Freedom High Band Boosters Inc

EIN: 833055645 501(c)(3)

Morganton, NC

Total Revenue
$215,271
Total Expenses
$194,668
Total Assets
$34,373
Net Assets
$34,373
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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
2019
Legal Domicile
NC
Principal Officer
Jonathan Chesson
Phone
8284384295
Tax Period
2022-07-01 to 2023-06-30

Freedom High Band Boosters Inc, founded in 2019, is a small nonprofit that reported $215K in total revenue in fiscal year 2022. Revenue surged 251% from the prior year, signaling strong growth momentum. Expenses of $195K left a modest 10% surplus.

Mission

The purpose of the organization is to support the students, parents, staff, and teachers of the Freedom High Band Programs by recruiting volunteers, raising funds, and conducting events.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $4,217
Program Service Revenue $176,709
Investment Income $0
Other Revenue $34,345
TOTAL REVENUE $215,271

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,109
Fundraising Expenses $0
Program Expenses $183,547
Other Expenses $189,559
TOTAL EXPENSES $194,668

Year-over-Year Comparison

2022 2021 Change
Revenue $215,271 $61,285 +2.5%
Expenses $194,668 N/A N/A
Net Income $20,603 $61,285 -0.7%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jonathan Chesson Director of Bands 60
Officer
$0 $0 $0
April Buchanan President 10
Officer
$0 $0 $0
Laura Chatham Vice President 0
Officer
$0 $0 $0
Secretary Tiffany Carter 1
Officer
$0 $0 $0
Michelle McCurry Treasurer 0
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 $215,271 $194,668 $34,373 $20,603
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