WEST ROWAN MIDDLE SCHOOL BANDS

EIN: 475606680 501(c)(3)

SALISBURY, NC

Total Revenue
$57,478
Total Expenses
$63,328
Total Assets
N/A
Net Assets
N/A
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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
NC
Principal Officer
KIM PARSONS
Phone
7046334775
Tax Period
2021-07-01 to 2022-06-30

WEST ROWAN MIDDLE SCHOOL BANDS, founded in 2015, is a micro nonprofit that reported $57K in total revenue in fiscal year 2021. Expenses of $63K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROMOTE AND ENCOURAGE COMMUNITY AND AREA SUPPORT OF THE WEST ROWAN MIDDLE SCHOOL 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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $57,478
TOTAL REVENUE $57,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $62,873
Other Expenses $63,328
TOTAL EXPENSES $63,328

Year-over-Year Comparison

2021 2020 Change
Revenue $57,478 N/A N/A
Expenses $63,328 $10,005 +5.3%
Net Income $-5,850 $-10,005 -0.4%
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

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Governance

Voting Members
N/A
Independent Members
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHAN BOWMAN BAND DIRECTO N/A
Director
$0 $0 $0
KIM PARSONS PRESIDENT N/A
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 $57,478 $63,328 No data $-5,850
2021 No data $10,005 $6,672 No data
2019 $62,884 $83,703 $5,274 $-20,819
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