WALLED LAKE CENTRAL MUSIC BOOSTERS

EIN: 383460627 501(c)(3) Education

WALLED LAKE, MI

Total Revenue
$462,525
Total Expenses
$447,917
Total Assets
$223,693
Net Assets
$223,693
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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
1998
Legal Domicile
MI
Principal Officer
KATHERINE MALISOW
Phone
2482023411
Tax Period
2024-07-01 to 2025-06-30

WALLED LAKE CENTRAL MUSIC BOOSTERS, founded in 1998, is a small nonprofit in the Education sector that reported $463K in total revenue in fiscal year 2024. Expenses of $448K left a modest 3% surplus.

Mission

PROVIDES STUDENTS WITH MUSIC, INSTRUMENTS, INSTRUCTION AND UNIFORMS FOR COMPETITION

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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 $324,113
Program Service Revenue $0
Investment Income $140
Other Revenue $138,272
TOTAL REVENUE $462,525

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $442,425
Other Expenses $447,917
TOTAL EXPENSES $447,917

Year-over-Year Comparison

2024 2023 Change
Revenue $462,525 $471,778 0.0%
Expenses $447,917 $416,432 +0.1%
Net Income $14,608 $55,346 -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
4
Independent Members
4
Employees
N/A
Volunteers
69

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
$8,930
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MACY SELECMAN DIRECTOR 2.00
Officer
$0 $0 $0
BRANDI ROBINSON DIRECTOR 2.00
Officer
$0 $0 $0
KATHERINE MALISOW PRESIDENT 3.00
Officer
$0 $0 $0
THOMAS HENNING TREASURER 3.00
Officer
$8,930 $0 $8,930
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 $462,525 $447,917 $223,693 $14,608
2024 $471,778 $416,432 $209,085 $55,346
2023 $354,131 $323,813 $153,737 $30,318
2022 $336,171 $348,462 $125,791 $-12,291
2021 $229,905 $204,681 $138,078 $25,224
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