INDIAN LAKE MUSIC BOOSTERS AND SUPP (EIN 851556516) - 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

2020

Legal Domicile

Phone

4193038967

Tax Period

2024-01-01 to 2024-12-31

INDIAN LAKE MUSIC BOOSTERS AND SUPP, founded in 2020, is a micro nonprofit in the Education sector that reported $83K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $108K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO MAKE BEING INVOLVED IN BAND AND MUSIC PROGRAMS AFFORDABLE BY PROVIDING ADDITIONAL FUNDS TO THE SCHOOLS MUSIC PROGRAM TO PURCHASE MUSIC AND INSTURMENTS

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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 $62,480

Program Service Revenue $0

Investment Income $0

Other Revenue $20,547

TOTAL REVENUE $83,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,516

Other Expenses $108,362

TOTAL EXPENSES $108,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,027	$53,438	+0.6%
Expenses	$108,362	$47,059	+1.3%
Net Income	$-25,335	$6,379	-5.0%

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
COLLEEN MARTINI	PRESIDENT	1.00	Officer	$0	$0	$0
ERIN STINEBAUGH	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MELANIE BARNES	SECRETARY	2.00	Officer	$0	$0	$0
DANNE MARTEL	TREASURER	2.00	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
2024	$83,027	$108,362	$24,902	$-25,335
2023	$53,438	$47,059	$50,237	$6,379
2022	$73,135	$71,861	$43,858	$1,274
2021	$49,406	$6,822	$42,584	$42,584
2020	No data	No data	No data	No data

INDIAN LAKE MUSIC BOOSTERS AND SUPP