BOON PHILANTHROPY 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

2016

Legal Domicile

Principal Officer

HENRY SINCLAIR SHERRILL

Phone

6178774992

Tax Period

2023-01-01 to 2023-12-31

BOON PHILANTHROPY INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $614K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $307K, a strong 50% operating margin.

Mission

THE NATION-WIDE MISSION OF BOON IS TO PROVIDE INNOVATIVE FUNDING AND STEWARDSHIP SOLUTIONS THAT ENABLE DEDICATED EDUCATORS TO HAVE KNOWLEDGE AND SKILLS THEY NEED TO HELP ALL LEARNERS BECOME STRONG READERS. TO RAISE FUNDS NATION-WIDE TO PROVIDE LOW INCOME AND MINORITY STUDENTS WITH FREE TUTORIAL INTERVENTION USING STRUCTURED LANGUAGE INSTRUCTION METHODS.

Program Service Accomplishments

Program 1

Expenses: $180,324

THE BOON DONOR-FUNDED SCHOLARSHIP PROGRAM PROVIDES FUNDING TO TRAIN TEACHERS IN STRUCTURED LANGUAGE INSTRUCTION METHODS BASED ON THE SCIENCE OF READING. BOON'S TRAINING PARTNERS (SCHOLARSHIP...

THE BOON DONOR-FUNDED SCHOLARSHIP PROGRAM PROVIDES FUNDING TO TRAIN TEACHERS IN STRUCTURED LANGUAGE INSTRUCTION METHODS BASED ON THE SCIENCE OF READING. BOON'S TRAINING PARTNERS (SCHOLARSHIP PROVIDERS) ARE OGA (ORTON GILLINGHAM ACADEMY); IMSLEC (INTERNATIONAL MULTISENSORY STRUCTURED LANGUAGE EDUCATION COUNCIL);WILSON LANGUAGE TRAINING NONPROFIT PARTNERS, DISTRIBUTED BY DREXEL UNIVERSITY SCHOOL OF EDUCATION; STERN CENTER FOR LANGUAGE AND LEARNING; THE SLINGERLAND INSTITUTE FOR LITERACY: TOP TEN TOOLS; THE READING LEAGUE; KEYS TO LITERACY; READING SIMPLIFIED ACADEMY; AND THE WRITING REVOLUTION. SINCE THIS PROGRAM'S INCEPTION, OVER 750 TEACHERS HAVE RECEIVED FREE OR REDUCED-PRICE TRAINING.

Program 2

Expenses: $126,162

PLEDGE LITERACY INTERVENTIONS EXCLUSIVELY EMPLOYS WILSON LEVEL I AND II CERTIFIED READING EXPERTS TO PROVIDE 40 HOURS OF FREE PERSONALIZED READING INTERVENTION SERVICES TO LOW-INCOME AND HISTORICALLY MARGINALIZED STUDENTS FAILING TO READ AT GREADE LEVEL. ALL 68 STUDENTS WHO HVE RECEIVED THIS SERVICE HAVE IMPROVED THEIR READING PERFORMANCE BY AT LEAST ONE GRADE LEVEL.

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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 $614,203

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $614,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $210

Program Expenses $306,486

Other Expenses $307,136

TOTAL EXPENSES $307,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$614,203	$566,946	+0.1%
Expenses	$307,136	$264,993	+0.2%
Net Income	$307,067	$301,953	+0.0%

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
SAM BEARD	DIRECTOR	N/A	Officer Director	$0	$0	$0
STEVE CARNEVALE	DIRECTOR	N/A	Officer Director	$0	$0	$0
JEFFREY WILDER EARLS	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
DAVID HURFORD	DIRECTOR	N/A	Officer Director	$0	$0	$0
CATHY SANFORD	DIRECTOR	N/A	Officer Director	$0	$0	$0
J SEBASTIAN SCRIPPS	DIRECTOR	N/A	Officer Director	$0	$0	$0
HENRY SINCLAIR SHERRILL	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARGARET STERN	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$614,203	$307,136	$988,051	$307,067
2022	$566,946	$264,993	$678,676	$301,953
2021	$369,507	$314,765	$376,723	$54,742
2020	$303,441	$245,938	$321,981	$57,503
2019	$374,206	$236,397	$264,478	$137,809