MADISON AREA MUSIC ASSOCIATION INC

EIN: 200614274 501(c)(3) Arts, Culture & Humanities

Madison, WI

Total Revenue
$91,425
Total Expenses
$100,551
Total Assets
$39,196
Net Assets
$39,040
🔒

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
2003
Legal Domicile
WI
Principal Officer
Roy Elkins
Phone
6082502565
Tax Period
2020-07-01 to 2021-06-30

MADISON AREA MUSIC ASSOCIATION INC, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $91K in total revenue in fiscal year 2020. Revenue surged 66% from the prior year, signaling strong growth momentum.

Mission

The Madison Area Music Association (MAMA) supports youth music programs in the greater Madison area, and strengthens and engages the music community as a whole.

🔒

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 (2020)

Revenue Breakdown

Contributions & Grants $83,577
Program Service Revenue $5,000
Investment Income $7
Other Revenue $2,841
TOTAL REVENUE $91,425

Expense Breakdown

Grants Paid $67,254
Salaries & Benefits $0
Fundraising Expenses $642
Program Expenses $97,249
Other Expenses $33,297
TOTAL EXPENSES $100,551

Year-over-Year Comparison

2020 2019 Change
Revenue $91,425 $55,083 +0.7%
Expenses $100,551 $21,626 +3.6%
Net Income $-9,126 $33,457 -1.3%
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
2
Independent Members
2
Employees
N/A
Volunteers
20

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roy Elkins President 5
Officer
$0 $0 $0
Richard Tvedt Treasurer 5
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
2021 $91,425 $100,551 $39,196 $-9,126
Explore More Nonprofits
→Top 100 Nonprofits in Wisconsin →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MADISON AREA MUSIC ASSOCIATION INC with other nonprofits in Wisconsin 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.