Tipp City Music Boosters Inc

EIN: 341604431 501(c)(3) Education

Tipp City, OH

Total Revenue
$92,719
Total Expenses
$136,297
Total Assets
$143,524
Net Assets
$143,524
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OH
Principal Officer
Danece Frost-Hoskins
Phone
5135785134
Tax Period
2024-06-01 to 2025-05-31

Tipp City Music Boosters Inc, founded in 1989, is a micro nonprofit in the Education sector that reported $93K in total revenue in fiscal year 2024. Expenses of $136K exceeded revenue, resulting in a 47% operating deficit.

Mission

The TCMB is a volunteer organization of parents and or legal guardians of current students in the 6th to 12th grade band and choir programs of Tipp City Exempted Village Schools Associate Member Alumni Members and or Honorary Life Members which includes the band choir color guard and other approved associated auxiliary groups; and whose purpose shall include: Assist with additional financial support for the music programs for items not provided by the school system. Priority shall be given to the purchase and maintenance of instruments uniforms robes and other related equipment. Provide moral support to the music programs and help to stimulate student and community interest in the appreciation and support of the THS music programs. Work in partnership with the music department directors staff THS Administration and the Tipp City Exempted Village School Board.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,012
Program Service Revenue $0
Investment Income $0
Other Revenue $75,707
TOTAL REVENUE $92,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $37,061
Program Expenses $2,345
Other Expenses $136,297
TOTAL EXPENSES $136,297

Year-over-Year Comparison

2024 2023 Change
Revenue $92,719 N/A N/A
Expenses $136,297 N/A N/A
Net Income $-43,578 N/A 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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Governance

Voting Members
4
Independent Members
4
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joshua Gold President 5.00
Officer
$0 $0 $0
Richard Chapleu Vice President 5.00
Officer
$0 $0 $0
Abby Gorrell Treasurer 5.00
Officer
$0 $0 $0
Danece FrostHoskins Assistant Treasurer 5.00
Officer
$0 $0 $0
Pamela Schanz Secretary 5.00
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 $92,719 $136,297 $143,524 $-43,578
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