LAKE ORION BAND BOOSTERS

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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

1948

Legal Domicile

Principal Officer

LYLA DYER

Phone

7609785991

Tax Period

2023-01-01 to 2023-12-31

LAKE ORION BAND BOOSTERS, founded in 1948, is a small nonprofit in the Arts, Culture & Humanities sector that reported $494K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $99K, a strong 20% operating margin.

Mission

TO PROVIDE PHYSICAL AND FINANCIAL SUPPORT FOR THE LAKE ORION SCHOOLS INSTRUMENTAL MUSIC PROGRAMS AND PERFORMANCE ENSEMBLES

Program Service Accomplishments

Program 1

Expenses: $313,843

FINANCIAL AND PHYSICAL SUPPORT FOR MARCHING BAND, WINTER GUARD AND WINTER PERCUSSION TO PARTICIPATE IN COMPETITIONS, INCLUDING INSTRUCTION, MUSIC, PROPS, INSTRUMENTS, UNIFORMS, FEES, TRANSPORTATION...

Program 2

Expenses: $70,665

FINANCIAL SUPPORT FOR THE HIGH SCHOOL AND MIDDLE SCHOOL BAND PROGRAMS INCLUDING: INSTRUCTION, MUSIC, INSTRUMENTS, UNIFORMS, SUPPLIES AND RECOGNITION.

Program 3

SCHOLARSHIPS TO BAND STUDENTS FOR PRIVATE MUSIC LESSONS AND MUSIC CAMPS.

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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 $123,110

Program Service Revenue $232,124

Investment Income $26

Other Revenue $138,543

TOTAL REVENUE $493,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $384,508

Other Expenses $394,539

TOTAL EXPENSES $394,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$493,803	$414,676	+0.2%
Expenses	$394,539	$328,112	+0.2%
Net Income	$99,264	$86,564	+0.1%

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

N/A

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
ALISON ABRAHAM	RECORDING SE	5.00	Officer Director	$0	$0	$0
STACEY BENN	CO-VICE PRES	10.00	Officer Director	$0	$0	$0
ALICE CRUZ	ACCTS TREASU	15.00	Officer Director	$0	$0	$0
LYLA DYER	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUSAN LOUVAR	CO-VICE PRES	15.00	Officer Director	$0	$0	$0
KELLY MILLER	TREASURER	20.00	Officer Director	$0	$0	$0
TERRYL SCHNEIDER	COMMUNICATIO	20.00	Officer Director	$0	$0	$0
MICHAEL STEELE	BAND DIRECTO	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	$493,803	$394,539	$340,128	$99,264
2022	$414,676	$328,112	$240,864	$86,564
2021	$242,859	$292,610	$154,300	$-49,751
2019	$359,558	$327,990	$225,892	$31,568
2018	$399,800	$329,859	$194,324	$69,941