Chad,
If I understand correctly, you're not doing this the "Meteor Way."
I think you want to do this test as you loop through your data context... so in the template:
{{#each mydataContext}}
<p> <a class="js-indicator {{followsIndicator}}" data-id="{{key}}">{{name}}</a> </p>
{{/each}}
Then in the helpers:
Template.mytemplate.helpers({
mydataContext: function(){
return myCollection.find();
},
followsIndicator: function(){
var keyToTest = this.key;
var valToTest = this.value
//run query with values here.
}
})