Hilliard Music Boosters (EIN 310871679) - 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

1976

Legal Domicile

Principal Officer

David Schoeff

Phone

6143016620

Tax Period

2024-07-01 to 2025-06-30

Hilliard Music Boosters, founded in 1976, is a small nonprofit in the Education sector that reported $515K in total revenue in fiscal year 2024. Expenses of $588K exceeded revenue, resulting in a 14% operating deficit.

Mission

Promote music education by providing instruments and uniforms as well as paying for travel costs instruction and camps for music students in the Hilliard City School District in Ohio.

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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 $84,899

Program Service Revenue $217,006

Investment Income $125

Other Revenue $212,992

TOTAL REVENUE $515,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $577,643

Other Expenses $588,105

TOTAL EXPENSES $588,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$515,022	$507,570	+0.0%
Expenses	$588,105	$445,858	+0.3%
Net Income	$-73,083	$61,712	-2.2%

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

300

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
Greg Belhorn	President	10.00	Officer Director	$0	$0	$0
David Schoeff	Treasurer	15.00	Officer Director	$0	$0	$0
Bo Huot	Secretary	5.00	Officer Director	$0	$0	$0
Mark Abate	VP	5.00	Director	$0	$0	$0
Andrew Wallen	VP	5.00	Director	$0	$0	$0
Michelle Diercks	VP	5.00	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
2025	$515,022	$588,105	$390,508	$-73,083
2024	$507,570	$445,858	$463,591	$61,712
2023	$525,663	$472,949	$401,879	$52,714
2022	$408,547	$374,328	$349,165	$34,219
2019	$512,000	$484,000	$351,710	$28,000
2018	$507,724	$482,546	$323,710	$25,178

Hilliard Music Boosters