FLORIDA MARCHING BAND TOURNAMENTINC (EIN 204314751) - 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

2018

Legal Domicile

Principal Officer

CATHERINE KERSTEN

Phone

4074661016

Tax Period

2025-01-01 to 2025-12-31

FLORIDA MARCHING BAND TOURNAMENTINC, founded in 2018, is a small nonprofit in the Youth Development sector that reported $222K in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

The Florida Marching Band Championships exists to celebrate and advance the art of marching band performance across Florida by providing a premier competitive experience that promotes musical excellence, creativity, teamwork, integrity, and sportsmanship while inspiring student performers, educators, and communities to pursue the highest standards of achievement in the marching arts.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $222,286

Investment Income $0

Other Revenue $0

TOTAL REVENUE $222,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,465

Fundraising Expenses $0

Program Expenses $196,192

Other Expenses $165,070

TOTAL EXPENSES $233,535

Year-over-Year Comparison

	2025	2024	Change
Revenue	$222,286	$176,086	+0.3%
Expenses	$233,535	$119,678	+1.0%
Net Income	$-11,249	$56,408	-1.2%

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

Independent Members

Employees

N/A

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

Total Directors

Key Employees

$13,725

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC LEVY	DIRECTOR OF EDUCATION	3	Key Emp	$7,125	$0	$7,125
JOSH GELMAN	DIRECTOR OF TABULATION	5	Key Emp	$5,000	$0	$5,000
SANDIE KERSTEN	DIRECTOR OF OPERATIONS	2	Key Emp	$1,600	$0	$1,600
CATHERINE KERSTEN	EXECUTIVE DIRECTOR	25	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
2025	$222,286	$233,535	$16,263	$-11,249
2024	$176,086	$119,678	$70,514	$56,408

FLORIDA MARCHING BAND TOURNAMENTINC