BOURBON COUNTY HIGH BAND INC (EIN 202577597) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

Misty Atchison

Phone

8599872185

Tax Period

2023-01-01 to 2023-12-31

BOURBON COUNTY HIGH BAND INC, founded in 2005, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $93K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 51% operating deficit.

Mission

The object of this organization is to lend all possible support both moral and financial to the Bourbon County School Band and to cooperate with those in charge of the Band to the end that it be brought and kept at the highest possible degree of efficiency. In 2022 we traveled with over 150 members to New York City to play in the Macy's Thanksgiving Day Parade and tour the city.

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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 (2023)

Revenue Breakdown

Contributions & Grants $35,661

Program Service Revenue $0

Investment Income $108

Other Revenue $56,953

TOTAL REVENUE $92,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,024

Other Expenses $140,024

TOTAL EXPENSES $140,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,722	$253,879	-0.6%
Expenses	$140,024	$293,609	-0.5%
Net Income	$-47,302	$-39,730	+0.2%

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

100

Independent Members

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Megan Davidson	President	20.00	Officer	$0	$0	$0
Lynn Baker	Vice President	20.00	Officer	$0	$0	$0
Keena Guy	Treasurer	20.00	Officer	$0	$0	$0
Kimberlee McElroy	Secretary	5.00	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
2023	$92,722	$140,024	$65,010	$-47,302
2022	$253,879	$293,609	$112,312	$-39,730
2021	$181,490	$117,760	$152,042	$63,730

BOURBON COUNTY HIGH BAND INC