MOUNTLAKE TERRACE HIGH SCHOOL BOOSTERS

EIN: 364643527 501(c)(3) Education

Mountlake Terrace, WA

Total Revenue
$232,457
Total Expenses
$185,137
Total Assets
$147,273
Net Assets
$147,273
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
WA
Principal Officer
Tracy Waldrop
Phone
4254317776
Tax Period
2023-07-01 to 2024-06-30

MOUNTLAKE TERRACE HIGH SCHOOL BOOSTERS, founded in 2009, is a small nonprofit in the Education sector that reported $232K in total revenue in fiscal year 2023. The organization ran a surplus of $47K, a strong 20% operating margin.

Mission

To Promote the Education and Welfare of MTHS Students. MTHS Boosters encourages and promotes involvement of all parents, families and the general community in the success of children, emphasizing and recognizing each individual's needs and gifts. MTHS Boosters encourages participation through volunteerism, communication, advocacy, and leadership. The purpose of the MTHS Boosters is to provide a forum for parents, staff and students to discuss, influence and participate in the educational program at Mountlake Terrace High School and Edmonds School District #15. To promote positive interaction between Mountlake Terrace High School and the surrounding community. To encourage all students to benefit fully from their MTHS education through participation in school related activities. To increase the presence of parents and community members in the school through their volunteerism in the educational program.

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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 $232,457
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $232,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $185,137
Other Expenses $185,137
TOTAL EXPENSES $185,137

Year-over-Year Comparison

2023 2022 Change
Revenue $232,457 N/A N/A
Expenses $185,137 N/A N/A
Net Income $47,320 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Emily Crum Smith President 5
Officer
$0 $0 $0
Tracy Waldrop Treasurer 5
Officer
$0 $0 $0
Tara Damschen Secretary 5
Officer
$0 $0 $0
Kelsey Eyer Vice President 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 $232,457 $185,137 $147,273 $47,320
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