COMETS BOOSTER CLUB (EIN 237301389) - 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

Legal Domicile

Principal Officer

TIM TRIEMSTRA

Phone

2693812250

Tax Period

2023-01-01 to 2023-12-31

COMETS BOOSTER CLUB is a small nonprofit in the Education sector that reported $162K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $208K exceeded revenue, resulting in a 28% operating deficit.

Mission

FURTHER THE SPORTS PROGRAM OF KALAMAZOO CHRISTIAN HIGH SCHOOL THROUGH DONATIONS OF SPORTS EQUIPMENT AND FACILITIES PAID FOR FROM THE VARIOUS FUNDRAISING EFFORTS OF THIS ORGANIZATION.

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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 $96,777

Program Service Revenue $0

Investment Income $170

Other Revenue $65,477

TOTAL REVENUE $162,424

Expense Breakdown

Grants Paid $202,168

Salaries & Benefits $0

Fundraising Expenses $2,160

Program Expenses $202,168

Other Expenses $5,469

TOTAL EXPENSES $207,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,424	$88,621	+0.8%
Expenses	$207,637	$26,927	+6.7%
Net Income	$-45,213	$61,694	-1.7%

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
TIM TRIEMSTRA	PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFF SCHEFFERS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOSH SLATER	TREASURER	5.00	Officer Director	$0	$0	$0
KRISTI CORWIN	SECRETARY	1.00	Officer Director	$0	$0	$0
CANDACE BONNEMA	MEMBER	1.00	Director	$0	$0	$0
NATHAN ZICHTERMAN	MEMBER	1.00	Director	$0	$0	$0
JEFF PENZOTTI	MEMBER	1.00	Director	$0	$0	$0
BENJAMIN LEONARD	MEMBER	1.00	Director	$0	$0	$0
CHRIS BATTS	MEMBER	1.00	Director	$0	$0	$0
DAVE DOORN	MEMBER	1.00	Director	$0	$0	$0
OWEN ROHRER	MEMBER	1.00	Director	$0	$0	$0
SARA TERPSTRA	MEMBER	1.00	Director	$0	$0	$0
TIM DEVRIES	MEMBER	1.00	Director	$0	$0	$0
TRAVIS JAGER	MEMBER	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
2023	$162,424	$207,637	$82,096	$-45,213

COMETS BOOSTER CLUB