WEST ROWAN MIDDLE SCHOOL BANDS

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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

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.

Program Service Accomplishments

Program 1

Expenses: $54,619

ACHIEVING EXCELLENT AND SUPERIOR SCORES AND RATINGS AT VARIOUS FESTIVAL AND CONTEST PERFORMANCES

Program 2

Expenses: $8,254

PROVIDING FINANCIAL ASSISTANCE FOR BAND RELATED EVENTS TO STUDENTS IN THE BAND PROGRAM BY OFFERING FUNDRAISING OPPORTUNITIES

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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