TROY MUSIC BOOSTERS INC

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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

Legal Domicile

Principal Officer

HOLLY MCELWEE

Tax Period

2024-07-01 to 2025-06-30

TROY MUSIC BOOSTERS INC is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $183K left a modest 9% surplus.

Mission

TO SUPPORT TROY CITY SCHOOLS MUSIC EDUCATION PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $182,716

MUSICAL INSTRUMENTS, CHOREOGRAPHY, SUPPLIES, UNIFORMS, TRANSPORTATION, EQUIPMENT REPAIRS, PROPS AND OTHER SUPPORTING EQUIPMENT, AWARDS, PARTICIPATION FEES FOR THE SCHOOL, BAND CAMP EXPENSES, AND...

MUSICAL INSTRUMENTS, CHOREOGRAPHY, SUPPLIES, UNIFORMS, TRANSPORTATION, EQUIPMENT REPAIRS, PROPS AND OTHER SUPPORTING EQUIPMENT, AWARDS, PARTICIPATION FEES FOR THE SCHOOL, BAND CAMP EXPENSES, AND PERFORMANCE FEES. THE HIGH SCHOOL MARCHING BAND CONTAINING MORE THAN 100 MEMBERS. THE JUNIOR HIGH BAND INCLUDES 100 MEMBERS. THE HIGH SCHOOL AND JUNIOR HIGH VOCAL GROUPS CONTAIN APPROXIMATELY 180 STUDENTS. THE HIGH SCHOOL AND JUNIOR HIGH ORCHESTRA GROUPS CONTAINING APPROXIMATELY 94 STUDENTS.

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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 $10,131

Program Service Revenue $0

Investment Income $4,493

Other Revenue $187,099

TOTAL REVENUE $201,723

Expense Breakdown

Grants Paid $101,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,716

Other Expenses $81,716

TOTAL EXPENSES $182,716

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,723	$155,319	+0.3%
Expenses	$182,716	$150,659	+0.2%
Net Income	$19,007	$4,660	+3.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY KOLAKOWSKI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
HOLLY MCELWEE	PRESIDENT	4.00	Officer Director	$0	$0	$0
KATHY OSBURN	SECRETARY	4.00	Officer Director	$0	$0	$0
JENNIFER SENTMAN	TREASURER	1.00	Officer 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	$201,723	$182,716	$305,143	$19,007
2024	$155,319	$150,659	$266,032	$4,660
2023	$157,894	$97,346	$264,171	$60,548
2022	$134,519	$80,683	$200,822	$53,836
2021	$149,605	$121,688	$169,142	$27,917
2020	$18,682	$28,194	$119,071	$-9,512
2019	$82,303	$77,261	$145,583	$5,042