BOFFO INC (EIN 800596480) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

FARIS AL-SHATHIR

Phone

3476036956

Tax Period

2023-01-01 to 2023-12-31

BOFFO INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $651K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDES OPPORTUNITIES FOR THE PUBLIC TO VIEW WORKS OF ART CREATED BY EMERGING, INDEPENDENT AND DIVERSE ARTISTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $303,106

Program Service Revenue $127,500

Investment Income $159,845

Other Revenue $60,800

TOTAL REVENUE $651,251

Expense Breakdown

Grants Paid $33,510

Salaries & Benefits $208,171

Fundraising Expenses $8,312

Program Expenses $598,379

Other Expenses $444,598

TOTAL EXPENSES $686,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$651,251	$566,828	+0.1%
Expenses	$686,279	$570,793	+0.2%
Net Income	$-35,028	$-3,965	+7.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$99,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES RENFRO	CO-PRESIDENTS	1.00	Officer Director	$0	$0	$0
LYLE ASHTON HARRIS	CO-PRESIDENTS	1.00	Officer Director	$0	$0	$0
SOPHIE MORNER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM FRANK	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN BLAKE	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL VAN PARYS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH OWENS	DIRECTOR	1.00	Director	$0	$0	$0
HARRY HAYES	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA MITRANI	DIRECTOR	1.00	Director	$0	$0	$0
KENDALL WERTS	DIRECTOR	1.00	Director	$0	$0	$0
LIUTAS MATULIONIS VAN HOOK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GIORDANO	DIRECTOR	1.00	Director	$0	$0	$0
NOEL KIRNON	DIRECTOR	1.00	Director	$0	$0	$0
TERRENCE SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SCHAEFFER	DIRECTOR	1.00	Director	$0	$0	$0
ABDUALLAH DAHMAN	DIRECTOR	1.00	Director	$0	$0	$0
FARIS AL-SHATHIR	EXECUTIVE DIRECTOR	40.00	Officer	$87,506	$12,126	$99,632

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	$651,251	$686,279	$98,789	$-35,028
2022	$566,828	$570,793	$136,269	$-3,965
2021	$330,190	$409,276	$62,480	$-79,086
2020	$236,155	$219,246	$94,650	$16,909
2019	$222,311	$209,729	$129,967	$12,582
2018	$268,652	$201,723	$132,330	$66,929

BOFFO INC