BLOOM HERE INC

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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

2022

Legal Domicile

Principal Officer

Carlee Chiate

Phone

2134441501

Tax Period

2024-01-01 to 2024-12-31

BLOOM HERE INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $253K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $293K exceeded revenue, resulting in a 16% operating deficit.

Mission

BLOOM cultivates equitable opportunities for upward mobility through educational advancement, financial empowerment and community engagement.

Program Service Accomplishments

Program 1

Expenses: $140,312 Revenue: $0

Financial Empowerment Program: Bloom's financial well-being coach provided one on one financial support services to 23 clients and served over 62 residents via workshops

Program 2

Expenses: $76,074 Revenue: $0

Scholarship Program To help qualified individuals continue on their path to higher education.

Program 3

Expenses: $35,071 Revenue: $0

Community Events

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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 $252,741

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $252,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,088

Fundraising Expenses $0

Program Expenses $251,457

Other Expenses $211,406

TOTAL EXPENSES $293,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,741	$167,705	+0.5%
Expenses	$293,494	$153,957	+0.9%
Net Income	$-40,753	$13,748	-4.0%

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

$82,088

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLEE CHIATE	Officer, CEO	40	Key Emp Highest	$75,000	$7,088	$82,088
MARC RUSSELL	DIRECTOR	1	Director	$0	$0	$0
SYDNE GARCHIK	DIRECTOR	1	Director	$0	$0	$0
DWAYNE GEORGE	DIRECTOR	1	Director	$0	$0	$0
KATRINA MATTHEWS	DIRECTOR	1	Director	$0	$0	$0
DESMOND TIGHE	DIRECTOR	1	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	$252,741	$293,494	$32,497	$-40,753