Independence High School Band Boos… - 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

2015

Legal Domicile

Tax Period

2022-06-01 to 2023-05-31

Independence High School Band Booster Club, founded in 2015, is a small nonprofit in the Education sector that reported $238K in total revenue in fiscal year 2022. The organization ran a surplus of $67K, a strong 28% operating margin.

Mission

Support the Music Program of Independence High School Band Students in Frisco Texas.

Program Service Accomplishments

Program 1

Expenses: $60,023

Fall Marching Show development, training and related costs of performance

Program 2

Expenses: $44,411 Revenue: $44,800

Performance Competition Travel and Scholarships for 150+ Students

Program 3

Expenses: $41,569

Student development, awards banquets and concert season performances

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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 (2022)

Revenue Breakdown

Contributions & Grants $237,634

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $17,466

Program Expenses $146,003

Other Expenses $171,055

TOTAL EXPENSES $171,055

Year-over-Year Comparison

	2022	2021	Change
Revenue	$237,634	N/A	N/A
Expenses	$171,055	N/A	N/A
Net Income	$66,579	N/A	N/A

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
Pareen Patel	Secretary	0.00	Officer	$0	$0	$0
Danielle Walker	CO-VP of Fundraising	0.00	Officer	$0	$0	$0
Sarah Wise	VP of Hospitality	0.00	Officer	$0	$0	$0
Katie Choy	VP of Communications	0.00	Officer	$0	$0	$0
Pam Stutler	CO-VP of Fundraising	0.00	Officer	$0	$0	$0
Marilyn Peebles	President	10.00	Officer	$0	$0	$0
Juanita Bourgalt	Treasurer	10.00	Officer	$0	$0	$0
Elyse Volpe	C0-VP of Volunteers	0.00	Officer	$0	$0	$0
Jennifer Savage	C0-VP of Volunteers	0.00	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
2023	$237,634	$171,055	$87,101	$66,579
2021	$97,097	$67,785	$37,284	$29,312

Independence High School Band Booster Club