GRAND LEDGE MUSIC BOOSTER ASSOCIATION

EIN: 383323292 501(c)(3) Education

Grand Ledge, MI

Total Revenue
$221,980
Total Expenses
$185,517
Total Assets
$159,467
Net Assets
$159,467
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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
1996
Legal Domicile
MI
Principal Officer
Danielle Lundstrom
Phone
5172825483
Tax Period
2024-07-01 to 2025-06-30

GRAND LEDGE MUSIC BOOSTER ASSOCIATION, founded in 1996, is a small nonprofit in the Education sector that reported $222K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $36K, a strong 16% operating margin.

Mission

The purpose of the organization is to support the students, parents, staff, and teachers of the Grand Ledge Music Programs by recruiting volunteers, raising funds, and conducting 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $122,831
Program Service Revenue $0
Investment Income $183
Other Revenue $98,966
TOTAL REVENUE $221,980

Expense Breakdown

Grants Paid $3,250
Salaries & Benefits $55,310
Fundraising Expenses $0
Program Expenses $182,429
Other Expenses $126,957
TOTAL EXPENSES $185,517

Year-over-Year Comparison

2024 2023 Change
Revenue $221,980 $295,150 -0.2%
Expenses $185,517 $273,432 -0.3%
Net Income $36,463 $21,718 +0.7%
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
5
Independent Members
5
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Danielle Lundstrom Treasurer 0
Officer
$0 $0 $0
Charity McLaren President 0
Officer
$0 $0 $0
David Gruner Vice President 0
Officer
$0 $0 $0
Jennifer Waybright Vice President 0
Officer
$0 $0 $0
Shirley Ries Secretary 0
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 $221,980 $185,517 $159,467 $36,463
2024 $295,150 $273,432 $122,471 $21,718
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