BOONE CENTER INC (EIN 430764144) - 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

1959

Legal Domicile

Principal Officer

TIM WELLS

Phone

6368755220

Tax Period

2023-07-01 to 2024-06-30

BOONE CENTER INC, founded in 1959, is a mid-sized nonprofit that reported $20.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $19.2M left a modest 4% surplus.

Mission

TO INSPIRE, DEVELOP, AND SUPPORT PEOPLE WITH DISABILITIES THROUGH A CONTINUUM OF INNOVATIVE EMPLOYMENT OPPORTUNITIES.

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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 $5,374,716

Program Service Revenue $13,930,273

Investment Income $371,784

Other Revenue $388,215

TOTAL REVENUE $20,064,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,517,304

Fundraising Expenses $265,632

Program Expenses $18,034,241

Other Expenses $9,651,908

TOTAL EXPENSES $19,169,212

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,064,988	$18,252,770	+0.1%
Expenses	$19,169,212	$18,480,848	+0.0%
Net Income	$895,776	$-228,078	-4.9%

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

431

Volunteers

134

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

$508,779

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON KLOPPENBURG	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM WELLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
HOWARD H KAPLAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
CAROLYN C BALFANY	DIRECTOR	0.50	Director	$0	$0	$0
RICH A HOLLANDER	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE SCHOEDINGER	DIRECTOR	0.50	Director	$0	$0	$0
DENISE CHILDRESS	DIRECTOR	0.50	Director	$0	$0	$0
DOUG TRACY	DIRECTOR	0.50	Director	$0	$0	$0
JULIE ANN RODGERS	DIRECTOR	0.50	Director	$0	$0	$0
CINDY MEBRUER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAYUNI BUESCHER	DIRECTOR	0.50	Director	$0	$0	$0
KELLY COPE	DIRECTOR	0.50	Director	$0	$0	$0
RICK GOE	DIRECTOR	0.50	Director	$0	$0	$0
CESAR PAREDES	DIRECTOR	0.50	Director	$0	$0	$0
GHANSHYAM MEHTA	DIRECTOR	0.50	Director	$0	$0	$0
KATRINA FULLER	DIRECTOR	0.50	Director	$0	$0	$0
TOM MUZZEY	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL AHLHEIM	DIRECTOR	0.50	Director	$0	$0	$0
CINDY BERNSEN	CFO	40.00	Officer	$133,834	$3,421	$137,255
MICHAEL TROY COMPARDO	CEO	40.00	Officer	$198,556	$29,385	$227,941
TIMOTHY ESPOSITO	COO	40.00	Officer	$124,219	$19,364	$143,583

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	$20,064,988	$19,169,212	$18,658,885	$895,776
2023	$18,252,770	$18,480,848	$14,877,361	$-228,078
2022	$18,998,876	$18,933,442	$14,889,109	$65,434
2021	$22,072,881	$19,561,004	$15,400,023	$2,511,877
2020	$19,233,639	$20,001,884	$13,375,696	$-768,245
2019	$18,016,961	$18,234,835	$11,946,704	$-217,874

BOONE CENTER INC