Racine Explorer Scout Drum Bugl (EIN 391338453) - Form 990 Financial Analysis & Trantor Score

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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

1927

Legal Domicile

Principal Officer

Michael Chaffee

Phone

2624126403

Tax Period

2024-01-01 to 2024-12-31

Racine Explorer Scout Drum Bugl, founded in 1927, is a micro nonprofit that reported $34K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $21K, a strong 63% operating margin.

Mission

Teach and educate youth members music and marching to help with self esteem, learn teamwork, and respect through performance as a drum and buble corp.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,701

Program Service Revenue $0

Investment Income $0

Other Revenue $6,898

TOTAL REVENUE $33,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,593

Other Expenses $12,593

TOTAL EXPENSES $12,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,599	$43,724	-0.2%
Expenses	$12,593	$34,408	-0.6%
Net Income	$21,006	$9,316	+1.3%

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
Michael Chaffee	Treasurer	5.00	Officer	$0	$0	$0
Thomas Chase	President	1.00	Officer	$0	$0	$0
Chad Bongiovanni	Vice President	3.00	Officer	$0	$0	$0
Rebecca Sattler	Secretary	1.00	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	$33,599	$12,593	$16,399	$21,006
2023	$43,724	$34,408	$13,353	$9,316
2022	$48,187	$47,744	$6,203	$443
2021	$47,068	$29,217	$9,359	$17,851
2020	$19,021	$20,641	$1,961	$-1,620
2019	$41,312	$27,618	$6,949	$13,694
2018	$25,530	$19,703	$6,456	$5,827

Racine Explorer Scout Drum Bugl