BOOMS BEANS LLC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

KYLE WILSON

Phone

8595593386

Tax Period

2024-01-01 to 2024-12-31

BOOMS BEANS LLC, founded in 2021, is a small nonprofit in the Employment sector that reported $458K in total revenue in fiscal year 2024. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $177K, a strong 39% operating margin.

Mission

IN APPALACHIA, TEACHING YOUNG ADULTS ENTREPRENEURIAL SKILL TO LAUNCH THIER OWN BUSINESS

Program Service Accomplishments

Program 1

Expenses: $281,151 Revenue: $457,707

PARTNERS WITH HIGH SCHOOL STUDENT IN APPALACHIA, TEACHING YOUNG ADULTS ENTREPRENEURAL SILLS TO LAUNCH THEIR OWN BUSINESS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $54

Other Revenue $457,653

TOTAL REVENUE $457,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,085

Fundraising Expenses $0

Program Expenses $281,151

Other Expenses $129,066

TOTAL EXPENSES $281,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,707	$203,710	+1.2%
Expenses	$281,151	$210,284	+0.3%
Net Income	$176,556	$-6,574	-27.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

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

$105,293

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE WILSON	PRESIDENT	50.00	Director	$105,293	$0	$105,293
PAUL EVANS	EMPLOYEE	25.00	Highest	$35,666	$0	$35,666
JENNIFER KLINGLESMITH	EMPLOYEE	25.00	Highest	$3,000	$0	$3,000
MADISON WHITE	EMPLOYEE	25.00	Highest	$650	$0	$650

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	$457,707	$281,151	$231,567	$176,556
2024	No data	No data	No data	No data
2023	$203,710	$210,284	$55,011	$-6,574