BOOMIN UNIVERSITY (EIN 883628370) - 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

2022

Legal Domicile

Principal Officer

Danielle McGee

Phone

6153077474

Tax Period

2024-07-01 to 2025-06-30

BOOMIN UNIVERSITY, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $456K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $705K exceeded revenue, resulting in a 55% operating deficit.

Mission

Boomin University empowers underserved entrepreneurs in the United States with free educational programs and mentorship, providing the skills, resources, and support needed to build sustainable businesses and drive economic growth.

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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 $446,250

Program Service Revenue $0

Investment Income $9,414

Other Revenue $0

TOTAL REVENUE $455,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,765

Fundraising Expenses $0

Program Expenses $608,018

Other Expenses $650,104

TOTAL EXPENSES $704,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,664	$741,438	-0.4%
Expenses	$704,869	$182,077	+2.9%
Net Income	$-249,205	$559,361	-1.4%

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

$36,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danielle Gibson	Board Member	40	Director	$36,538	$0	$36,538
Tanisha Wilson	Vice Chair	1	Officer	$0	$0	$0
Emmanuel Gibson	Board Member	1	Officer	$0	$0	$0
Diane Glenn	Treasurer	1	Officer	$0	$0	$0
Melissa Jones	Secretary	1	Officer	$0	$0	$0
Remington Holt	Board Member	1	Officer	$0	$0	$0
Mikeshia Manning	Chair	1	Officer	$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	$455,664	$704,869	$311,311	$-249,205
2024	$741,438	$182,077	$560,516	$559,361

BOOMIN UNIVERSITY