PHILADELPHIA MUSIC ALLIANCE DBA PM… - 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

1986

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $31,099 Revenue: $73,950

TWO SUMMITS- A SERIES TAKING PLACE EVERY SPRING AND FALL - OFFERS HIGH SCHOOL STUDENTS ENGAGED IN MUSIC STUDIES TO HEAR FROM INDUSTRY EXPERTS. TOPICS INCLUDE THE CREATIVE AND BUSINESS SIDES OF THE...

TWO SUMMITS- A SERIES TAKING PLACE EVERY SPRING AND FALL - OFFERS HIGH SCHOOL STUDENTS ENGAGED IN MUSIC STUDIES TO HEAR FROM INDUSTRY EXPERTS. TOPICS INCLUDE THE CREATIVE AND BUSINESS SIDES OF THE MUSIC INDUSTRY, WITH A CAREER PATH FOCUS. STUDENTS ARE CHOSEN FROM MUSIC PROGRAMS IN THE PHILADELPHIA SCHOOL DISTRICT, AS WELL AS MUSICOPIA, ROCK 2 THE FUTURE AND DASH.

Program 2

Expenses: $3,000

PARTNERSHIP WITH MUSICOPIA TO SUPPORT GIFT OF MUSIC PROGRAM. PHILADELPHIA MUSIC ALLIANCE PROVIDES A YEARLY GRANT TO MUSICOPIA TO SUPPORT THEIR VARIOUS PROGRAMS RELATING TO MUSIC EDUCATION AND...

PARTNERSHIP WITH MUSICOPIA TO SUPPORT GIFT OF MUSIC PROGRAM. PHILADELPHIA MUSIC ALLIANCE PROVIDES A YEARLY GRANT TO MUSICOPIA TO SUPPORT THEIR VARIOUS PROGRAMS RELATING TO MUSIC EDUCATION AND ENRICHMENT FOR STUDENTS AND THEIR COMMUNITIES.

Program 3

Expenses: $1,000

PROJECT 440 COLLEGE FAIR FOR MUSICIANS SPONSORSHIP TO ENGAGE STUDENTS IN THE MUSIC BUSINESS

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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 (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

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
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

PHILADELPHIA MUSIC ALLIANCE DBA PMA MUSIC FUND