LAKELAND BAND BOOSTERS

EIN: 061708023 501(c)(3) Arts, Culture & Humanities

WHITE LAKE, MI

Total Revenue
$295,976
Total Expenses
$306,999
Total Assets
$3,932
Net Assets
$-8,265
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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
2004
Legal Domicile
MI
Principal Officer
KRISTILYN SMITH
Phone
2486842135
Tax Period
2024-01-01 to 2024-12-31

LAKELAND BAND BOOSTERS, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $296K in total revenue in fiscal year 2024.

Mission

SUPPORT BAND PROGRAMS AT LAKELAND HIGH SCHOOL

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $133,350
Program Service Revenue $105,954
Investment Income $0
Other Revenue $56,672
TOTAL REVENUE $295,976

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $287,224
Other Expenses $306,999
TOTAL EXPENSES $306,999

Year-over-Year Comparison

2024 2023 Change
Revenue $295,976 $288,451 +0.0%
Expenses $306,999 $298,190 +0.0%
Net Income $-11,023 $-9,739 +0.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANINE GUSTIN PRESIDENT 5.00
Officer
$0 $0 $0
MIKE FLORY SECRETARY 2.00
Officer
$0 $0 $0
KRISTILYN SMITH TREASURER 2.00
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
2024 $295,976 $306,999 $3,932 $-11,023
2023 $288,451 $298,190 $14,793 $-9,739
2022 $250,204 $263,521 $24,738 $-13,317
2019 $214,146 $221,307 $27,788 $-7,161
2018 $231,443 $228,779 $32,065 $2,664
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