MANKATO AREA 77 LANCERS MARCHING B… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

AMANDA DANBERRY

Phone

5073443208

Tax Period

2024-01-01 to 2024-12-31

MANKATO AREA 77 LANCERS MARCHING BAND PARENTS ASSOCIATION INC, founded in 1994, is a small nonprofit that reported $205K in total revenue in fiscal year 2024. Expenses of $196K left a modest 4% surplus.

Mission

THE MISSION OF THE LANCERS IS TO TEACH LIFE LESSONS WHILE PURSUING EXCELLENCE IN THE ULTIMATE TEAM SPORT OF MUSIC IN MOTION. YOUNG ADULTS EXPERIENCE ENJOYMENT WHILE COMBINING THE BEST OF ATHLETICS AND THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $191,112 Revenue: $138,698

MANKATO AREA "77" LANCERS MARCHING BAND PARENT ASSOCIATION HELPED PROVIDE TRANSPORTATION, INSTRUMENTS AND TOUR EXPENSES FOR YOUTH MARCHING BAND.

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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 $22,637

Program Service Revenue $138,698

Investment Income $0

Other Revenue $43,362

TOTAL REVENUE $204,697

Expense Breakdown

Grants Paid $250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $191,112

Other Expenses $195,671

TOTAL EXPENSES $195,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,697	$-29,544	-7.9%
Expenses	$195,921	$31,750	+5.2%
Net Income	$8,776	$-61,294	-1.1%

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

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 MENNE	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMANDA DANBERRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM SCHANBACHER	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTY TOKHEIM	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA DOYEN	PUBLICITY	1.00	Director	$0	$0	$0
KELLI MILBRATH	MARKETING & COMMUNICATIONS COORDINATOR	1.00	Director	$0	$0	$0
MICHAEL THURSBY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH PAUL	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE MILLER	DIRECTOR	1.00	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	$204,697	$195,921	$110,104	$8,776
2023	$-29,544	$31,750	$101,328	$-61,294
2022	$18,434	$22,872	$178,047	$-4,438
2022	$25,831	$37,792	$166,086	$-11,961
2021	$62,965	$49,567	$175,753	$13,398
2020	$53,485	$14,840	$161,854	$38,645
2019	$148,281	$143,839	$123,109	$4,442
2018	$137,386	$122,327	$123,190	$15,059

MANKATO AREA 77 LANCERS MARCHING BAND PARENTS ASSOCIATION INC