BOOM ARTS 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

2014

Legal Domicile

Principal Officer

TRACY FRANCIS

Phone

9713038977

Tax Period

2024-07-01 to 2025-06-30

BOOM ARTS INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $219K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

BOOM ARTS IMAGINES NEW SOCIAL AND POLITICAL POSSIBILITIES THROUGH LIVE PERFORMANCE.

Program Service Accomplishments

Program 1

Expenses: $136,648 Revenue: $46,795

IN THE FISCAL YEAR 2025, BOOM ARTS PRESENTED FIVE PUBLIC PERFORMANCES:*TE MOANA MERIDIAN - A WORLD PREMIERE OPERA*THINGS HIDDEN - A TOURING THEATER WORK FROM THE UK*BECAUSE I LOVE - A DANCE THEATER WORK FROM BELGIUM*COSMOS - A SOLO CIRCUS PERFORMANCE*CHRIS GRACE AS SCARLETT JOHANSSON - A COMEDIC SOLO PERFORMANCE

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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 (2024)

Revenue Breakdown

Contributions & Grants $172,391

Program Service Revenue $46,795

Investment Income $156

Other Revenue $0

TOTAL REVENUE $219,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,245

Fundraising Expenses $49,791

Program Expenses $136,648

Other Expenses $125,168

TOTAL EXPENSES $214,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,342	$238,508	-0.1%
Expenses	$214,413	$256,556	-0.2%
Net Income	$4,929	$-18,048	-1.3%

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

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

$66,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PANCHO SAVERY PHD	CHAIR	1.00	Officer Director	$0	$0	$0
RENE DERAS	TREASURER	3.00	Officer Director	$0	$0	$0
SUHAILA MEERA	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATE MERRILL	DIRECTOR	1.00	Director	$0	$0	$0
RAFAEL MORATAYA	DIRECTOR	1.00	Director	$0	$0	$0
LAURA ROCHELOIS	DIRECTOR	1.00	Director	$0	$0	$0
SHALAYA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RUTH JULIET WIKLER	DIRECTOR	2.00	Director	$0	$0	$0
TRACY FRANCIS	ARTISTIC DIRECTOR	40.00	Officer	$66,350	$0	$66,350

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	$219,342	$214,413	$168,138	$4,929
2024	$238,508	$256,556	$160,462	$-18,048
2023	$254,997	$250,784	$185,009	$4,213