Bluecoats Drum & Bugle Corps Inc (EIN 341563908) - 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

1987

Legal Domicile

Principal Officer

Mike Scott

Phone

3304339115

Tax Period

2023-11-01 to 2024-10-31

Bluecoats Drum & Bugle Corps Inc, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 21% operating margin.

Mission

Bluecoats creates performing arts experiences that inspire, educate, and promote excellence as we enrich the lives of young people, and those who encounter their art

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,738,532

Program Service Revenue $1,478,169

Investment Income $21,964

Other Revenue $1,348,007

TOTAL REVENUE $5,586,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $763,863

Fundraising Expenses $0

Program Expenses $4,022,713

Other Expenses $3,652,957

TOTAL EXPENSES $4,416,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,586,672	$3,926,355	+0.4%
Expenses	$4,416,820	$4,283,306	+0.0%
Net Income	$1,169,852	$-356,951	-4.3%

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

Volunteers

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

$253,509

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Genevieve Geisler	CFO/COO	40.0	Officer	$128,069	$3,730	$131,799
Mike Scott	CEO	40.0	Officer	$118,265	$3,445	$121,710
John Lowe	Director	1.0	Director	$6,000	$0	$6,000
Scott Swaldo	Chair of the Board	3.0	Officer Director	$0	$0	$0
Chris Groves	Vice Chair of the Board	3.0	Officer Director	$0	$0	$0
Tom Scheck	Treasurer	2.0	Officer Director	$0	$0	$0
Randall Lamb	Secretary	2.0	Officer Director	$0	$0	$0
Brian Ruwadi	Director	1.0	Director	$0	$0	$0
Kayleigh Kriss	Director	1.0	Director	$0	$0	$0
Roger Walker	Director	1.0	Director	$0	$0	$0
Chris Smeiles	Director	1.0	Director	$0	$0	$0
Kate Mcllvain	Director	1.0	Director	$0	$0	$0
Dan Coleman	Director	1.0	Director	$0	$0	$0
Ted Swaldo	Director Emeritus	1.0	Director	$0	$0	$0
Eric Krebs	Director	1.0	Director	$0	$0	$0
Zach Young	Director	1.0	Director	$0	$0	$0
Latrice Virola	Affiliated Director	1.0	Director	$0	$0	$0
Natalie McCleskey	Affiliated Director	1.0	Director	$0	$0	$0
Patty Dowd Schmitz	Director	1.0	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
2024	$5,586,672	$4,416,820	$4,907,902	$1,169,852
2023	$3,926,355	$4,283,306	$3,885,957	$-356,951
2022	$4,142,990	$4,079,752	$4,414,924	$63,238
2021	$2,937,398	$1,910,586	$3,336,816	$1,026,812
2020	$1,051,342	$1,040,433	$1,583,941	$10,909
2019	$2,410,673	$2,471,380	$1,558,531	$-60,707
2018	$2,258,589	$2,344,183	$1,794,395	$-85,594

Bluecoats Drum & Bugle Corps Inc