ENCOURAGEMENT OF INDUSTRY, PUBLICITY, GRANTS IN AID OF INDUSTRY AND OTHER MEANS AS SHALL BE LAWFUL AND CONVENIENT. IN ORDER TO FULFILL ITS MISSION AND PURPOSE, BOOM IMPROVES CONDITIONS IN MANSFIELD, PA AND THE SURROUNDING VICINITY BY (1) IMPROVING INDUSTRIAL DEVELOPMENT BY ASSISTING IN ATTRACTING NEW INDUSTRIES TO THE AREA AND RETAINING CURRENT INDUSTRIES IN THE AREA; (2) PROVIDING GRANTS TO LOCAL ORGANIZATIONS; (3) PROVIDING LOANS TO LOCAL BUSINESSES AND ORGANIZATIONS; AND (4) DEVELOPMENT OF LAND TO SELL TO PROMOTE CONTINUING DEVELOPMENT IN THE SURROUNDING VICINITY INTO THE FUTURE.

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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 $0

Program Service Revenue $0

Investment Income $-118,174

Other Revenue $12,692

TOTAL REVENUE $-105,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $28,258

TOTAL EXPENSES $28,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-105,482	$14,828	-8.1%
Expenses	$28,258	$82,129	-0.7%
Net Income	$-133,740	$-67,301	+1.0%

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

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
CHRIS JONES	PRESIDENT	3.00	Officer Director	$0	$0	$0
KEVIN GREEN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DAWN HULL	SECRETARY	3.00	Officer Director	$0	$0	$0
SCOTT BASTIAN	TREASURER	3.00	Officer Director	$0	$0	$0
KATHY TELEP	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CHAPELL	DIRECTOR	1.00	Director	$0	$0	$0
DEB BASTIAN	DIRECTOR	1.00	Director	$0	$0	$0
RANDY BLACK	DIRECTOR	1.00	Director	$0	$0	$0
JASSEN SHAW	DIRECTOR	1.00	Director	$0	$0	$0
IRENE MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
SAM ROTELLA	DIRECTOR	1.00	Director	$0	$0	$0
ATIKA BENADDI	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MCGANN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ULRICH	DIRECTOR	1.00	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	$-105,482	$28,258	$334,441	$-133,740
2022	$14,828	$82,129	$1,705,727	$-67,301
2021	$6,068	$87,113	$1,671,526	$-81,045
2020	$29,188	$91,802	$1,754,971	$-62,614
2019	$10,345	$90,112	$1,873,810	$-79,767
2018	$16,642	$95,365	$1,953,577	$-78,723