Film Musicians Secondary Markets Fund

EIN: 136695765 Community Improvement

Los Angeles, CA

Total Revenue
$146,323,626
Total Expenses
$141,796,649
Total Assets
$187,766,320
Net Assets
$172,222,197
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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
1972
Legal Domicile
CA
Principal Officer
BRIAN SICKLES
Phone
8187557777
Tax Period
2024-04-01 to 2025-03-31

Film Musicians Secondary Markets Fund, founded in 1972, is a major nonprofit in the Community Improvement sector that reported $146.3M in total revenue in fiscal year 2024. Expenses of $141.8M left a modest 3% surplus.

Mission

TO COLLECT CONTRIBUTIONS FROM PRODUCERS FOR DISTRIBUTION TO PARTICIPANT MUSICIANS IN ACCORDANCE WITH COLLECTIVE BARGAINING AGREEMENTS.

Program Service Accomplishments

Program 1

TO COLLECT CONTRIBUTIONS FROM PRODUCERS FOR DISTRIBUTION TO PARTICIPANT MUSICIANS IN ACCORDANCE WITH COLLECTIVE BARGAINING AGREEMENTS.

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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 $0
Program Service Revenue $139,727,328
Investment Income $6,596,298
Other Revenue $0
TOTAL REVENUE $146,323,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,704,442
Fundraising Expenses $0
Other Expenses $2,592,310
TOTAL EXPENSES $141,796,649

Year-over-Year Comparison

2024 2023 Change
Revenue $146,323,626 $146,090,254 +0.0%
Expenses $141,796,649 $139,397,441 +0.0%
Net Income $4,526,977 $6,692,813 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
44
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
0
$0
Total Directors
6
$0
Key Employees
1
$400,035
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN SICKLES EXECUTIVE DIRECTOR 40.0
Key Emp
$323,654 $76,381 $400,035
JENNIFER GRASMICK COMPTROLLER 40.0
Highest
$175,800 $45,108 $220,908
MICHAEL HOFFMAN Chief Operating Officer 40.0
Highest
$152,769 $48,075 $200,844
RICHARD VANN Sr. DIR. - App. Software Dev. 40.0
Highest
$166,423 $31,905 $198,328
EDWARD WILKINSON DIR. - APP. & SOFT. DEVELOP. 40.0
Highest
$162,668 $30,646 $193,314
STEPHANIE CASTILLO Chief Admin Officer/Exec Couns 40.0
Highest
$148,115 $25,057 $173,172
CAROL LOMBARDINI CHAIRPERSON-OVERSIGHT 1.0
Director
$0 $0 $0
JANE LEE MEMBER-OVERSIGHT 1.0
Director
$0 $0 $0
TINO GAGLIARDI AFM LIAISON 1.0
Director
$0 $0 $0
PETE ANTHONY AFM LIAISON 1.0
Director
$0 $0 $0
GENA CADIENTE MEMBER-OVERSIGHT 1.0
Director
$0 $0 $0
TOM CALDERARO AFM LIAISON 1.0
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
2025 $146,323,626 $141,796,649 $187,766,320 $4,526,977
2024 $146,090,254 $139,397,441 $179,222,706 $6,692,813
2023 $142,289,095 $125,014,565 $172,086,111 $17,274,530
2022 $129,340,280 $121,267,260 $152,319,457 $8,073,020
2021 $124,540,655 $113,848,330 $145,080,232 $10,692,325
2020 $112,026,196 $116,677,315 $132,120,729 $-4,651,119
2019 $115,672,017 $105,743,717 $136,346,159 $9,928,300
2018 $107,444,752 $99,640,780 $125,608,857 $7,803,972
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