WOODHAVEN BAND BOOSTERS

EIN: 452343023 501(c)(3) Community Improvement

Woodhaven, MI

Total Revenue
$137,910
Total Expenses
$110,432
Total Assets
$27,478
Net Assets
$27,478
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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
2011
Legal Domicile
MI
Principal Officer
Rick Briggs
Phone
7346730873
Tax Period
2021-07-01 to 2022-06-30

WOODHAVEN BAND BOOSTERS, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $138K in total revenue in fiscal year 2021. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 20% operating margin.

Mission

The purpose of the organization is to raise money to support the Woodhaven High School Band Program.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $115,734
Program Service Revenue $0
Investment Income $0
Other Revenue $22,176
TOTAL REVENUE $137,910

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $14,876
Program Expenses $95,556
Other Expenses $110,432
TOTAL EXPENSES $110,432

Year-over-Year Comparison

2021 2020 Change
Revenue $137,910 $72,956 +0.9%
Expenses $110,432 $38,112 +1.9%
Net Income $27,478 $34,844 -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

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Governance

Voting Members
39
Independent Members
39
Employees
N/A
Volunteers
100

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tina Briggs President 10
Officer
$0 $0 $0
Stacie Higby Vice President 10
Officer
$0 $0 $0
Michelle Sterbenz Secretary 5
Officer
$0 $0 $0
Rick Briggs Treasurer 10
Officer
$0 $0 $0
Tonya Ford Member at Large 5
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
2022 $137,910 $110,432 $27,478 $27,478
2021 $72,956 $38,112 $34,844 $34,844
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