MEDIA FINANCIAL MANAGEMENT ASSOCIA… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

Joseph Annotti

Phone

8477167000

Tax Period

2023-10-01 to 2024-09-30

MEDIA FINANCIAL MANAGEMENT ASSOCIATION, founded in 1961, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 13% surplus.

Mission

MFM provides media and entertainment industry financial professionals unique networking and educational opportunities and media-specific information services to enhance their personal capabilities and contribute to their organizations success.

Program Service Accomplishments

Program 1

An annual convention of membership and industry people 288 paid attendees and 182 additional attendees comprised of speakers, sponsors, exhibitors and guests participated in the 2023 conference.

Program 2

The association produces and distributes a weekly electronic newsletter, MFM SmartBrief, to all members of the organization. The association, on conjunction with MediaVillage, produces and...

The association produces and distributes a weekly electronic newsletter, MFM SmartBrief, to all members of the organization. The association, on conjunction with MediaVillage, produces and distributes a digital magazine, MFMInSites.com, to all members of the organization.

Program 3

Other industry and membership services: webinars on topics related specifically to media and entertainment industry financial professionals and that offer CPE credits; Member Networks organized by...

Other industry and membership services: webinars on topics related specifically to media and entertainment industry financial professionals and that offer CPE credits; Member Networks organized by financial discipline and industry sector that facilitate knowledge sharing and information exchanges; regional meetings on industry trends and finance and accounting updates; a membership directory to facilitate networking.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,262,068

Investment Income $13

Other Revenue $7,710

TOTAL REVENUE $1,269,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,105,403

TOTAL EXPENSES $1,105,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,269,791	$1,275,965	0.0%
Expenses	$1,105,403	$1,430,717	-0.2%
Net Income	$164,388	$-154,752	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

250

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
Lori Locke	Chairman	0.50	Officer Director	$0	$0	$0
Marie Tedesco	VICE CHAIR	0.50	Officer Director	$0	$0	$0
Ryan Laninga	Imed Past Chair	0.50	Officer Director	$0	$0	$0
Elizabeth Bramowski	Treasurer	0.50	Officer Director	$0	$0	$0
Dave Bestler	Imed Past Chair	0.50	Officer Director	$0	$0	$0
Lori Brock	Director	0.50	Director	$0	$0	$0
Matt Deprey	Director	0.50	Director	$0	$0	$0
Joe Hanratty	Director	0.50	Director	$0	$0	$0
Stan Herriott	Director	0.50	Director	$0	$0	$0
Daniel Perschke	Director	0.50	Director	$0	$0	$0
Kevin Schmitz	Director	0.50	Director	$0	$0	$0
Kerry Coffey	Director	0.50	Director	$0	$0	$0
Daniel Gallagher	Director	0.50	Director	$0	$0	$0
Steve Hall	Director	0.50	Director	$0	$0	$0
Randy Neff	Director	0.50	Director	$0	$0	$0
Sean Piche	Director	0.50	Director	$0	$0	$0
Stacy Alban	Director	0.50	Director	$0	$0	$0
Karin Bleiler	Director	0.50	Director	$0	$0	$0
Virginia Hernandez	Director	0.50	Director	$0	$0	$0
Sean Hetzler	Director	0.50	Director	$0	$0	$0
David Wurtzel	Director	0.50	Director	$0	$0	$0
Joseph Annotti	President & CEO	40.00	Officer Director	$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	$1,269,791	$1,105,403	$631,375	$164,388
2023	$1,275,965	$1,430,717	$427,041	$-154,752
2022	$1,183,881	$1,123,855	$572,136	$60,026
2021	$969,247	$897,738	$582,541	$71,509
2020	$907,253	$906,589	$518,904	$664
2019	$1,290,879	$1,322,874	$455,852	$-31,995
2018	$1,357,090	$1,313,013	$489,421	$44,077

MEDIA FINANCIAL MANAGEMENT ASSOCIATION