SOUND RECORDING SPECIAL PAYMENTS FUND

EIN: 136180704 Community Improvement

NEW YORK, NY

Total Revenue
$15,768,744
Total Expenses
$14,198,832
Total Assets
$23,045,881
Net Assets
$13,219,117
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
NY
Phone
2125161400
Tax Period
2024-05-01 to 2025-04-30

SOUND RECORDING SPECIAL PAYMENTS FUND, founded in 1964, is a mid-sized nonprofit in the Community Improvement sector that reported $15.8M in total revenue in fiscal year 2024. Expenses of $14.2M left a modest 10% surplus.

Mission

DEDICATED TO COLLECT AND TO DISTRIBUTE RESIDUAL PAYMENTS TO MUSICIANS AS A RESULT OF THEIR CRAFTSMANSHIP IN CREATING SOUND RECORDINGS. (SEE SCHEDULE O FOR CONTINUATION)

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,265,254
Investment Income $503,490
Other Revenue $0
TOTAL REVENUE $15,768,744

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,720,356
Fundraising Expenses $0
Program Expenses $0
Other Expenses $274,309
TOTAL EXPENSES $14,198,832

Year-over-Year Comparison

2024 2023 Change
Revenue $15,768,744 $15,003,291 +0.1%
Expenses $14,198,832 $13,867,372 +0.0%
Net Income $1,569,912 $1,135,919 +0.4%
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

Sign In

Governance

Voting Members
1
Independent Members
1
Employees
11783
Volunteers
1

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
2
$394,587
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES HARRINGTON CHAIR - OVERSIGHT 1.0
Officer Director
$0 $0 $0
AUGUSTINO GAGLIARDI AFM - LIAISON (SEE SCH. O) 1.0
$0 $0 $0
DAVE POMEROY AFM - LIAISON (SEE SCH. O) 1.0
$0 $0 $0
DAVID FINCK AFM - LIAISON (SEE SCH. O) 1.0
$0 $0 $0
ROBERT DIPAOLA FUND ADMINISTRATOR 40.0
Officer
$346,846 $47,741 $394,587
NANCY NARVARRO SENIOR ACCOUNTANT 40.0
Highest
$112,026 $44,472 $156,498
PARIS GARDNER OFFICE MANAGER 40.0
Highest
$112,306 $29,165 $141,471
SUSAN WYLLIE MUSICIANS' INFORMATION SERVICES MANAGER 40.0
Highest
$113,385 $28,361 $141,746
SYED ALI DIRECTOR OF IT/SYSTEMS 40.0
Highest
$208,878 $71,249 $280,127
VINCENT VISCONTI DATABASE ARCHITECT 40.0
Highest
$176,939 $61,874 $238,813
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
2025 $15,768,744 $14,198,832 $23,045,881 $1,569,912
2024 $15,003,291 $13,867,372 $22,748,683 $1,135,919
2023 $14,238,259 $13,313,129 $21,669,111 $925,130
2022 $13,023,174 $11,677,493 $20,084,543 $1,345,681
2021 $10,901,643 $10,024,289 $15,013,240 $877,354
2020 $289,607 $373,300 $13,446,296 $-83,693
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUND RECORDING SPECIAL PAYMENTS FUND with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.