CITY OF FAIRFAX BAND ASSOCIATION INC (EIN 541651484) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

ERIC LINDBERG

Phone

7032980576

Tax Period

2023-07-01 to 2024-06-30

CITY OF FAIRFAX BAND ASSOCIATION INC, founded in 1969, is a small nonprofit in the Education sector that reported $234K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $110K, a strong 47% operating margin.

Mission

STIMULATE AND PROMOTE MUSICAL ENVIRONMENT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $178,331

Program Service Revenue $40,822

Investment Income $43,984

Other Revenue $0

TOTAL REVENUE $263,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,046

Fundraising Expenses $0

Program Expenses $136,180

Other Expenses $128,563

TOTAL EXPENSES $208,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,137	$221,507	+0.2%
Expenses	$208,609	$261,666	-0.2%
Net Income	$54,528	$-40,159	-2.4%

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

Volunteers

200

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

$32,500

Total Directors

$35,435

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC LINDBERG	PRESIDENT	5.00	Director	$0	$0	$0
ALAN CHRISTENSEN	VICE PRESIDENT	5.00	Director	$0	$0	$0
RUTH BANDLER	SECRETARY	5.00	Director	$0	$0	$0
BRIAN COLE	TREASURER	5.00	Director	$0	$0	$0
CAREY JOHNSTON	MARKETING AND PUBLIC RELATIONS COORDINATOR	5.00	Director	$0	$0	$0
ROBERT POULIOT	MUSIC DIRECTOR	10.00	Director	$20,000	$0	$20,000
RICK PARRELL	ASSOCIATE CONDUCTOR	10.00	Director	$15,435	$0	$15,435
JOANN AZZARELLO	DEVELOPMENT CHAIR & CFB ENSEMBLE REPRESENTATIVE	5.00	Director	$0	$0	$0
PAM HERBERT	MSCB ENSEMBLE REPRESENTATIVE	5.00	Director	$0	$0	$0
JENNIFER SORGATZ	SMALL ENSEMBLE REPRESENTATIVE	5.00	Director	$0	$0	$0
JEAN-PIERRE AUFFRET	DIRECTOR-AT-LARGE,CHAIR	5.00	Director	$0	$0	$0
ANNE BOLGER	DIRECTOR-AT-LARGE	5.00	Director	$0	$0	$0
DAVID BULOVA	DIRECTOR-AT-LARGE	5.00	Director	$0	$0	$0
JAE KIM	DIRECTOR-AT-LARGE	5.00	Director	$0	$0	$0
MICHAEL NICKENS	DIRECTOR-AT-LARGE	5.00	Director	$0	$0	$0
ELLIE SCHMIDT	DIRECTOR-AT-LARGE	5.00	Director	$0	$0	$0
JON STEHLE	DIRECTOR-AT-LARGE	5.00	Director	$0	$0	$0
NICOLE POWLSON	MANAGING DIRECTOR	10.00	Officer	$32,500	$0	$32,500

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	No data	No data	No data	No data
2024	$263,137	$208,609	$719,533	$54,528
2023	$221,507	$261,666	$686,512	$-40,159
2022	$196,078	$185,638	$679,778	$10,440
2021	$233,974	$123,516	$679,587	$110,458

CITY OF FAIRFAX BAND ASSOCIATION INC