FERNDALE SCHOOLS FINE ARTS BOOSTERS

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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

2004

Legal Domicile

Principal Officer

MARY FOREMAN

Phone

8104993131

Tax Period

2024-07-01 to 2025-06-30

FERNDALE SCHOOLS FINE ARTS BOOSTERS, founded in 2004, is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2024.

Mission

ENABLE STUDENTS TO PARTICIPATE IN CONCERTS, COMPETITIONS, AND EVENTS WHICH ARE ATTENDED AN AUDIENCE.

Program Service Accomplishments

Program 1

Expenses: $182,552 Revenue: $122,003

MARCHING BAND STUDENTS ARE ABLE TO PARTICIPATE IN COMPETITIONS, CONCERTS AND EVENTS, GREATLY ENRICHING THEIR EDUCATION.

Program 2

ALL OTHER FINE ARTS PROGRAMS, SUCH AS CHOIR, ORCHESTRA, DANCE, VISUAL ARTS, AND WINTER GUARD STUDENTS ARE ABLE TO PARTICIPATE IN MANY EVENTS AND COMPETITIONS ENRICHING THEIR EDUCATION.

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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 $19,495

Program Service Revenue $122,003

Investment Income $3

Other Revenue $43,934

TOTAL REVENUE $185,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,552

Other Expenses $38,639

TOTAL EXPENSES $185,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,435	$177,100	+0.0%
Expenses	$185,549	$208,452	-0.1%
Net Income	$-114	$-31,352	-1.0%

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

200

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
MARY FOREMAN	PRESIDENT	15.00	Officer	$0	$0	$0
AMY MEYERSIECK	TREASURER	15.00	Officer	$0	$0	$0
TRICIA VENZKE	SECRETARY	6.00	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
2025	$185,435	$185,549	$100,634	$-114
2024	$177,100	$208,452	$101,400	$-31,352
2023	$152,732	$162,079	$132,752	$-9,347
2022	$119,423	$113,608	$141,095	$5,815
2021	$69,912	$29,748	$135,280	$40,164