BOOM ARTS INC

EIN: 472199079 501(c)(3) Arts, Culture & Humanities

PORTLAND, OR

Total Revenue
$219,342
Total Expenses
$214,413
Total Assets
$168,138
Net Assets
$164,679
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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
OR
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.BOOM ARTS IS A BOUTIQUE PRESENTER AND PRODUCER OF CONTEMPORARY THEATRE AND PERFORMANCE FROM AROUND THE WORLD. FOUNDED IN 2012, BOOM ARTS HAS REACHED NEARLY 10,000 PORTLANDERS WITH INNOVATIVE PRESENTATIONS OF VITAL AND TIMELY PLAYS AND MULTIDISCIPLINARY PERFORMANCES. WE'VE PRODUCED PERFORMANCES IN THEATRES, GALLERIES, PUBLIC PARKS, LIVING ROOMS, AND OTHER SITES AROUND THE CITY. THROUGH PERFORMANCES AND ACCOMPANYING WORKSHOPS, LECTURES, POST-SHOW DISCUSSIONS, COMMUNITY GATHERINGS, AND OTHER EVENTS, BOOM ARTS IS BUILDING CROSS-CULTURAL BRIDGES, SPARKING COMMUNITY CONVERSATIONS ABOUT IMPORTANT ISSUES, CONNECTING PORTLAND PERFORMING ARTISTS WITH THEIR NATIONAL AND INTERNATIONAL COUNTERPARTS, AND CONTRIBUTING TO OUR CITY'S CULTURE OF COMPASSION, CURIOSITY, AND CREATIVITY.

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
20

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
4
$66,350
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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