McKinney Community Band (EIN 208345950) - 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

2006

Legal Domicile

Principal Officer

Chris Heider

Phone

9725409893

Tax Period

2024-01-01 to 2024-12-31

McKinney Community Band, founded in 2006, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $37K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $34K left a modest 7% surplus.

Mission

Provide low or no cost music entertainment for the community & to support the arts by providing an outlet for adults to pursue their love of band music & further

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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 $35,711

Program Service Revenue $0

Investment Income $1,087

Other Revenue $0

TOTAL REVENUE $36,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,267

Other Expenses $34,156

TOTAL EXPENSES $34,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,798	$31,348	+0.2%
Expenses	$34,156	$36,800	-0.1%
Net Income	$2,642	$-5,452	-1.5%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Dennis	Vice President	1.00	Officer Director	$0	$0	$0
Chris Heider	President	1.00	Officer Director	$0	$0	$0
Katie Thompson	Secretary	1.00	Officer Director	$0	$0	$0
Tyson Jaquez	Concert Manager	1.00	Officer Director	$0	$0	$0
Mike Rightmire	Treasurer	1.00	Officer Director	$0	$0	$0
Marsha Hope	Director	1.00	Director	$0	$0	$0
Tom Evans	Director	1.00	Director	$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	$36,798	$34,156	$54,360	$2,642
2023	$31,348	$36,800	$51,718	$-5,452
2022	$29,576	$27,929	$57,170	$1,647
2021	$43,659	$25,220	$55,525	$18,439
2020	$17,808	$28,864	$37,086	$-11,056
2019	$35,330	$31,329	$48,142	$4,001
2018	$33,255	$34,087	$44,142	$-832

McKinney Community Band