Lake Highlands Highlandettes Paren… - 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

1982

Legal Domicile

Principal Officer

Julie Brookover

Phone

4695931000

Tax Period

2020-05-01 to 2021-04-30

Lake Highlands Highlandettes Parents Association, founded in 1982, is a micro nonprofit in the Youth Development sector that reported $57K in total revenue in fiscal year 2020. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $50K left a modest 11% surplus.

Mission

THE MISSION OF THE HIGHLANDETTE BOOSTER CLUB SHALL BE TO SUCCESSFULLY CONDUCT ACTIVITIES THAT PROMOTE LEADERSHIP AND DEVELOPMENT OPPORTUNITIES FOR STUDENTS BY FACILITATING THE LAKE HIGHLANDS HIGH SCHOOL (LHHS) DRILL TEAM IN THE ACCOMPLISHMENT OF ITS OBJECTIVES, WHICH INCLUDE ENHANCING INDIVIDUAL TEAM MEMBERS TECHNICAL DANCE TRAINING; CONCENTRATING ON DISCIPLINE, FITNESS AND PERFORMANCE PRECISION, AS WELL AS PERSONAL DEVELOPMENT, INCLUDING GOOD CHARACTER, LEADERSHIP, ACCOUNTABILITY AND SELF-RELIANCE. THE HIGHLANDETTE BOOSTER CLUB ALSO AIMS TO PROVIDE OPPORTUNITIES AND THE VENUE FOR THE LHHS DRILL TEAM TO COMPETE IN DANCE COMPETITIONS AND TO REPRESENT LHHS IN PERFORMANCES THROUGHOUT THE COMMUNITY, NATIONALLY, AND INTERNATIONALLY. SERVICES AND ACTIVITIES OF THE HIGHLANDETTE BOOSTER CLUB INCLUDE, BUT ARE NOT LIMITED TO, THE RAISING OF FUNDS, THE ISSUING OF FUNDS RAISED FOR EXPENSES INCURRED, ASSISTING THE LHHS DRILL TEAM DIRECTOR IN HER DUTIES AND IN THE PROMOTION OF THE LAKE HIGHLANDS HIG

Program Service Accomplishments

Program 1

Expenses: $11,120 Revenue: $8,688

Revue (show) The Highlandettes produce a Spring Show each year called "REVUE" where the Highlandettes perform all of their competition dances along with other 'Revue-themed' dances, including solos from the Drill team Captain & 1st Lieutenant. The Highlandettes receive Revenue through tickets sales to the general public as well as advertising revenue from local businesses who advertise in the Revue "Program" that is given out to spectators who come watch the Show.

Program 2

Expenses: $76 Revenue: $1,121

Dancing with the Dettes (DWD) Dancing with the Dettes is a twice/year event where mostly elementary-aged school children in the community pay the organization to "dance with the Highladettes" all...

Dancing with the Dettes (DWD) Dancing with the Dettes is a twice/year event where mostly elementary-aged school children in the community pay the organization to "dance with the Highladettes" all day. DWD is generally offered once a semester on a 'teacher-in service' day where there is no school. Fall DWD Participants get to perform on the football field with the Highlandettes, while spring dwd participants are invited to perform a dance for REVUE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $8,927

Program Service Revenue $9,809

Investment Income $13

Other Revenue $37,798

TOTAL REVENUE $56,547

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,071

Other Expenses $45,715

TOTAL EXPENSES $50,215

Year-over-Year Comparison

	2020	2019	Change
Revenue	$56,547	$113,248	-0.5%
Expenses	$50,215	$103,232	-0.5%
Net Income	$6,332	$10,016	-0.4%

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
Heather Cole	President	10.0	Officer Director	$0	$0	$0
Erin Foley	1st VP, President Elect	2.0	Officer Director	$0	$0	$0
Emily Hoppers	2nd VP, Fundraising	15.0	Officer Director	$0	$0	$0
Julie Brookover	Treasurer	15.0	Officer Director	$0	$0	$0
Kerry Smith	Secretary	5.0	Officer Director	$0	$0	$0
Susan Norman	Captain Mom	15.0	Director	$0	$0	$0
Kerri Stone	1st Lieutenant Mom	10.0	Director	$0	$0	$0
Cary Woodall	Senior Lieutenant Mom	8.0	Director	$0	$0	$0
Debby Murphy	Senior Lieutenant Mom	8.0	Director	$0	$0	$0
Jenni Tabor	Junior Lieutenant Mom	8.0	Director	$0	$0	$0
Amy Moseley	Soco President Mom	10.0	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
2021	$56,547	$50,215	$72,002	$6,332
2020	$113,248	$103,232	$78,847	$10,016
2019	$115,264	$113,021	$57,778	$2,243
2018	$100,044	$104,703	$60,577	$-4,659

Lake Highlands Highlandettes Parents Association