BOOMERJACKS CHARITIES

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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

2015

Legal Domicile

Principal Officer

BRUCE HVIDSTEN

Phone

9723520666

Tax Period

2024-01-01 to 2024-12-31

BOOMERJACKS CHARITIES, founded in 2015, is a small nonprofit in the Diseases & Disorders sector that reported $399K in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $258K, a strong 65% operating margin.

Mission

WE EXTEND THE EXCEPTIONAL CARE WE PROVIDE FOR OUR GUESTS - PAST OUR WALLS AND DEEP INTO THE NEIGHBORHOODS THAT WE CALL HOME - TO HELP IN ANY ANY WAY WE CAN.

Program Service Accomplishments

Program 1

Expenses: $140,704

WE RAISE FUNDS TO SUPPORT AND STRENGTHEN OUR COMMUNITIES BY AWARDING GRANTS TO LOCAL CHARITABLE ORGANIZATIONS THAT ADDRESS CRITICAL NEEDS AND PROMOTE POSITIVE CHANGE.

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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 $236,362

Program Service Revenue $0

Investment Income $0

Other Revenue $162,455

TOTAL REVENUE $398,817

Expense Breakdown

Grants Paid $137,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,704

Other Expenses $3,204

TOTAL EXPENSES $140,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,817	$152,168	+1.6%
Expenses	$140,704	$17,747	+6.9%
Net Income	$258,113	$134,421	+0.9%

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

N/A

Employees

N/A

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
J BRENT TIPPS	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
BRUCE HVIDSTEN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL CURRIE	DIRECTOR	1.00	Officer Director	$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	$398,817	$140,704	$304,362	$258,113
2023	$152,168	$17,747	$57,167	$134,421
2022	$56,487	$164,411	$23,910	$-107,924
2021	$152,292	$134,788	$90,164	$17,504