HOMESTEAD HIGH SCHOOL MUSIC BOOSTERS (EIN 770341030) - 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

1998

Legal Domicile

Principal Officer

Kirsten Krimsley

Phone

4085071590

Tax Period

2023-07-01 to 2024-06-30

HOMESTEAD HIGH SCHOOL MUSIC BOOSTERS, founded in 1998, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 37% operating deficit.

Mission

To support, encourage and promote the activities of Homestead High School music program to include but not limited to Choir(s), Music Class(es), the Orchestra, Jazz Band, Wind Ensemble, Symphonic Band, Marching Band, and Auxiliary and Color Guard

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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 $161,436

Program Service Revenue $888,253

Investment Income $4,543

Other Revenue $0

TOTAL REVENUE $1,054,232

Expense Breakdown

Grants Paid $36,229

Salaries & Benefits $0

Fundraising Expenses $12,141

Program Expenses $1,388,549

Other Expenses $1,407,110

TOTAL EXPENSES $1,443,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,054,232	$1,248,683	-0.2%
Expenses	$1,443,339	$861,684	+0.7%
Net Income	$-389,107	$386,999	-2.0%

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
Kirsten Krimsley	President	1	Officer Director	$0	$0	$0
Jeff Kamradt	Vice President	1	Officer Director	$0	$0	$0
Marites Smith	Co-Treasurer	5	Officer Director	$0	$0	$0
Keith Steel	Treasurer	5	Officer Director	$0	$0	$0
Ashley Zhang	Co-Treasurer	5	Officer Director	$0	$0	$0
Sherry Ger	Secretary	1	Officer Director	$0	$0	$0
Sandy Holquin	Director	1	Director	$0	$0	$0
Tricia Cheng	Director	1.00	Director	$0	$0	$0
Angeles Elizondo	Director	1.00	Director	$0	$0	$0
Dave Krimsley	Director	1.00	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
2025	No data	No data	No data	No data
2024	$1,054,232	$1,443,339	$434,372	$-389,107
2023	$1,248,683	$861,684	$796,505	$386,999
2022	$550,780	$467,532	$393,222	$83,248
2021	$116,703	$192,458	$302,993	$-75,755

HOMESTEAD HIGH SCHOOL MUSIC BOOSTERS