BMI FOUNDATION INC

🔒

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

1985

Legal Domicile

Principal Officer

DEIRDRE CHADWICK

Phone

2122203175

Tax Period

2024-01-01 to 2024-12-31

BMI FOUNDATION INC, founded in 1985, is a small nonprofit that reported $607K in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $206K, a strong 34% operating margin.

Mission

BMI FOUNDATION, INC. ISSUES GRANTS AFTER CONSIDERATION BY AN ADVISORY PANEL TO ORGANIZATIONS AND INDIVIDUALS REQUESTING ASSISTANCE FOR MUSIC-RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $263,709

THE FOUNDATION PROVIDES GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN THE FIELD OF MUSIC INCLUDING BUT NOT LIMITED TO EDUCATIONAL PROJECTS, THE PRESERVATION OF THE INDIGENOUS AMERICAN JAZZ AND BLUES...

THE FOUNDATION PROVIDES GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN THE FIELD OF MUSIC INCLUDING BUT NOT LIMITED TO EDUCATIONAL PROJECTS, THE PRESERVATION OF THE INDIGENOUS AMERICAN JAZZ AND BLUES FORMS, AND THE CREATION AND EXPOSURE TO AUDIENCES OF CONTEMPORARY MUSIC, PARTICULARLY IN THE AREAS OF CONCERT AND OPERATIC MUSIC, JAZZ, AND MUSICAL THEATRE.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $401,866

Program Service Revenue $0

Investment Income $202,384

Other Revenue $3,051

TOTAL REVENUE $607,301

Expense Breakdown

Grants Paid $253,085

Salaries & Benefits $97,964

Fundraising Expenses $0

Program Expenses $263,709

Other Expenses $50,150

TOTAL EXPENSES $401,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$607,301	$231,691	+1.6%
Expenses	$401,199	$400,993	+0.0%
Net Income	$206,102	$-169,302	-2.2%

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

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
DEIRDRE CHADWICK	PRESIDENT	5.00	Officer Director	$0	$0	$0
SAMANTHA COX	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN COLEMAN	TREASURER	2.00	Officer Director	$0	$0	$0
CLAY BRADLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM WELLS	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
LUCIANA SOUZA	TRUSTEE	1.00	Director	$0	$0	$0
COREY FIELD	TRUSTEE	1.00	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	No data	No data	No data	No data
2024	$607,301	$401,199	$3,072,593	$206,102
2023	$231,691	$400,993	$2,800,024	$-169,302
2022	$392,464	$394,852	$2,672,117	$-2,388
2021	$326,418	$412,909	$3,242,347	$-86,491
2020	$325,719	$343,838	$3,125,484	$-18,119
2019	$338,717	$328,065	$2,707,041	$10,652
2018	$668,273	$335,957	$2,706,389	$332,316