P MICHAEL BOONE FOUNDATION 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

Phone

2156883711

Tax Period

2025-01-01 to 2025-12-31

P MICHAEL BOONE FOUNDATION INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $263K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Expenses of $229K left a modest 13% surplus.

Mission

MENTORING AND TRAINING COMMUNITY YOUTH FOR POTENTIAL CAREERS AS BARBERS TO PROVIDE FOR ECONOMIC STABILITY IN THEIR LIVES AND NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $228,988 Revenue: $258,522

MENTORING AND TRAINING COMMUNITY YOUTH FOR POTENTIAL CAREERS AS BARBERS TO PROVIDE FOR ECONOMIC STABILITY IN THEIR LIVES AND NEIGHBORHOODS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $103,522

Program Service Revenue $155,000

Investment Income $0

Other Revenue $4,000

TOTAL REVENUE $262,522

Expense Breakdown

Grants Paid $747

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $228,988

Other Expenses $228,241

TOTAL EXPENSES $228,988

Year-over-Year Comparison

	2025	2024	Change
Revenue	$262,522	$313,011	-0.2%
Expenses	$228,988	$137,101	+0.7%
Net Income	$33,534	$175,910	-0.8%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRENTICE BOONE	PRESIDENT	30.00	Officer	$0	$0	$0
LANEZ PERRY-BOONE	VICE PRESIDENT	10.00	Officer	$0	$0	$0
LEONARD NESMITH	SECRETARY	10.00	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
2025	$262,522	$228,988	$237,236	$33,534
2024	$313,011	$137,101	$200,464	$175,910