Lake Norman High School Band Boosters Association (EIN 651160821) - 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

2004

Legal Domicile

Phone

7046640284

Tax Period

2024-07-01 to 2025-06-30

Lake Norman High School Band Boosters Association, founded in 2004, is a small nonprofit in the Education sector that reported $115K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $108K left a modest 6% surplus.

Mission

The Lake Norman High School Band Boosters help provide funds and support for the Schools Band to assist with its participation in Camps, Shows, and Football Games.

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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 (2024)

Revenue Breakdown

Contributions & Grants $25,467

Program Service Revenue $51,376

Investment Income $6,548

Other Revenue $32,063

TOTAL REVENUE $115,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,194

Program Expenses $104,009

Other Expenses $108,045

TOTAL EXPENSES $108,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,454	$130,612	-0.1%
Expenses	$108,045	$88,490	+0.2%
Net Income	$7,409	$42,122	-0.8%

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

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
Amy McBride	President	4.00	Officer	$0	$0	$0
Emily Kokotovic	Vice President	4.00	Officer	$0	$0	$0
Barbara Bobbie Hesketh	Treasurer	4.00	Officer	$0	$0	$0
Lindsey Berry	Secretary	4.00	Officer	$0	$0	$0
Rebecca Carroll	Communications	4.00	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	$115,454	$108,045	$91,836	$7,409
2024	$130,612	$88,490	$84,427	$42,122
2023	$75,242	$73,599	$42,205	$1,643
2022	$69,039	$54,309	$40,562	$14,730
2021	$63,958	$65,591	$25,832	$-1,633
2020	$53,961	$52,688	$27,465	$1,273
2019	$28,048	$31,160	$26,192	$-3,112

Lake Norman High School Band Boosters Association