HASTINGS BAND BOOSTERS INC (EIN 462948497) - 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

2018

Legal Domicile

Principal Officer

DAVIS SOLMES

Phone

2698388106

Tax Period

2024-07-01 to 2025-06-30

HASTINGS BAND BOOSTERS INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 21% operating margin.

Mission

THE HASTINGS BAND BOOSTERS PROVIDES SCHOLARSHIPS TO MUSIC CAMPS AND FUNDS TRIPS AND EXTRACURICULAR ACTIVITIES FOR THE HASTINGS AREA SCHOOLS BAND STUDENTS AS WELL AS ASSISTING WITH INSTRUMENT AND EQUIPMENT NEEDS TO SUPPORT THE HASTINGS AREA SCHOOLS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,758

Program Service Revenue $155,959

Investment Income $525

Other Revenue $35,321

TOTAL REVENUE $206,563

Expense Breakdown

Grants Paid $8,552

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,174

Other Expenses $154,491

TOTAL EXPENSES $163,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,563	$114,380	+0.8%
Expenses	$163,043	$235,990	-0.3%
Net Income	$43,520	$-121,610	-1.4%

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
JEFF BUEHL	DIRECTOR	2.00	Director	$0	$0	$0
BECKY RAMEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
MATT HAYWOOD	DIRECTOR	2.00	Director	$0	$0	$0
STACEY MARTIN	VICE PRESIDENT	2.00	Director	$0	$0	$0
CHRISTOPHER STAFFORD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SOLMES	TREASURER	10.00	Officer Director	$0	$0	$0
CRAIG HOLEY	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE CARL	SECRETARY	2.00	Officer Director	$0	$0	$0
DARCI OWEN	DIRECTOR	2.00	Director	$0	$0	$0
JASON LINDSEY	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA ABSON	DIRECTOR	2.00	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
2025	$206,563	$163,043	$136,280	$43,520
2024	$114,380	$235,990	$103,804	$-121,610
2023	$240,441	$132,169	$222,146	$108,272
2022	$264,607	$263,012	$118,420	$1,595
2020	$65,423	$107,631	$63,631	$-42,208
2019	$204,413	$159,812	$92,104	$44,601

HASTINGS BAND BOOSTERS INC