THE AMERICAN ASSOCIATION OF INDEPE… - 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

2005

Legal Domicile

Principal Officer

DR RICHARD JAMES BURGESS

Phone

2132226765

Tax Period

2024-07-01 to 2025-06-30

THE AMERICAN ASSOCIATION OF INDEPENDENT MUSIC INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.9M left a modest 5% surplus.

Mission

THE AMERICAN ASSOCIATION OF INDEPENDENT MUSIC INC. IS A LEADING VOICE OF INDEPENDENT MUSIC WHOSE MISSION IS TO: PROMOTE GROWTH, AWARENESS, AND OPPORTUNITIES FOR INDEPENDENT MUSIC THROUGH ADVOCACY, EDUCATION AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $58,584 Revenue: $122,747

MEMBERSHIP ORGANIZATION FOR INDEPENDENT MUSIC LABELS THAT SEEKS FAIRNESS, EQUITY, AND TRANSPARENCY FOR INDEPENDENT MUSIC LABELS VIA:BUSINESS OPPORTUNITY/FAIR TRADE. TO ENSURE THAT INDEPENDENT MUSIC LABELS HAVE THE OPPORTUNITY TO PARTICIPATE IN COMMERCE ON TERMS COMMENSURATE TO THOSE RECEIVED BY OTHERS IN THE MARKETPLACE VIA IMPROVED ACCESS TO NEW DIGITAL PLATFORMS.

Program 2

Expenses: $88,434

LEGISLATIVE, INCLUDING GRASSROOTS AND NATIONAL ADVOCACY ON INDUSTRY ISSUES INCLUDING LEGISLATION AND GOVERNMENTAL RULINGS THAT ARE IN THE BEST INTERESTS OF INDEPENDENT ARTISTS AND LABELS.

Program 3

Expenses: $1,783,399 Revenue: $1,851,516

MEMBER SERVICES INCLUDING EDUCATION AND REPRESENTATION AT MAJOR FUNCTIONS IN THE UNITED STATES AND AROUND THE WORLD.

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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 $1,969,642

Program Service Revenue $0

Investment Income $53,150

Other Revenue $0

TOTAL REVENUE $2,022,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,264,341

Fundraising Expenses $0

Program Expenses $1,930,417

Other Expenses $666,077

TOTAL EXPENSES $1,930,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,022,792	$2,748,804	-0.3%
Expenses	$1,930,418	$2,906,731	-0.3%
Net Income	$92,374	$-157,927	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILSON FULLER	BOARD MEMBER	0.00	Director	$0	$0	$0
NABIL AYERS	BOARD MEMBER	0.00	Director	$0	$0	$0
TONY KIEWEL	BOARD MEMBER	0.00	Director	$0	$0	$0
HAYS RUDOLPH	BOARD MEMBER	0.00	Director	$0	$0	$0
MARY JUREY	BOARD MEMBER	0.00	Director	$0	$0	$0
TONY ALEXANDER	BOARD SECRETARY	0.00	Director	$0	$0	$0
ZENA WHITE	BOARD MEMBER	0.00	Director	$0	$0	$0
DEE DIAZ	BOARD MEMBER	0.00	Director	$0	$0	$0
JASON PETERSON	ADVISORY BOARD	0.00	Director	$0	$0	$0
KRISTEN EPSTEIN	ADVISORY BOARD	0.00	Director	$0	$0	$0
STEVEN HILL	BOARD CHAIRPERSON	0.00	Director	$0	$0	$0
LOUIS POSEN	BOARD MEMBER	0.00	Director	$0	$0	$0
TERRY MCBRIDE	BOARD MEMBER	0.00	Director	$0	$0	$0
JANA HERZEN	ADVISORY BOARD	0.00	Director	$0	$0	$0
GLEN BARROS	ADVISORY BOARD	0.00	Director	$0	$0	$0
DR RICHARD JAMES BURGESS	PRESIDENT & CEO	40.00	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
2025	$2,022,792	$1,930,418	$2,174,641	$92,374
2024	$2,748,804	$2,906,731	$1,929,760	$-157,927
2023	$2,824,122	$2,899,401	$2,219,515	$-75,279
2022	$2,250,628	$2,099,600	$2,194,670	$151,028
2021	$2,003,289	$1,629,571	$1,946,573	$373,718
2020	$1,690,699	$1,633,663	$1,778,946	$57,036
2019	$1,812,723	$1,971,874	$1,514,033	$-159,151

THE AMERICAN ASSOCIATION OF INDEPENDENT MUSIC INC