HOPKINS HIGH SCHOOL BAND BOOSTERS … - 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

2009

Legal Domicile

Principal Officer

LAURIE MCNEILL

Phone

9529884500

Tax Period

2021-07-01 to 2022-06-30

HOPKINS HIGH SCHOOL BAND BOOSTERS ASSOCIATION, founded in 2009, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2021. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $21K exceeded revenue, resulting in a 31% operating deficit.

Mission

To support & promote the Hopkins High School Band Program at Hopkins High School in Minnetonka, MN. This is accomplished through fundraising events and parent volunteer participation

Program Service Accomplishments

Program 1

Expenses: $13,322

The boosters pay for various expenses of the band such as music, uniforms, trip expenses. A Banquet is held annually at school at the end of the school year to celebrate the awards of the Hopkins...

The boosters pay for various expenses of the band such as music, uniforms, trip expenses. A Banquet is held annually at school at the end of the school year to celebrate the awards of the Hopkins High School band program and students.

Program 2

Expenses: $5,818 Revenue: $1,000

LMPM Pep Band Program - donation and events from Band Program mostly support the football and baskeball pep band

Program 3

Miscellaneous expenses for clinicians and scholarships - not provided this year because of Covid

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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 $5,109

Program Service Revenue $0

Investment Income $0

Other Revenue $10,827

TOTAL REVENUE $15,936

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,140

Other Expenses $19,839

TOTAL EXPENSES $20,839

Year-over-Year Comparison

	2021	2020	Change
Revenue	$15,936	$7,685	+1.1%
Expenses	$20,839	$2,298	+8.1%
Net Income	$-4,903	$5,387	-1.9%

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

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
NANCY WIGLEY	PRESIDENT	2	Officer Director	$0	$0	$0
LAURIE MCNEILL	TREASURER	1	Officer Director	$0	$0	$0
JOYCE KURUS	SECRETARY	1	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
2022	$15,936	$20,839	$29,970	$-4,903
2021	$7,685	$2,298	$29,486	$5,387
2020	$18,211	$12,843	$26,149	$5,368
2019	$18,081	$13,029	$20,781	$5,052

HOPKINS HIGH SCHOOL BAND BOOSTERS ASSOCIATION