Bloom Workforce Development Inc

EIN: 812326976 501(c)(3) Human Services

Concord, CA

Total Revenue
$192,840
Total Expenses
$359,192
Total Assets
$1,566,246
Net Assets
$960,549
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
Michelle Darne
Phone
9176275877
Tax Period
2023-01-01 to 2023-12-31

Bloom Workforce Development Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $193K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $359K exceeded revenue, resulting in a 86% operating deficit.

Mission

Workforce development for the Bay Area's most disenfranchised communities: addicts in recovery, youth timing out of foster care, veterans, seniors, and LGBTQI+.

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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 (2023)

Revenue Breakdown

Contributions & Grants $192,840
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $192,840

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $276,141
Other Expenses $359,192
TOTAL EXPENSES $359,192

Year-over-Year Comparison

2023 2022 Change
Revenue $192,840 $1,189,847 -0.8%
Expenses $359,192 $241,678 +0.5%
Net Income $-166,352 $948,169 -1.2%
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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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
33

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elena Bondareva Director 6.00
Director
$0 $0 $0
Michelle Darne President & CEO 60.00
Officer
$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
2023 $192,840 $359,192 $1,566,246 $-166,352
2022 $1,189,847 $241,678 $1,587,220 $948,169
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