Lakeside Music Boosters Inc

EIN: 272901832 501(c)(3) Education

Ashtabula, OH

Total Revenue
$167,011
Total Expenses
$182,057
Total Assets
$31,523
Net Assets
$31,523
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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
2008
Legal Domicile
OH
Principal Officer
Libby Pallutch
Phone
4408624539
Tax Period
2019-07-01 to 2020-06-30

Lakeside Music Boosters Inc, founded in 2008, is a small nonprofit in the Education sector that reported $167K in total revenue in fiscal year 2019.

Mission

The purpose of the organization is to support the students, parents, staff, and teachers of the Lakeside Music Programs by recruiting volunteers, raising funds, and conducting 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $136,365
Program Service Revenue $2,810
Investment Income $0
Other Revenue $27,836
TOTAL REVENUE $167,011

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $170,611
Other Expenses $182,057
TOTAL EXPENSES $182,057

Year-over-Year Comparison

2019 2018 Change
Revenue $167,011 N/A N/A
Expenses $182,057 N/A N/A
Net Income $-15,046 $0 N/A
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
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Pallutch President 0
Officer
$0 $0 $0
Libby Pallutch Treasurer 0
Officer
$0 $0 $0
Renate Timms Secretary 0
Officer
$0 $0 $0
Corby Tulino Vice President 0
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
2020 $167,011 $182,057 $31,523 $-15,046
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