RGV Genesis Drum and Bugle Corps Inc

EIN: 271215254 501(c)(3) Arts, Culture & Humanities

Austin, TX

Total Revenue
$859,775
Total Expenses
$886,871
Total Assets
$618,336
Net Assets
$-22,098
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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
2009
Legal Domicile
TX
Principal Officer
Christopher Magonigal
Phone
5129238571
Tax Period
2023-01-01 to 2023-12-31

RGV Genesis Drum and Bugle Corps Inc, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $860K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

Genesis Drum & Bugle Corps holds a deep-seated philosophy of Education Through Performance. Our mission is to provide life enriching experiences to our youth through the medium of the marching arts.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $859,775
Investment Income $0
Other Revenue $0
TOTAL REVENUE $859,775

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,747
Fundraising Expenses $0
Program Expenses $735,149
Other Expenses $847,124
TOTAL EXPENSES $886,871

Year-over-Year Comparison

2023 2022 Change
Revenue $859,775 $720,158 +0.2%
Expenses $886,871 $703,000 +0.3%
Net Income $-27,096 $17,158 -2.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
30

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
6
$36,400
Total Directors
0
$0
Key Employees
1
$36,400
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Magonigal CEO 60.00
Officer Key Emp Highest
$36,400 $0 $36,400
Daniel Sanchez Board President 5.00
Officer
$0 $0 $0
Blake Adams VP 5.00
Officer
$0 $0 $0
Analisa Magonigal Treasurer 10.00
Officer
$0 $0 $0
Jason Levin Voting Member 5.00
Officer
$0 $0 $0
John Filliponne Voting Member 5.00
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 No data No data No data No data
2023 $859,775 $886,871 $618,336 $-27,096
2020 $425,510 $272,152 $197,909 $153,358
2019 $508,378 $507,387 $212,772 $991
2018 $603,828 $601,461 $197,058 $2,367
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