GRAFTON HIGH BAND PARENTS ASSOCIAT… - 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

2005

Legal Domicile

Principal Officer

ERICA RICHARDS

Phone

7576300344

Tax Period

2023-07-01 to 2024-06-30

GRAFTON HIGH BAND PARENTS ASSOCIATION, founded in 2005, is a small nonprofit in the Education sector that reported $213K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $185K left a modest 13% surplus.

Mission

TO SUPPORT GRAFTON HIGH SCHOOL BAND PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $152,230 Revenue: $0

BAND ACTIVITIES, MUSIC, AND SUPPORT PROVIDE OPPORTUNITES FOR OVER 200 STUDENTS TO EXPERIENCE MUSIC EDUCATION, MARCHING BAND, CONCERT BANDS, FESTIVALS AND COMPETITIONS AS PART OF THE GRAFTON HIGH...

BAND ACTIVITIES, MUSIC, AND SUPPORT PROVIDE OPPORTUNITES FOR OVER 200 STUDENTS TO EXPERIENCE MUSIC EDUCATION, MARCHING BAND, CONCERT BANDS, FESTIVALS AND COMPETITIONS AS PART OF THE GRAFTON HIGH SCHOOL VIRGINIA HONOR BAND.

Program 2

Expenses: $26,104 Revenue: $0

MAINTAIN THE INSTRUMENTS, EQUIPMENT, AND UNIFORMS USED BY THE STUDENTS IN THEIR MUSIC PROGRAM

Program 3

Expenses: $2,800 Revenue: $0

MUSIC LESSON SCHOLARSHIPS AWARDED TO SENIORS TO FURTHER THEIR MUSIC EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,765

Program Service Revenue $165,438

Investment Income $18

Other Revenue $42,870

TOTAL REVENUE $213,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $181,134

Other Expenses $185,038

TOTAL EXPENSES $185,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,091	$191,282	+0.1%
Expenses	$185,038	$215,368	-0.1%
Net Income	$28,053	$-24,086	-2.2%

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

144

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
ERICA RICHARDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TARA LEVERETT	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE FALLON	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY MCALLISTER	SECRETARY	1.00	Officer Director	$0	$0	$0
JILL MARLOWE	TREASURER	1.00	Officer 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	No data	No data	No data	No data
2024	$213,091	$185,038	$84,675	$28,053
2023	$191,282	$215,368	$58,423	$-24,086
2022	$159,326	$143,065	$82,427	$16,261
2021	$39,006	$36,803	$65,798	$2,203
2020	$177,571	$204,781	$63,594	$-27,210
2018	$199,909	$190,073	$98,860	$9,836

GRAFTON HIGH BAND PARENTS ASSOCIATION