Corbin High School Band Boosters Inc (EIN 611148562) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

Brittany Gilliam

Phone

6065283902

Tax Period

2023-07-01 to 2024-06-30

Corbin High School Band Boosters Inc, founded in 1989, is a micro nonprofit in the Education sector that reported $14K in total revenue in fiscal year 2023. Revenue surged 250% from the prior year, signaling strong growth momentum. Expenses of $18K exceeded revenue, resulting in a 28% operating deficit.

Mission

To support the Corbin High School Band Program.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $13,956

TOTAL REVENUE $13,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,877

Other Expenses $17,877

TOTAL EXPENSES $17,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,956	$3,990	+2.5%
Expenses	$17,877	$2,151	+7.3%
Net Income	$-3,921	$1,839	-3.1%

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

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
Amanda Smith	President	20.00	Officer	$0	$0	$0
Aireale Yoste	VP - Fundraising	5.00	Officer	$0	$0	$0
Jessica Long	Secretary	5.00	Officer	$0	$0	$0
Ashley Wilson	VP - Concessions	5.00	Officer	$0	$0	$0
Brittany Gilliam	Treasurer	5.00	Officer	$0	$0	$0
Michael Bloomingberg	Asst. Treasurer	5.00	Officer	$0	$0	$0
Karen Bloomingberg	VP - Hospitality/Food	5.00	Officer	$0	$0	$0
Andrew Long	Tech	0.00	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
2025	No data	No data	No data	No data
2024	$13,956	$17,877	$15,680	$-3,921
2023	$3,990	$2,151	$19,601	$1,839
2022	$33,915	$37,708	$17,762	$-3,793
2021	$29,882	$30,040	$21,555	$-158
2020	$46,829	$46,328	$21,713	$501
2019	$54,067	$56,741	$21,212	$-2,674

Corbin High School Band Boosters Inc