THE PRODUCTION MUSIC ASSOCIATION I… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

ADAM TAYLOR

Phone

3234613211

Tax Period

2023-01-01 to 2023-12-31

THE PRODUCTION MUSIC ASSOCIATION INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $333K in total revenue in fiscal year 2023. The organization ran a surplus of $90K, a strong 27% operating margin.

Mission

PROMOTING AND PROTECTING THE INTERESTS OF THOSE INDIVIDUALS AND ENTITIES ENGAGED IN THE BUSINESS OF CREATING AND BENEFITING FROM PRODUCTION MUSIC

Program Service Accomplishments

Program 1

PROMOTING AND PROTECTING THE INTERESTS OF THOSE INDIVIDUALS AND ENTITIES ENGAGED IN THE BUSINESS OF CREATING AND BENEFITING FROM THE PRODUCTION OF MUSIC

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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 (2023)

Revenue Breakdown

Contributions & Grants $161,618

Program Service Revenue $0

Investment Income $11,232

Other Revenue $159,694

TOTAL REVENUE $332,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,130

Fundraising Expenses $0

Other Expenses $95,012

TOTAL EXPENSES $242,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,544	$308,773	+0.1%
Expenses	$242,142	$215,335	+0.1%
Net Income	$90,402	$93,438	0.0%

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

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

$136,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MORGAN MCKNIGHT	Executive Dir.	40.00	Officer	$136,410	$0	$136,410
JOSEPH SABA	Vice Chairman	2.00	Officer Director	$0	$0	$0
JOEL GOODMAN	Director	2.00	Director	$0	$0	$0
MARCIA KAUTZ	Treasurer	2.00	Officer Director	$0	$0	$0
EDWIN COX	Director	2.00	Director	$0	$0	$0
RON MENDELSOHN	Secretary	2.00	Officer Director	$0	$0	$0
JOHN CLIFFORD	Director	2.00	Director	$0	$0	$0
RANDY BERG-WACHTLER	Director	2.00	Director	$0	$0	$0
CASSANDRA LORD	Director	2.00	Director	$0	$0	$0
ADAM TAYLOR	Chairman	2.00	Officer Director	$0	$0	$0
BLAINE MCGOVERN	Director	2.00	Director	$0	$0	$0
BRIAN BRASHER	Director	2.00	Director	$0	$0	$0
ALAN LAZAR	Director	2.00	Director	$0	$0	$0
ANDREW GROSS	Director	2.00	Director	$0	$0	$0
ROB REALE	Director	2.00	Director	$0	$0	$0
MARTIN WEINERT	Director	2.00	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
2023	$332,544	$242,142	$355,841	$90,402
2022	$308,773	$215,335	$265,790	$93,438
2021	$224,617	$219,601	$170,388	$5,016
2020	$178,261	$197,404	$167,801	$-19,143
2019	$240,242	$153,271	$185,990	$86,971
2018	$196,707	$111,352	$102,001	$85,355

THE PRODUCTION MUSIC ASSOCIATION INC