THE BOOST PAD (EIN 843158649) - 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

2019

Legal Domicile

Principal Officer

STEVEN LEWIS

Tax Period

2024-01-01 to 2024-12-31

THE BOOST PAD, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $172K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $196K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE BOOST PAD EQUIPS EMERGING AND UNDER-RESOURCED ENTREPRENEURS WITH THE STRATEGIC GUIDANCE AND SUPPORT NEEDED TO DEVELOP INNOVATIVE SOLUTIONS, BUILD SUSTAINABLE ENTERPRISES, AND ADVANCE ECONOMIC MOBILITY THROUGHOUT CHARLOTTE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $180,437

Program Service Revenue $3,600

Investment Income $-12,479

Other Revenue $0

TOTAL REVENUE $171,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,814

Fundraising Expenses $1,755

Program Expenses $173,742

Other Expenses $101,621

TOTAL EXPENSES $196,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,558	$230,222	-0.3%
Expenses	$196,190	$212,724	-0.1%
Net Income	$-24,632	$17,498	-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

$80,075

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN LEWIS	CO-EXEC. DIR	40.00	Officer	$49,225	$0	$49,225
JOAN RANDALL	CO-EXEC. DIR	25.00	Officer	$30,850	$0	$30,850
DJ BAUDHUIN	BOARD MEMBER	N/A	Director	$0	$0	$0
JEREL HARVEY	BOARD MEMBER	N/A	Director	$0	$0	$0
ALBERT LINDEMANN III	BOARD MEMBER	N/A	Director	$0	$0	$0
KEITH LUEDEMANN	BOARD MEMBER	N/A	Director	$0	$0	$0
DOUG NEAL	BOARD CHAIRM	N/A	Officer Director	$0	$0	$0
GARY PALMER	BOARD MEMBER	N/A	Director	$0	$0	$0
AIMY STEELE	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$171,558	$196,190	$93,501	$-24,632
2023	$230,222	$212,724	$122,837	$17,498
2021	$206,764	$102,862	$117,946	$103,902

THE BOOST PAD