CEDAR FALLS BAND INC

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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

1916

Legal Domicile

Principal Officer

DONALD RASMUSSON

Tax Period

2024-01-01 to 2024-12-31

CEDAR FALLS BAND INC, founded in 1916, is a small nonprofit in the Arts, Culture & Humanities sector that reported $123K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $31K, a strong 25% operating margin.

Mission

TO PERFORM FREE BAND MUSIC PROGRAMS FOR THE CITIZENS OF THE CEDAR VALLEY.

Program Service Accomplishments

Program 1

Expenses: $92,406 Revenue: $47,998

EVERY TUESDAY NIGHT DURING JUNE AND JULY THE CF MUNICIPAL BAND PERFORMS IN THE BAND SHELL IN OVERMAN PARK, WHICH IS THE TOWN SQUARE OF CEDAR FALLS. THE BAND CONCERTS ARE FREE AND VERY POPULAR...

EVERY TUESDAY NIGHT DURING JUNE AND JULY THE CF MUNICIPAL BAND PERFORMS IN THE BAND SHELL IN OVERMAN PARK, WHICH IS THE TOWN SQUARE OF CEDAR FALLS. THE BAND CONCERTS ARE FREE AND VERY POPULAR. ATTENDANCE NUMBERS ARE USUALLY IN THE HUNDREDS. THE BAND ALSO PERFORMS AT MANY SPECIAL FUNCTIONS SUCH AS STURGIS FALLS, THE ANNUAL CELEBRATION WHICH ATTRACTS THOUSANDS.

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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 $47,998

Program Service Revenue $0

Investment Income $81,210

Other Revenue $-6,076

TOTAL REVENUE $123,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,000

Fundraising Expenses $0

Program Expenses $92,406

Other Expenses $82,406

TOTAL EXPENSES $92,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,132	$112,200	+0.1%
Expenses	$92,406	$71,201	+0.3%
Net Income	$30,726	$40,999	-0.3%

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

$6,846

Total Directors

$8,406

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY MCCORMICK	SECRETARY	1.00	Officer Director	$3,260	$0	$3,260
BARRY DVORAK	VICE PRESIDE	1.00	Officer Director	$1,696	$0	$1,696
DONALD RASMUSSON	TREASURER &	1.00	Officer Director	$1,130	$0	$1,130
MARK WELTY	BLDG. TRUSTE	1.00	Director	$880	$0	$880
JUDY LARKIN	PRESIDENT	1.00	Officer Director	$760	$0	$760
LARY ANDERSON	BLDG. TRUSTE	1.00	Director	$680	$0	$680
DENNIS DOWNS	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	$123,132	$92,406	$1,333,905	$30,726
2023	$112,200	$71,201	$1,303,179	$40,999
2022	$128,484	$62,375	$1,262,180	$66,109
2021	$145,434	$71,290	$1,196,071	$74,144
2020	$92,904	$24,332	$1,121,927	$68,572
2019	$-140,514	$73,087	$1,053,355	$-213,601
2018	$132,199	$70,057	$1,266,955	$62,142