BOULE FOUNDATION (EIN 341304336) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

DONALD GOENS

Phone

4045299919

Tax Period

2024-01-01 to 2024-12-31

BOULE FOUNDATION, founded in 1980, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 39% operating margin.

Mission

THE FOUNDATION PROVIDES SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS AND GRANTS, DONATIONS AND LEADERSHIP SUPPORT TO COMMUNITIES ACROSS THE COUNTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,841,945

Program Service Revenue $0

Investment Income $861,601

Other Revenue $1,355,388

TOTAL REVENUE $5,058,934

Expense Breakdown

Grants Paid $1,811,700

Salaries & Benefits $239,522

Fundraising Expenses $423,384

Program Expenses $1,878,806

Other Expenses $1,015,008

TOTAL EXPENSES $3,066,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,058,934	$3,335,145	+0.5%
Expenses	$3,066,230	$2,272,897	+0.3%
Net Income	$1,992,704	$1,062,248	+0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KIM LUMHOO ALLEN	TRUSTEE	1.00	Director	$0	$0	$0
HENRY BROWN	TRUSTEE	1.00	Director	$0	$0	$0
WESLEY COLEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MITCHELL CRUSTO	TRUSTEE	1.00	Director	$0	$0	$0
LOREN DOUGLASS	TRUSTEE	1.00	Director	$0	$0	$0
ANTOINE GARIBALDI	TRUSTEE	1.00	Director	$0	$0	$0
DONALD GOENS	TREASURER	1.00	Officer Director	$0	$0	$0
ANTHONY HALL JR ESQ	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH C HIGH	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HOLMES JR	TRUSTEE	1.00	Director	$0	$0	$0
JERLANDO JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM E LIGHTEN	TRUSTEE	1.00	Director	$0	$0	$0
FREDERICK LOWERY	TRUSTEE	1.00	Director	$0	$0	$0
IRVING MATTHEWS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES PAYNE ESQ	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR ENRIQUE RIGGS	TRUSTEE	1.00	Director	$0	$0	$0
ROY ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
DERRICK ROMAN	TRUSTEE	1.00	Director	$0	$0	$0
DARRELL SEARCY	TRUSTEE	1.00	Director	$0	$0	$0
DR CHARLES TEAMER SR	TRUSTEE	1.00	Director	$0	$0	$0
CALVIN TYLER JR	TRUSTEE	1.00	Director	$0	$0	$0
JESSE TYSON	TRUSTEE	1.00	Director	$0	$0	$0
NOLA WHITEMAN	TRUSTEE	1.00	Director	$0	$0	$0
WHITNEY JACKSON	DIRECTOR OF OPERATIONS	40.00	Officer	$120,000	$0	$120,000

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	$5,058,934	$3,066,230	$38,237,800	$1,992,704
2023	$3,335,145	$2,272,897	$33,351,605	$1,062,248
2022	$5,026,585	$3,893,511	$28,879,034	$1,133,074
2021	$3,231,243	$2,328,840	$33,073,263	$902,403
2020	$2,215,680	$2,146,599	$28,801,961	$69,081
2019	$2,554,293	$1,397,836	$25,584,084	$1,156,457
2018	$2,846,494	$1,616,597	$20,818,825	$1,229,897

BOULE FOUNDATION