MERIDIAN HIGH BAND BOOSTERS INC FU… - 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

1977

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

MERIDIAN HIGH BAND BOOSTERS INC FUND, founded in 1977, is a micro nonprofit in the Education sector that reported $53K in total revenue in fiscal year 2022. Revenue surged 404% from the prior year, signaling strong growth momentum.

Mission

SUPPORT PUBLIC SCHOOL BAND.

Program Service Accomplishments

Program 1

Expenses: $27,633 Revenue: $53,375

THE MERIDIAN HIGH BAND BOOSTERS SUPPORTS THE BAND FOR THE PUBLIC HIGH SCHOOL IN MERIDIAN, MS. THE ORGANIZATION MAKES IT POSSIBLE FOR SOME NEEDY STUDENTS TO HAVE UNIFORMS AND EQUIPMENT, AID THE BAND IN ATTENDING BAND CAMPS AND FESTIVALS TO INCREASE THE SKILLS OF THE MEMBERS, AND OTHER ACTIVITIES FOR THE BAND.

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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 (2022)

Revenue Breakdown

Contributions & Grants $53,374

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $53,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $24,522

Program Expenses $27,633

Other Expenses $53,224

TOTAL EXPENSES $53,224

Year-over-Year Comparison

	2022	2021	Change
Revenue	$53,375	$10,592	+4.0%
Expenses	$53,224	$10,693	+4.0%
Net Income	$151	$-101	-2.5%

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	Role	Reportable Comp	Other Comp	Total
SHANESHA TURNER	TREASURER	Officer	$0	$0	$0
SYLVIA YATES	SECRETARY	Officer	$0	$0	$0
VERNON V JOHNSON III	THIRD VICE PRESIDENT	Officer	$0	$0	$0
CHIKETA MCCLENDON	PRESIDENT	Officer	$0	$0	$0
MICHAELA HARRINGTON	VICE PRESIDENT	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
2023	$53,375	$53,224	$18,851	$151
2022	$10,592	$10,693	$18,700	$-101
2021	$11,298	$5,517	$18,801	$5,781
2020	$18,373	$16,464	$13,020	$1,909
2019	$16,231	$14,450	$11,111	$1,781

MERIDIAN HIGH BAND BOOSTERS INC FUND