BLOOM ACADEMY INC (EIN 823153661) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

COURTNEY SALES

Phone

3463331320

Tax Period

2022-07-01 to 2023-06-30

BLOOM ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2022. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $4.9M left a modest 4% surplus.

Mission

PUBLIC SCHOOL EDUCATION, KINDERGARTEN THROUGH FOURTH GRADE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,031,142

Investment Income $0

Other Revenue $20,123

TOTAL REVENUE $5,051,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,673,867

Fundraising Expenses $0

Program Expenses $4,557,972

Other Expenses $2,190,332

TOTAL EXPENSES $4,864,199

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,051,265	$3,511,351	+0.4%
Expenses	$4,864,199	$3,456,515	+0.4%
Net Income	$187,066	$54,836	+2.4%

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

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
ALISON HAROLD	BOARD CHAIR	2.00	Officer	$0	$0	$0
CHRISTOPHER DOUGLAS	BOARD VICE C	2.00	Officer	$0	$0	$0
CHERECE MILTON	BOARD MEMBER	2.00	Officer	$0	$0	$0
JOANA NUNOO	BOARD SECRET	2.00	Officer	$0	$0	$0
ERIC RHODES	BOARD MEMBER	2.00	Officer	$0	$0	$0
COURTNEY SALES	HEAD OF SCHO	40.00	Highest	$109,653	$0	$109,653

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$5,051,265	$4,864,199	$9,388,165	$187,066
2022	$3,511,351	$3,456,515	$1,007,625	$54,836
2021	$1,794,725	$1,427,120	$730,623	$367,605
2020	$910,963	$918,206	$346,557	$-7,243

BLOOM ACADEMY INC