PHILADELPHIA MUSIC ALLIANCE DBA PMA MUSIC FUND

EIN: 232434446 501(c)(3) Arts, Culture & Humanities

BALA CYNWYD, PA

Total Revenue
$219,909
Total Expenses
$133,960
Total Assets
$182,072
Net Assets
$182,072
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
PA
Principal Officer
STEPHEN A COHEN
Phone
6106673500
Tax Period
2023-07-01 to 2024-06-30

PHILADELPHIA MUSIC ALLIANCE DBA PMA MUSIC FUND, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $86K, a strong 39% operating margin.

Mission

THE PHILADELPHIA MUSIC ALLIANCE PROMOTES THE VAST CONTRIBUTIONS OF PHILADELPHIANS TO ALL MUSIC GENRES AND ENCOURAGES EMERGING ARTISTS AND STUDENTS TOWARD ACHIEVING MUSICAL EXCELLENCE. IN ADDITION, THE ALLIANCE CREATES, SUPPORTS AND SPONSORS PROGRAMS AND EVENTS THAT ENRICH AND STRENGTHEN PHILADELPHIA'S MUSICAL COMMUNITY. OUR BEST KNOWN CREATION IS THE WALK OF FAME, A MUST SEE TOURIST ATTRACTION ON PHILADELPHIA'S DAZZLING AVENUE OF THE ARTS. SOME OF SUCH PROGRAMS AS DESCRIBED ABOVE ARE CURRENTLY IN EXISTENCE. THERE WILL ALWAYS BE ADDITIONAL METHODS DEVELOPED AND IMPLEMENTED TO ENRICH OUR LOCAL MUSIC CULTURE AND TO ASSIST ITS PARTICIPANTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $218,909
Program Service Revenue $1,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $219,909

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $83,844
Fundraising Expenses $6,500
Program Expenses $35,099
Other Expenses $46,116
TOTAL EXPENSES $133,960

Year-over-Year Comparison

2023 2022 Change
Revenue $219,909 $183,329 +0.2%
Expenses $133,960 $171,367 -0.2%
Net Income $85,949 $11,962 +6.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
17
Employees
1
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
3
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN RUBENS Chairman 2.00
Officer Director
$0 $0 $0
STEPHEN A COHEN Treasurer 2.00
Officer Director
$0 $0 $0
CHRISTIANNA LABUZ Secretary 2.00
Officer Director
$0 $0 $0
FABIAN ANTONIO BROWN Director 1.00
Director
$0 $0 $0
MARC DICCIANI Director 1.00
Director
$0 $0 $0
LORA LEWIS Director 1.00
Director
$0 $0 $0
KERRI PARK Director 1.00
Director
$0 $0 $0
CAROL RIDDICK Director 1.00
Director
$0 $0 $0
FRED STEIN Director 1.00
Director
$0 $0 $0
GERALD VEASLEY Director 1.00
Director
$0 $0 $0
ADAM WEINER Director 1.00
Director
$0 $0 $0
BILL WESTON Director 1.00
Director
$0 $0 $0
KEVIN HADEN Director 1.00
Director
$0 $0 $0
CHRISTOPHER SQUIRES Director 1.00
Director
$0 $0 $0
LARRY PLATT Director 1.00
Director
$0 $0 $0
JOHN POWELL Director 1.00
Director
$0 $0 $0
PATTY JACKSON Director 1.00
Director
$0 $0 $0
DAVID PERRY Director 1.00
Director
$0 $0 $0
DAVID IVORY Director 1.00
Director
$0 $0 $0
ANDREW PACK Director 1.00
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
2025 No data No data No data No data
2024 $219,909 $133,960 $182,072 $85,949
2023 $183,329 $171,367 $96,123 $11,962
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