Band Boosters Club of Franklin Cen… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

George Hewitt

Phone

3175141347

Tax Period

2024-06-01 to 2025-05-31

Band Boosters Club of Franklin Central High School Inc, founded in 1982, is a small nonprofit in the Education sector that reported $741K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $672K left a modest 9% surplus.

Mission

To maintain an enthusiastic interest in the various phases of the instrumental music department by participating in various musical and marching events

Program Service Accomplishments

Program 1

Expenses: $663,767 Revenue: $313,213

To maintain an enthusiastic interest in the various phases of the instrumental music department by participating in various musical and marching events

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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 $82,458

Program Service Revenue $313,213

Investment Income $0

Other Revenue $345,611

TOTAL REVENUE $741,282

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $663,767

Other Expenses $670,270

TOTAL EXPENSES $672,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$741,282	$683,271	+0.1%
Expenses	$672,270	$536,286	+0.3%
Net Income	$69,012	$146,985	-0.5%

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

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
Karen Smith	President	5.00	Officer	$0	$0	$0
Candace Wells-Myers	Vice President	5.00	Officer	$0	$0	$0
George Hewitt	Treasurer	10.00	Officer	$0	$0	$0
Missi Magness	Event Coordinator	5.00	Officer	$0	$0	$0
Jennifer McCormick	Engagement Coordinator	5.00	Officer	$0	$0	$0
Melissa Davis	Fundraising Coordinator	5.00	Officer	$0	$0	$0
Tatia Kortepeter	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	$741,282	$672,270	$233,952	$69,012
2024	$683,271	$536,286	$164,940	$146,985
2023	$428,187	$481,464	$17,955	$-53,277
2022	$410,412	$403,234	$71,232	$7,178
2021	$222,167	$213,164	$64,054	$9,003
2020	$315,534	$310,460	$55,051	$5,074
2019	$331,772	$334,871	$49,977	$-3,099

Band Boosters Club of Franklin Central High School Inc