HERSEY INSTRUMENTAL ASSOCIATION

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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

1971

Legal Domicile

Principal Officer

ROB KANABAY

Phone

8477184000

Tax Period

2023-07-01 to 2024-06-30

HERSEY INSTRUMENTAL ASSOCIATION, founded in 1971, is a small nonprofit that reported $231K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $204K left a modest 12% surplus.

Mission

THE ORGANIZATION IS THE MUSIC BOOSTERS PROGRAM THAT ENHANCES THE BAND AND GUARD PROGRAM AT JOHN HERSEY HIGH SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $164,639 Revenue: $84,973

THE ORGANIZATION FUNDS THE ANNUAL MARCHING BAND CAMP IN PREPARATION FOR MARCHING SEASON DURING THE SCHOOL YEAR. IN ADDITION, THE ORGANIZATION PROVIDES FUNDS FOR STUDENTS TO ATTEND VARIOUS MARCHING...

THE ORGANIZATION FUNDS THE ANNUAL MARCHING BAND CAMP IN PREPARATION FOR MARCHING SEASON DURING THE SCHOOL YEAR. IN ADDITION, THE ORGANIZATION PROVIDES FUNDS FOR STUDENTS TO ATTEND VARIOUS MARCHING BAND MUSIC COMPETITIONS, BAND TRIPS AND ENRICHMENT PROGRAMS. THEY ALSO PROVIDE FUNDS FOR THE MAINTENANCE OF MUSIC PROGRAM INSTRUMENTS.

Program 2

Expenses: $31,872 Revenue: $46,968

THE ORGANIZATION PUTS ON AN ANNUAL BAND COMPETITION AT THE HIGH SCHOOL FOR CONCERT AND SYMPHONIC BANDS TO PERFORM AND BE EVALUATED BY HIGH LEVEL AND ESTEEMED MUSIC CLINICIANS IN THE FIELD OF MUSIC...

THE ORGANIZATION PUTS ON AN ANNUAL BAND COMPETITION AT THE HIGH SCHOOL FOR CONCERT AND SYMPHONIC BANDS TO PERFORM AND BE EVALUATED BY HIGH LEVEL AND ESTEEMED MUSIC CLINICIANS IN THE FIELD OF MUSIC EDUCATION.

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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 $43,436

Program Service Revenue $185,341

Investment Income $2,464

Other Revenue $0

TOTAL REVENUE $231,241

Expense Breakdown

Grants Paid $29,347

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $196,511

Other Expenses $175,102

TOTAL EXPENSES $204,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,241	$208,630	+0.1%
Expenses	$204,449	$190,916	+0.1%
Net Income	$26,792	$17,714	+0.5%

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

200

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

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FULLER	PRESIDENT	3.00	Officer	$0	$0	$0
LISA ULRYCH	VICE-PRESIDENT	3.00	Officer	$0	$0	$0
ROB KANABAY	TREASURER	3.00	Officer	$0	$0	$0
AMY REED	CORRESPONDING SECRETARY	3.00	Officer	$0	$0	$0
MICHELLE OLSON	RECORDING SECRETARY	3.00	Officer	$0	$0	$0
ROXANNE PIPITONE	PROJECT CHAIR	3.00	Officer	$0	$0	$0
SPENCER HILE	DIRECTOR	40.00	Director	$3,000	$0	$3,000

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	No data	No data	No data	No data
2024	$231,241	$204,449	$212,977	$26,792
2023	$208,630	$190,916	$173,648	$17,714