LAKE CITY MUSIC BOOSTERS (EIN 411311328) - 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

2008

Legal Domicile

Principal Officer

MEGAN AHRENS

Phone

6519830377

Tax Period

2024-08-01 to 2025-07-31

LAKE CITY MUSIC BOOSTERS, founded in 2008, is a micro nonprofit in the Education sector that reported $99K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 39% operating margin.

Mission

Encourage and support an enthusiastic interest in the Music Department of Independent School District 813.

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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 $24,695

Program Service Revenue $33,111

Investment Income $3,362

Other Revenue $38,141

TOTAL REVENUE $99,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,925

Other Expenses $60,925

TOTAL EXPENSES $60,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,309	$82,724	+0.2%
Expenses	$60,925	$50,946	+0.2%
Net Income	$38,384	$31,778	+0.2%

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
BECKY LAQUA	PRESIDENT	002.00	Officer Director	$0	$0	$0
BECCA WIEST	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
VERONICA MICKELSON	SECRETARY	002.00	Officer Director	$0	$0	$0
MEGAN AHRENS	TREASURER	002.00	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
2025	$99,309	$60,925	$154,910	$38,384
2024	$82,724	$50,946	$116,526	$31,778
2023	$102,074	$98,527	$84,748	$3,547
2022	$113,695	$125,754	$81,201	$-12,059
2021	$48,442	$40,356	$93,260	$8,086
2020	$41,642	$3,948	$85,174	$37,694
2019	$47,736	$57,648	$47,480	$-9,912

LAKE CITY MUSIC BOOSTERS