Lapeer Lightning Music Boosters (EIN 262847215) - 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

2015

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Lapeer Lightning Music Boosters, founded in 2015, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $45K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $7K, a strong 16% operating margin.

Mission

Support Lapeer School Bands through fundraising and volunteerism.

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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 $43,844

Program Service Revenue $0

Investment Income $2

Other Revenue $687

TOTAL REVENUE $44,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,464

Other Expenses $37,464

TOTAL EXPENSES $37,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,533	$40,092	+0.1%
Expenses	$37,464	$38,631	0.0%
Net Income	$7,069	$1,461	+3.8%

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

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
Alexis Johnson	Director	2.00	Director	$0	$0	$0
Daniel Hundt	Director	2.00	Director	$0	$0	$0
Rapael McDaniels	Director	2.00	Director	$0	$0	$0
Lynette Fenner	Director	2.00	Director	$0	$0	$0
Lori Jostock	Vice-President	2.00	Officer	$0	$0	$0
Elizabeth Stanhope	President	2.00	Officer	$0	$0	$0
Jennifer Mann	Secretary	2.00	Officer	$0	$0	$0
Kristine Racknor	Treasurer	4.00	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	$44,533	$37,464	$28,795	$7,069
2023	$40,092	$38,631	$21,726	$1,461
2022	$42,476	$39,859	$20,265	$2,617

Lapeer Lightning Music Boosters