The Bloom Project Inc (EIN 462796032) - 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

Phone

3177588531

Tax Period

2023-01-01 to 2023-12-31

The Bloom Project Inc is a small nonprofit in the Youth Development sector that reported $269K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $394K exceeded revenue, resulting in a 46% operating deficit.

Mission

To build youth into the next generation of future leaders in their communities.

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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 $229,162

Program Service Revenue $40,269

Investment Income $0

Other Revenue $0

TOTAL REVENUE $269,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,809

Fundraising Expenses $0

Program Expenses $343,422

Other Expenses $332,565

TOTAL EXPENSES $394,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,431	$365,982	-0.3%
Expenses	$394,374	$162,167	+1.4%
Net Income	$-124,943	$203,815	-1.6%

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

N/A

Employees

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
Arnetta Scruggs	Executive Director	40.00		$60,000	$0	$60,000
Bryan Meriwether	Director	0.00	Director	$0	$0	$0
Davyd Hall	President	10.00	Officer	$0	$0	$0
Morgan Decker	Chairman	10.00	Officer	$0	$0	$0
Javaris Carrion	Vice President	0.00	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	No data	No data	No data	No data
2023	$269,431	$394,374	$418,192	$-124,943
2022	$365,982	$162,167	$543,135	$203,815
2021	$213,352	$92,794	$339,320	$120,558
2020	$286,707	$79,346	$218,355	$207,361

The Bloom Project Inc