Bassett Virginia Band Boosters Inc

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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

2017

Legal Domicile

Principal Officer

Stephanie Wray

Phone

2767327749

Tax Period

2023-07-01 to 2024-06-30

Bassett Virginia Band Boosters Inc, founded in 2017, is a small nonprofit in the Education sector that reported $192K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

The boosters shall provide fundraising and other support methods to fully fund the Bassett High School Band and Music programs.

Program Service Accomplishments

Program 1

Expenses: $52,789 Revenue: $0

Funded Travel Costs

Program 2

Expenses: $67,793 Revenue: $0

Purchased Supplies

Program 3

Expenses: $35,766 Revenue: $0

Paid Clinicians

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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 $82,435

Program Service Revenue $30,131

Investment Income $2,700

Other Revenue $77,202

TOTAL REVENUE $192,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,766

Fundraising Expenses $0

Program Expenses $196,030

Other Expenses $168,147

TOTAL EXPENSES $203,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,468	$212,766	-0.1%
Expenses	$203,913	$166,892	+0.2%
Net Income	$-11,445	$45,874	-1.2%

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
Eric Wray	President	4	Officer	$0	$0	$0
JILL FREDERICHS	Secretary	4	Officer	$0	$0	$0
Stephanie Wray	Treasurer	4	Officer	$0	$0	$0
Letrevia Mcdonald	Vice President	4	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	$192,468	$203,913	$61,558	$-11,445
2023	$212,766	$166,892	$115,943	$45,874
2018	$201,470	$194,618	$25,194	$6,852
2017	$244,894	$253,064	$2,808	$-8,170