BLOOM COMMUNITY SCHOOL INC

EIN: 820738895 501(c)(3) Education

NORMAL, IL

Total Revenue
$280,544
Total Expenses
$324,469
Total Assets
$36,779
Net Assets
$35,018
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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
2017
Legal Domicile
IL
Principal Officer
GARY WEILBACHER
Phone
3098081192
Tax Period
2023-07-01 to 2024-06-30

BLOOM COMMUNITY SCHOOL INC, founded in 2017, is a small nonprofit in the Education sector that reported $281K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $324K exceeded revenue, resulting in a 16% operating deficit.

Mission

OUR MISSION IS TO CULTIVATE JOYFUL, INDEPENDENT LEARNERS IN AN EDUCATIONAL ENVIRONMENT THAT NURTURES INDIVIDUAL DEVELOPMENT BY INTEGRATING HIGH ACADEMIC STANDARDS AND COMMUNITY ENGAGEMENT. THROUGH INNOVATIVE, PROGRESSIVE EDUCATIONAL PRACTICES WE ENCOURAGE OUR STUDENTS TOWARD A GREATER UNDERSTANDING OF THEMSELVES AND OTHERS AND CREATE OPPORTUNITIES FOR COLLABORATIVE PROBLEM SOLVING TO POSITIVELY IMPACT OUR COMMUNITY AND WORLD.

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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 $10,445
Program Service Revenue $269,869
Investment Income $230
Other Revenue $0
TOTAL REVENUE $280,544

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,491
Fundraising Expenses $0
Program Expenses $306,502
Other Expenses $88,978
TOTAL EXPENSES $324,469

Year-over-Year Comparison

2023 2022 Change
Revenue $280,544 $332,244 -0.2%
Expenses $324,469 $322,794 +0.0%
Net Income $-43,925 $9,450 -5.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
5
Employees
7
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
4
$0
Total Directors
7
$111,650
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA SCHIEK BOARD MEMBER 40.00
$62,738 $0 $62,738
GRACE SHEESE BOARD MEMBER 40.00
Director
$55,825 $0 $55,825
LEAH SOUDER BOARD MEMBER 40.00
Director
$55,825 $0 $55,825
JULIE FRASER-LINDSEY SECRETARY N/A
Officer Director
$0 $0 $0
JAIMIE KLAWITTER TREASURER N/A
Officer Director
$0 $0 $0
BRAD SHEESE BOARD MEMBER N/A
Director
$0 $0 $0
GARY WEILBACHER PRESIDENT N/A
Officer Director
$0 $0 $0
RACHEL LAPP WHITT VICE PRESIDE 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 $280,544 $324,469 $36,779 $-43,925
2023 $332,244 $322,794 $84,083 $9,450
2022 $267,161 $251,137 $71,852 $16,024
2021 $278,683 $267,539 $55,853 $11,144
2020 $228,487 $191,631 $72,334 $36,856
2019 $174,808 $172,429 $5,469 $2,379
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