SCOTCH PLAINS-FANWOOD MUSIC BOOSTERS ASSOCIATION INC (EIN 237378216) - 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

1972

Legal Domicile

Principal Officer

Glenn Carrascoso

Phone

9088899999

Tax Period

2017-07-01 to 2018-06-30

SCOTCH PLAINS-FANWOOD MUSIC BOOSTERS ASSOCIATION INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $251K in total revenue in fiscal year 2017. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $243K left a modest 3% surplus.

Mission

Encourage, assist and further the interests of the music programs in the Scotch Plains-Fanwood School District.

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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 (2017)

Revenue Breakdown

Contributions & Grants $18,052

Program Service Revenue $233,268

Investment Income $0

Other Revenue $0

TOTAL REVENUE $251,320

Expense Breakdown

Grants Paid $218,285

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,285

Other Expenses $24,670

TOTAL EXPENSES $242,955

Year-over-Year Comparison

	2017	2016	Change
Revenue	$251,320	$677,992	-0.6%
Expenses	$242,955	$674,475	-0.6%
Net Income	$8,365	$3,517	+1.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

150

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	Role	Reportable Comp	Other Comp	Total
Dan Murphy	Trustee	Director	$0	$0	$0
Julie Murphy	Trustee	Director	$0	$0	$0
Robert O'Connor	Co-President	Officer	$0	$0	$0
Ron Cerini	Co-President	Officer	$0	$0	$0
Glenn Carrascoso	Treasurer	Officer	$0	$0	$0
Lucia Diaz-Romero	Vice President	Officer	$0	$0	$0
Fran Wagner	Recording Secretary	Officer	$0	$0	$0
Victoria Fortna	Corresponding Secretary	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
2018	$251,320	$242,955	$41,362	$8,365

SCOTCH PLAINS-FANWOOD MUSIC BOOSTERS ASSOCIATION INC