AUDIO PUBLISHERS ASSOCIATION

EIN: 133614862

NEW YORK, NY

Total Revenue
$949,090
Total Expenses
$875,087
Total Assets
$1,574,463
Net Assets
$1,066,766
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CA
Principal Officer
MICHELE COBB
Phone
9176530998
Tax Period
2024-01-01 to 2024-12-31

AUDIO PUBLISHERS ASSOCIATION, founded in 1987, is a small nonprofit that reported $949K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $875K left a modest 8% surplus.

Mission

TO INCREASE PUBLIC AWARENESS FOR THE AUDIOBOOK INDUSTRY BY ENGAGING IN ADVOCACY, EVENTS, NETWORKING, PUBLICITY EFFORTS, AND NATIONAL CONSUMER SURVEYS.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $327,114
Program Service Revenue $606,760
Investment Income $15,216
Other Revenue $0
TOTAL REVENUE $949,090

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,771
Fundraising Expenses $0
Program Expenses $527,621
Other Expenses $774,316
TOTAL EXPENSES $875,087

Year-over-Year Comparison

2024 2023 Change
Revenue $949,090 $1,196,281 -0.2%
Expenses $875,087 $1,181,273 -0.3%
Net Income $74,003 $15,008 +3.9%
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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
N/A

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
7
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLLEEN PRENDERGAST Director 1.00
Director
$0 $0 $0
ANA MARIA ALLESSI Director 1.00
Director
$0 $0 $0
LAUREN CANNAVINO Director 1.00
Director
$0 $0 $0
LORI BENTON Director 1.00
Director
$0 $0 $0
LAURA GACHKO Director 1.00
Director
$0 $0 $0
HEATHER FAIN Director 1.00
Director
$0 $0 $0
VICTORIA GERKEN Director 1.00
Director
$0 $0 $0
BRAD HILL Director 1.00
Director
$0 $0 $0
DAN ZITT Director 1.00
Director
$0 $0 $0
LEE A JARIT Treasurer 1.00
Officer
$0 $0 $0
ERIN BENNETT VP VOICE TALENT 1.00
Officer
$0 $0 $0
SAMANTHA EDELSON Vice President 1.00
Officer
$0 $0 $0
DANIELLE D'ORLANDO Secretary 1.00
Officer
$0 $0 $0
ERIC BARNETT VP MBR COMMUNIC 1.00
Officer
$0 $0 $0
SEAN MCMANUS President & CEO 1.00
Officer
$0 $0 $0
MICHELE COBB Executive Dir. 10.00
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
2024 $949,090 $875,087 $1,574,463 $74,003
2023 $1,196,281 $1,181,273 $1,439,528 $15,008
2022 $706,460 $636,071 $1,413,411 $70,389
2021 $699,462 $570,556 $1,273,582 $128,906
2020 $603,098 $545,801 $1,167,799 $57,297
2019 $682,721 $639,278 $1,063,878 $43,443
2018 $711,980 $713,002 $941,512 $-1,022
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