B O O M Inc

Nonprofit profile at a glance

EIN
237315091
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Mansfield, PA, USA
Phone
5706623107
Rating confidence
Limited
Sector
Urban, Community Economic Development

Reported finances

Revenue
$15,662
Expenses
$14,090
Assets
$331,663
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • CHRIS JONES (PRESIDENT)
  • JASSEN SHAW (VICE PRESIDENT)

People named in this filing

  • CHRIS JONES (PRESIDENT)
  • JASSEN SHAW (VICE PRESIDENT)
  • IRENE MORGAN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the organization is to promote the economic advantage of mansfield, pa and vicinity by the encouragement of industry, publicity, grants in aid of industry and such other means as shall be lawful and convenient.

What it reported doing in 2024

The mission and purpose of boom is promote the economic advantage of mansfield, pa and surrounding vicinity by the encouragement of industry, publicity, grants in aid of industry and other means as shall be lawful and convenient. In order to fulfill its mission and purpose, boom improves conditions in mansfield, pa and the surrounding vicinity by (1) improving industrial development by assisting in attracting new industries to the area and retaining current industries in the area; (2) providing grants to local organizations; and (3) providing loans to local businesses and organizations.

Operating model

Revenue model
Investment-supported. 99% of the money available for current operations came from recurring investment income.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 70
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 23.54; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 139.6% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -30.3% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -8.5% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 10 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.