Monacan Band Boosters

Nonprofit profile at a glance

EIN: 541589966
IRS 990-EZ coverage: 2018–2024
Forms available: Form 990-EZ 2024
Location: Richmond, VA, USA
Rating: 44
Verdict: MIXED
Rating confidence: Moderate
Sector: Music Groups, Bands, Ensembles

Reported finances

Revenue: $87,937
Expenses: $79,850
Assets: $71,320

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

Ralph Novak (President)
Tin Nguyen (Vice President)

People named in this filing

Ralph Novak (President)
Tin Nguyen (Vice President)
Kat Arguello (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide support, both moral and financial to the Monacan High School marching band

What it reported doing in 2024

To provide financial support to allow all band students to participate in any special event whether it be parades, general performances, competitions, or special activities.

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

Financial Efficiency: 2
Transparency & Controls: 100
Sustainability: 48
Growth: 20

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 2.2%; rating input score 2
Program expense ratio: 2.4%; rating input score 2

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 9.2%; rating input score 61; 61st percentile among comparable filings
Total-asset coverage ratio: 0.89; rating input score 43; 43rd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -45.3% per year; rating input score 0; 9th percentile among comparable filings
Revenue growth: -6.6% per year; rating input score 0; 30th percentile among comparable filings
Asset growth: 12.9% per year; rating input score 100; 78th percentile among comparable filings

Details

Where the money goes: 2.2% of revenue deployed · 2.4% of spending went to programs
Governance: Filed governance answers
Accomplishments: 3 filed program accomplishments · $2K in reported program spending
Leadership: top reported pay $0 · 4 people listed
Consistency: 6 of 7 current checks pass · 1 finding to review
Schedules: 4 filed schedules
Filing history: 5 filing years from 2018 to 2024
Contacts: How to reach this organization
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Financial Efficiency: Mission deployment rate scored 2/100.
High — Financial Efficiency: Program expense ratio scored 2/100.
Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
Review — Sustainability: Officer compensation ratio scored 56/100.