Is BALMS a Wordle Word?

Yes. BALMS is a valid Wordle word.

It is not on the Wordle answer list, so it is unlikely to be a daily answer.

Plurals ending in S are almost never chosen as Wordle answers.

What does BALMS mean?

Any of various aromatic resins exuded from certain plants, especially trees of the genus Commiphora of Africa, Arabia and India and Myroxylon of South America.
A plant or tree yielding such substance.
Any soothing oil or lotion, especially an aromatic one.“There is a balm in Gilead... (Spiritual)”

3 more noun definitions

Something soothing.“Classical music is a sweet balm for our sorrows.”
The lemon balm, Melissa officinalis
Any of a number of other aromatic herbs with a similar citrus-like scent, such as bee balm and horse balm.

Definition from Wiktionary, available under the CC BY-SA license.

Starter word rating: WeakIn the top 51% of all valid Wordle words for testing common letters.
Vowels: A
Unique letters: 5 of 5
Common letters: A, L

Hard-mode trap: 7 valid words fit the pattern BAL_S. If you reach it, you may need several guesses to find the last letter.

Letter ratings use how often each letter appears in Wordle answers.

Tap its tiles to the colours Wordle showed, and the Wordle Solver lists every word that still fits, with the best next guess.