BALMORAL SCHOOL OF HIGHLAND PIPING (EIN 251652056) - 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

1978

Legal Domicile

Principal Officer

GEORGE BALDEROSE

Phone

4123232707

Tax Period

2024-01-01 to 2024-12-31

BALMORAL SCHOOL OF HIGHLAND PIPING, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $250K in total revenue in fiscal year 2024. Expenses of $240K left a modest 4% surplus.

Mission

RAISE THE STANDARD AND PROMOTE APPRECIATION OF BAGPIPE MUSIC IN USA THROUGH INSTRUCTION AND EVENTS.

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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 $193,164

Program Service Revenue $55,392

Investment Income $0

Other Revenue $1,475

TOTAL REVENUE $250,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,486

Fundraising Expenses $18,234

Program Expenses $190,686

Other Expenses $134,000

TOTAL EXPENSES $240,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,031	$236,048	+0.1%
Expenses	$240,486	$220,589	+0.1%
Net Income	$9,545	$15,459	-0.4%

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

Volunteers

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

$35,000

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE BALDEROSE	EXEC DIRECTO	20.00	Officer Director	$35,000	$0	$35,000
WILLIAM ASKIN ESQ	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LE MCCULLOUGH	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
LEE CUNNINGHAM II	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC HAYES	DIRECTOR	1.00	Director	$0	$0	$0
RICHMOND JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
LACEY MAHLER	DIRECTOR	1.00	Director	$0	$0	$0
RAY SPEICHER	DIRECTOR	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
2024	$250,031	$240,486	$150,053	$9,545
2023	$236,048	$220,589	$139,234	$15,459
2022	$223,641	$217,158	$126,997	$6,483
2021	$218,162	$187,858	$120,008	$30,304
2020	$160,084	$172,653	$90,721	$-12,569
2019	$239,115	$238,944	$103,449	$171
2018	$228,666	$239,525	$103,148	$-10,859

BALMORAL SCHOOL OF HIGHLAND PIPING