THE GREAT AMERICAN SONGBOOK FOUNDATION INC

EIN: 260620716 501(c)(3) Arts, Culture & Humanities

CARMEL, IN

Total Revenue
$1,799,389
Total Expenses
$1,904,602
Total Assets
$9,015,864
Net Assets
$8,737,639
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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
2008
Legal Domicile
IN
Principal Officer
JEFFREY MCDERMOTT
Phone
3178449446
Tax Period
2024-07-01 to 2025-06-30

THE GREAT AMERICAN SONGBOOK FOUNDATION INC, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Net assets of $8.7M represent 58 months of operating reserves.

Mission

TO INSPIRE AND EDUCATE BY CELEBRATING THE GREAT AMERICAN SONGBOOK.

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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 $1,609,177
Program Service Revenue $41,236
Investment Income $148,976
Other Revenue $0
TOTAL REVENUE $1,799,389

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,152,720
Fundraising Expenses $419,686
Program Expenses $1,168,903
Other Expenses $751,882
TOTAL EXPENSES $1,904,602

Year-over-Year Comparison

2024 2023 Change
Revenue $1,799,389 $1,082,639 +0.7%
Expenses $1,904,602 $1,765,211 +0.1%
Net Income $-105,213 $-682,572 -0.8%
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

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Governance

Voting Members
22
Independent Members
22
Employees
9
Volunteers
39

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
7
$327,392
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON GOTTWALD BOARD CHAIR 5.00
Officer Director
$0 $0 $0
LIBBY BROWN VICE CHAIR 2.00
Officer Director
$0 $0 $0
TORY PURVIS TREASURER 2.00
Officer Director
$0 $0 $0
ADAM ARCENEAUX SECRETARY 2.00
Officer Director
$0 $0 $0
BROOK BABCOCK BOARD MEMBER 1.00
Director
$0 $0 $0
STAN BURTON BOARD MEMBER 1.00
Director
$0 $0 $0
ROLLIN DICK BOARD MEMBER 1.00
Director
$0 $0 $0
TERRENCE FLANNERY BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY FORD BOARD MEMBER 1.00
Director
$0 $0 $0
STAN HURT BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN KELLY BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN KELSEY BOARD MEMBER 1.00
Director
$0 $0 $0
VIVIANA KOUKOULOMATIS BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY MARX BOARD MEMBER 1.00
Director
$0 $0 $0
JIM MONEY BOARD MEMBER 1.00
Director
$0 $0 $0
JASON NOYAN BOARD MEMBER 1.00
Director
$0 $0 $0
IZABELA OZDEMIR BOARD MEMBER 1.00
Director
$0 $0 $0
TONY ROBERTSON BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE SILER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID STIRSMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE WELLS BOARD MEMBER 1.00
Director
$0 $0 $0
JILL ZANIKER BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG COOK BOARD MEMBER (RESIGNED 12/31/24) 1.00
Director
$0 $0 $0
JEFFREY MCDERMOTT PRESIDENT/CEO 10.00
Officer
$91,064 $13,824 $104,888
JEFF STEEG COO 4.00
Officer
$17,100 $4,212 $21,312
CHRIS LEWIS GASF DIRECTOR 40.00
Officer
$157,189 $44,003 $201,192
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 $1,799,389 $1,904,602 $9,015,864 $-105,213
2024 $1,082,639 $1,765,211 $8,634,313 $-682,572
2023 $2,079,593 $1,564,124 $8,444,844 $515,469
2022 $1,441,715 $1,258,961 $8,944,393 $182,754
2021 $1,302,837 $1,731,313 $9,097,813 $-428,476
2020 $1,752,306 $1,839,814 $10,782,328 $-87,508
2019 $1,627,663 $2,123,993 $15,648,922 $-496,330
2018 $16,320,718 $1,402,556 $16,282,881 $14,918,162
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