NORWELL MUSIC BOOSTERS INC (EIN 351377873) - 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

1970

Legal Domicile

Phone

2608270422

Tax Period

2024-06-01 to 2025-05-31

NORWELL MUSIC BOOSTERS INC, founded in 1970, is a small nonprofit in the Education sector that reported $120K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO AID THE NORTHERN WELLS COMMUNITY SCHOOL MUSIC DEPARTMENT.

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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 $3,200

Program Service Revenue $103,031

Investment Income $47

Other Revenue $13,515

TOTAL REVENUE $119,793

Expense Breakdown

Grants Paid $136,390

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,390

Other Expenses $6,023

TOTAL EXPENSES $142,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,793	$222,652	-0.5%
Expenses	$142,413	$176,646	-0.2%
Net Income	$-22,620	$46,006	-1.5%

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	Role	Reportable Comp	Other Comp	Total
ADAM TUDOR	DIRECTOR	Director	$0	$0	$0
COURTNEY SUTLIFF	DIRECTOR	Director	$0	$0	$0
BETH McCONN	DIRECTOR	Director	$0	$0	$0
SCOTT THOMAS	DIRECTOR	Director	$0	$0	$0
APRIL McINTOSH	DIRECTOR	Director	$0	$0	$0
GAY STOPPENHAGEN	DIRECTOR	Director	$0	$0	$0
TYLER DOYLE	DIRECTOR	Director	$0	$0	$0
BRITTANY DOYLE	DIRECTOR	Director	$0	$0	$0
BROOKE NEWSOM	DIRECTOR	Director	$0	$0	$0
ELIZABETH GERBER	PRESIDENT	Officer Director	$0	$0	$0
MELISSA SCHLEMMER	SECRETARY	Officer Director	$0	$0	$0
DAWN TUDOR	TREASURER	Officer Director	$0	$0	$0
JENNIFER MARTIN	VICE PRESIDENT	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	$119,793	$142,413	$123,647	$-22,620
2024	$222,652	$176,646	$146,267	$46,006
2023	$144,571	$124,629	$100,261	$19,942
2022	$125,598	$113,848	$80,319	$11,750
2021	$129,257	$144,378	$68,569	$-15,121
2020	$183,443	$179,501	$83,690	$3,942
2019	$192,596	$198,445	$79,748	$-5,849

NORWELL MUSIC BOOSTERS INC