RHS BAND ASSOCIATION 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

1999

Legal Domicile

Principal Officer

LAURA LUTZ

Phone

2014452600

Tax Period

2024-06-01 to 2025-05-31

RHS BAND ASSOCIATION INC, founded in 1999, is a small nonprofit in the Education sector that reported $211K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $255K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO ENRICH AND ENHANCE THE MUSICAL EXPERIENCE OF BAND STUDENTS AT RIDGEWOOD HIGH SCHOOL THROUGH CLINICS, SCHOLARSHIPS, EVENTS AND PERFORMANCE.

Program Service Accomplishments

Program 1

Expenses: $248,914 Revenue: $134,171

TO ENRICH AND ENHANCE THE MUSICAL EXPERIENCE OF BAND STUDENTS AT RIDGEWOOD HIGH SCHOOL THROUGH CLINICS, SCHOLARSHIPS, EVENTS AND PERFORMANCE.

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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 $14,125

Program Service Revenue $122,990

Investment Income $0

Other Revenue $73,399

TOTAL REVENUE $210,514

Expense Breakdown

Grants Paid $67,958

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,914

Other Expenses $186,699

TOTAL EXPENSES $254,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,514	$270,938	-0.2%
Expenses	$254,657	$219,909	+0.2%
Net Income	$-44,143	$51,029	-1.9%

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

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
LAURA LUTZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA FARIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHANIE DULLI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA WAISNOR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BILL JOSEPH	TREASURER	2.00	Officer Director	$0	$0	$0
LYNN DEWHURST-MCBURNEY	SECRETARY	2.00	Officer 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
2025	$210,514	$254,657	$90,865	$-44,143
2024	$270,938	$219,909	$135,008	$51,029
2023	$182,324	$199,400	$83,979	$-17,076
2022	$157,931	$141,573	$101,055	$16,358
2021	$106,126	$83,551	$84,697	$22,575
2020	$154,173	$172,101	$61,995	$-17,928
2019	$157,828	$140,890	$79,824	$16,938