Gates Chili Color Guard Parents Inc

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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

1995

Legal Domicile

Principal Officer

LaTasha Cutaia

Phone

5854788543

Tax Period

2024-08-01 to 2025-07-31

Gates Chili Color Guard Parents Inc, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $349K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $545K exceeded revenue, resulting in a 56% operating deficit.

Mission

To encourage and promote the musical, dramatic, dance and performing talents of young people of all races and religions, both male and female, and to help develop the character, educational advancement, leadership abilities, and social awareness of these young people. These purposes are to be accomplished both within Gates-Chili Color Guard and by offering assistance to other youth organizations which aspire to similar goals.The Organization aids other marching and pageantry arts organizations in the Western New York area by providing financial and mentoring support to programs in Western NY and/or Winterguard programs who are members of the Northeast Colorguard Circuit. This is accomplished by the Marching Arts Grant, which offers opportunities for organizations to obtain additional funding.

Program Service Accomplishments

Program 1

Expenses: $500,621 Revenue: $36,287

The Organization supports the Gates Chili Color Guard by providing transportation, costumes, props, educational assistance and funding for competitions. This program is supported by income from...

The Organization supports the Gates Chili Color Guard by providing transportation, costumes, props, educational assistance and funding for competitions. This program is supported by income from gaming activities.

Program 2

Expenses: $11,876

The Organization is committed to marching and pageantry arts organizations in the Western New York area by providing financial and mentoring support to programs in Western NY and/or Winterguard...

The Organization is committed to marching and pageantry arts organizations in the Western New York area by providing financial and mentoring support to programs in Western NY and/or Winterguard programs who are members of the Northeast Colorguard Circuit. This is accomplished by the Marching Arts Grant, which offers opportunities for organizations to obtain additional funding.

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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 $24,375

Program Service Revenue $0

Investment Income $7

Other Revenue $324,755

TOTAL REVENUE $349,137

Expense Breakdown

Grants Paid $304,444

Salaries & Benefits $132,922

Fundraising Expenses $0

Program Expenses $512,497

Other Expenses $107,483

TOTAL EXPENSES $544,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$349,137	$392,162	-0.1%
Expenses	$544,849	$424,042	+0.3%
Net Income	$-195,712	$-31,880	+5.1%

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

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

$25,239

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Krystal Schmackpfeffer	President	2.90	Officer Director	$0	$0	$0
Michelle Hunt	Secretary	1.40	Officer Director	$0	$0	$0
Amy Shanley	Member	0.80	Director	$0	$0	$0
LaTasha Cutaia	Treasurer	5.00	Officer Director	$0	$0	$0
Susan Hubbard	Vice President	2.90	Officer Director	$0	$0	$0
Erika Ly	Member	0.80	Director	$0	$0	$0
Denise Hafner-Ytreberg	Member	0.80	Director	$0	$0	$0
Tracy Smith	Member	0.80	Director	$0	$0	$0
Melissa Pratt	Member	0.80	Director	$0	$0	$0
Donna Ryan	Member	0.80	Director	$0	$0	$0
Michael Heaney	Executive Director	20.00	Officer	$25,239	$0	$25,239

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	$349,137	$544,849	$266,021	$-195,712
2024	No data	No data	No data	No data
2023	$404,683	$374,446	$540,135	$30,237
2022	$423,432	$316,568	$281,513	$106,864
2021	$135,769	$113,841	$240,910	$21,928
2020	$251,393	$347,640	$156,195	$-96,247
2019	$468,882	$360,522	$252,504	$108,360