BLOOM MARIN

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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

1999

Legal Domicile

Principal Officer

SHERENE CHEN

Phone

4154725855

Tax Period

2022-01-01 to 2022-11-15

BLOOM MARIN, founded in 1999, is a micro nonprofit that reported $99K in total revenue in fiscal year 2022. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $150K exceeded revenue, resulting in a 51% operating deficit.

Mission

BLOOM MARIN PROVIDES CLOTHING TO WOMEN AND MEN COMING OFF OF GOVERNMENT ASSISTANCE AND RE-ENTERING THE WORKPLACE.

Program Service Accomplishments

Program 1

Expenses: $91,957 Revenue: $6,961

BLOOM PROVIDES COMPLIMENTARY WARDROBES TO CHILDREN, WOMEN, AND MEN WHO ARE TRANSITIONING TO A LIFE OF SELF-RELIANCE.OUR CLIENTS ARE AMONG THE LOW INCOME OR WORKING POOR POPULATIONS WHO ARE REFERRED BY SUPPORTING SOCIAL SERVICES AGENCIES. THE POPULATION SERVED INCLUDES PARTICIPANTS IN SUBSTANCE ABUSE RECOVERY PROGRAMS, VICTIMS OF SPOUSAL ABUSE, AS WELL AS OTHERS WHO ARE HOMELESS, JOBLESS, OR SUFFERING FROM ECONOMIC HARDSHIP. BLOOM NOT ONLY PROVIDES CLOTHES TO SATISFY THE REQUIREMENTS OF THE WORKPLACE, BUT ALSO TO ENHANCE THE SOCIAL AND RECREATIONAL NEEDS OF OUR CLIENTS WHO ARE WORKING TO TRANSITION TO A LIFE OF SELF-SUFFICIENCY.EFFECTIVE NOVEMBER 15, 2022, BLOOM CEASED OPERATIONS AND COMPLETED ITS DISSOLUTION WITH ALL REMAINING NET ASSETS BEING TRANSFERRED TO YWCA GOLDEN GATE SILICON VALLEY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $26,072

Program Service Revenue $6,961

Investment Income $1

Other Revenue $66,177

TOTAL REVENUE $99,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,777

Fundraising Expenses $18

Program Expenses $91,957

Other Expenses $73,821

TOTAL EXPENSES $149,598

Year-over-Year Comparison

	2022	2021	Change
Revenue	$99,211	$772,604	-0.9%
Expenses	$149,598	$558,330	-0.7%
Net Income	$-50,387	$214,274	-1.2%

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

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

$28,936

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD GALLAGHER	DIRECTOR	5.00	Director	$0	$0	$0
WINDI SNEARLY	PRESIDENT	5.00	Officer Director	$0	$0	$0
ARUNDEL BURRELL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LISA DORAN	SECRETARY	5.00	Officer Director	$0	$0	$0
MAUREEN DE NIEVA-MARSH	DIRECTOR	5.00	Director	$0	$0	$0
LEWIS JORDAN	DIRECTOR	5.00	Director	$0	$0	$0
LUIS LUCIANO	DIRECTOR	5.00	Director	$0	$0	$0
VICKI MASSERIA	TREASURER	5.00	Officer Director	$0	$0	$0
SHERENE CHEN	INTERIM CEO	40.00	Officer	$28,936	$0	$28,936

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
2022	$99,211	$149,598	No data	$-50,387
2021	$772,604	$558,330	$589,419	$214,274
2020	$420,393	$454,921	$438,566	$-34,528
2020	$420,393	$454,921	$438,566	$-34,528
2019	$580,008	$552,608	$413,741	$27,400
2018	$586,146	$551,657	$396,667	$34,489