NEWTON CONOVER BAND BOOSTERS C

EIN: 237259807 501(c)(3)

NEWTON, NC

Total Revenue
$69,710
Total Expenses
$111,315
Total Assets
$19,908
Net Assets
$19,908
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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
1967
Legal Domicile
NC
Principal Officer
KAREN COLLINS
Phone
8284650920
Tax Period
2024-01-01 to 2024-12-31

NEWTON CONOVER BAND BOOSTERS C, founded in 1967, is a micro nonprofit that reported $70K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $111K exceeded revenue, resulting in a 60% operating deficit.

Mission

TEACHING MUSICAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,602
Program Service Revenue $0
Investment Income $66
Other Revenue $42,042
TOTAL REVENUE $69,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $108,740
Other Expenses $111,315
TOTAL EXPENSES $111,315

Year-over-Year Comparison

2024 2023 Change
Revenue $69,710 $78,333 -0.1%
Expenses $111,315 $79,058 +0.4%
Net Income $-41,605 $-725 +56.4%
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
Volunteers
60

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
8
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNY RUSSELL PRESIDENT 2
Officer
$0 $0 $0
KAREN COLLINS CO TREASURER 2
Officer
$0 $0 $0
JENNIFER HEATH CO TREASURER 2
Officer
$0 $0 $0
LINDA RAINEY CONCESSIONS 2
Officer
$0 $0 $0
STAN WILLIAMS CONCESSIONS 2
Officer
$0 $0 $0
SHAWNA CLONING FUNDRAISING 2
Officer
$0 $0 $0
CRYSTAL LAWING COMMUNICATIONS 2
Officer
$0 $0 $0
NATASHA BUNTON SECRETARY 2
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
2024 $69,710 $111,315 $19,908 $-41,605
2023 $78,333 $79,058 $61,513 $-725
2022 $100,105 $70,669 $62,238 $29,436
2021 $75,574 $65,365 $32,801 $10,209
2020 $6,980 $15,409 $22,592 $-8,429
2019 $54,158 $36,555 $31,021 $17,603
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