Salem Band Boosters Inc (EIN 341868537) - 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

1998

Legal Domicile

Principal Officer

Rachelle Shelhart

Phone

3302778701

Tax Period

2021-06-01 to 2022-05-31

Salem Band Boosters Inc, founded in 1998, is a small nonprofit in the Human Services sector that reported $155K in total revenue in fiscal year 2021. Revenue surged 262% from the prior year, signaling strong growth momentum.

Mission

The purpose of the organization is to provide support to the Salem, Ohio public school's band programs.

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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 (2021)

Revenue Breakdown

Contributions & Grants $521

Program Service Revenue $107,406

Investment Income $2

Other Revenue $47,038

TOTAL REVENUE $154,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,291

Other Expenses $153,468

TOTAL EXPENSES $153,468

Year-over-Year Comparison

	2021	2020	Change
Revenue	$154,967	$42,845	+2.6%
Expenses	$153,468	$17,669	+7.7%
Net Income	$1,499	$25,176	-0.9%

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

350

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
Scott Bettis	President	2.00	Officer	$0	$0	$0
Keith Gallagher	Vice President	2.00	Officer	$0	$0	$0
Rachelle Shelhart	Secretary	2.00	Officer	$0	$0	$0
Rebecca Gallagher	Treasurer	2.00	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
2022	$154,967	$153,468	$58,306	$1,499

Salem Band Boosters Inc