Independence High School Band Boosters Inc (EIN 853230227) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Lance Beahm

Phone

3018077115

Tax Period

2024-07-01 to 2025-06-30

Independence High School Band Boosters Inc, founded in 2020, is a small nonprofit in the Education sector that reported $178K in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 29% operating margin.

Mission

To support Independence High School Band and Color Guard programs by raising funds, recruiting volunteers, and holding events.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $148,668

Program Service Revenue $10,250

Investment Income $2,469

Other Revenue $16,317

TOTAL REVENUE $177,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,638

Other Expenses $126,690

TOTAL EXPENSES $126,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,704	$85,292	+1.1%
Expenses	$126,690	$66,145	+0.9%
Net Income	$51,014	$19,147	+1.7%

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

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	Role	Reportable Comp	Other Comp	Total
Omar Molina	President	Officer	$0	$0	$0
Lance Beahm	Treasurer	Officer	$0	$0	$0
Katie Schellhammer	Secretary	Officer	$0	$0	$0
David Harrington	Faculty Liaison Director	Officer	$0	$0	$0
Darcy Gurganous	Vice President of Fundraising	Officer	$0	$0	$0
Janet Tamassia	Vice President of Communications	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	$177,704	$126,690	$73,692	$51,014

Independence High School Band Boosters Inc