BOOMS BEANS LLC

EIN: 863814222 501(c)(3) Employment

LEXINGTON, KY

Total Revenue
$457,707
Total Expenses
$281,151
Total Assets
$231,567
Net Assets
$231,567
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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
2021
Legal Domicile
KY
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

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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 (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
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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

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Governance

Voting Members
1
Independent Members
N/A
Employees
4
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
0
$0
Total Directors
1
$105,293
Key Employees
0
$0
Highest Compensated
3
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
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