AUDIO PUBLISHERS ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $527,621

PUBLIC RELATIONS AND COMMUNICATIONS EFFORTS FOR THE PURPOSE OF WIDENING THE AWARENESS OF AUDIOBOOKS. SPEAKING ENGAGEMENTS AT TRADE SHOWS TO HEIGHTEN AWARENESS OF SPOKEN WORD AUDIO. RESEARCH TO...

PUBLIC RELATIONS AND COMMUNICATIONS EFFORTS FOR THE PURPOSE OF WIDENING THE AWARENESS OF AUDIOBOOKS. SPEAKING ENGAGEMENTS AT TRADE SHOWS TO HEIGHTEN AWARENESS OF SPOKEN WORD AUDIO. RESEARCH TO DETERMINE SIZE OF AUDIOBOOK MARKET ALONG WITH IMPACT ON AUDIO IN EDUCATION AND RECREATION.

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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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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