GIBRALTAR MUSIC BOOSTERS

EIN: 352320579 501(c)(3)

GIBRALTAR, MI

Total Revenue
$149,104
Total Expenses
$153,022
Total Assets
$35,666
Net Assets
$30,666
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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
2013
Legal Domicile
MI
Principal Officer
SCOTT SMITH
Tax Period
2023-01-01 to 2023-12-31

GIBRALTAR MUSIC BOOSTERS, founded in 2013, is a small nonprofit that reported $149K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE ORGANIZATION IS TO ENCOURAGE AND SUPPORT THE MUSICAL CURRICULAR AND EXTRACURRICULAR NEEDS AND ACTIVITIES OF THE STUDENTS IN THE PUBLIC SCHOOL SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $96,418
Investment Income $0
Other Revenue $52,686
TOTAL REVENUE $149,104

Expense Breakdown

Grants Paid $2,100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $152,931
Other Expenses $150,922
TOTAL EXPENSES $153,022

Year-over-Year Comparison

2023 2022 Change
Revenue $149,104 $106,585 +0.4%
Expenses $153,022 $129,005 +0.2%
Net Income $-3,918 $-22,420 -0.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
20

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
8
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE HALL FUNDRAISING COORINATOR 5.00
Officer Director
$0 $0 $0
DAVID BROCKINGTON DIRECTOR 40.00
Officer Director
$0 $0 $0
DAWN ALEF RECORDING SECRETARY 5.00
Officer Director
$0 $0 $0
MELISSA MCLAUGHLIN VOLUNTEER COORDINATOR 5.00
Officer Director
$0 $0 $0
CHAD STUART VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
SCOTT SMITH PRESIDENT 5.00
Officer Director
$0 $0 $0
LORI HIGGINS TREASURER 5.00
Officer Director
$0 $0 $0
JENNIFER ANGEL CORRESPONDING SECRETARY 5.00
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
2024 No data No data No data No data
2023 $149,104 $153,022 $35,666 $-3,918
2022 $106,585 $129,005 $39,584 $-22,420
2021 $74,168 $64,231 $62,004 $9,937
2020 $50,642 $44,247 $52,067 $6,395
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