PORTAGE TOWNSHIP MUSIC BOOSTERS INC (EIN 352045336) - 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

1995

Legal Domicile

Principal Officer

William Timmerman

Phone

2197646119

Tax Period

2023-01-01 to 2023-12-31

PORTAGE TOWNSHIP MUSIC BOOSTERS INC, founded in 1995, is a micro nonprofit in the Education sector that reported $75K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $153K represent 24 months of operating reserves.

Mission

To provide Portage Township Schools music program with financial assistance by paying certain expenses.

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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 $0

Program Service Revenue $74,960

Investment Income $0

Other Revenue $0

TOTAL REVENUE $74,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,865

Other Expenses $77,865

TOTAL EXPENSES $77,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,960	$99,234	-0.2%
Expenses	$77,865	$76,422	+0.0%
Net Income	$-2,905	$22,812	-1.1%

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

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
William Timmerman	Treasurer	5	Officer	$0	$0	$0
Nicole McKee	President	5	Officer	$0	$0	$0
Cindy Rodda	Vice President	5	Officer	$0	$0	$0
Karen Fletcher	Secretary	5	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
2024	No data	No data	No data	No data
2023	$74,960	$77,865	$152,976	$-2,905
2022	$99,234	$76,422	$155,881	$22,812
2021	$85,571	$31,865	$133,069	$53,706
2020	$9,476	$35,502	$79,363	$-26,026
2019	$93,235	$60,082	$105,389	$33,153
2018	$59,430	$64,933	$72,236	$-5,503

PORTAGE TOWNSHIP MUSIC BOOSTERS INC