RADIO MUSIC LICENSE COMMITTEE

🔒

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

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

WILLIAM VELEZ

Phone

6158446260

Tax Period

2023-01-01 to 2023-12-31

RADIO MUSIC LICENSE COMMITTEE, founded in 1972, is a community nonprofit in the Community Improvement sector that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

REPRESENTATION OF RADIO STATIONS INTEREST IN LICENSING FEES.

Program Service Accomplishments

Program 1

TO PROMOTE THE COMMON BUSINESS INTERESTS OF COMMERCIAL RADIO STATIONS AND THE COMMERCIAL RADIO INDUSTRY, EXCLUDING SATELLITE RADIO, AND, IN PARTICULAR, TO REPRESENT THE INTEREST OF THE COMMERCIAL...

TO PROMOTE THE COMMON BUSINESS INTERESTS OF COMMERCIAL RADIO STATIONS AND THE COMMERCIAL RADIO INDUSTRY, EXCLUDING SATELLITE RADIO, AND, IN PARTICULAR, TO REPRESENT THE INTEREST OF THE COMMERCIAL RADIO INDUSTRY ON MUSIC LICENSING MATTERS.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,719,777

Investment Income $-127,830

Other Revenue $0

TOTAL REVENUE $3,591,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $581,217

Fundraising Expenses $0

Other Expenses $3,005,776

TOTAL EXPENSES $3,586,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,591,947	$3,271,293	+0.1%
Expenses	$3,586,993	$533,551	+5.7%
Net Income	$4,954	$2,737,742	-1.0%

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

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

$455,932

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM VELEZ	EXEC DIRECTO	40.00	Officer	$426,170	$29,762	$455,932
DAVID BESTLER	OFFICER AT L	2.00	Officer Director	$0	$0	$0
MELISSA BRISTOL	OFFICER AT L	2.00	Officer Director	$0	$0	$0
SAM BUSH	EX/COM/EX-OF	2.00	Officer Director	$0	$0	$0
TIM COLLIGAN	DIRECTOR	0.25	Director	$0	$0	$0
JIM COLOFF	DIRECTOR	0.25	Director	$0	$0	$0
DON CURTIS	DIRECTOR	0.25	Director	$0	$0	$0
MIKE DOWDLE	VICE CHARIMA	2.00	Officer Director	$0	$0	$0
BEN DOWNS	DIRECTOR	0.25	Director	$0	$0	$0
JOHN GROSSI	DIRECTOR	0.25	Director	$0	$0	$0
ED ATSINGER III	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JON KURLAND	OFFICER AT L	2.00	Officer Director	$0	$0	$0
JESSIA MARVENTANO	DIRECTOR	0.25	Director	$0	$0	$0
JAVIER MAYNULET	DIRECTOR	0.25	Director	$0	$0	$0
CLAYTON NIX	SECRETARY	2.00	Officer Director	$0	$0	$0
LAURA O'DALY	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS ORNELAS	DIRECTOR	0.25	Director	$0	$0	$0
JOHNNY PALUMBO	OFFICER AT L	2.00	Officer Director	$0	$0	$0
PAUL RAHMLOW	TREASURER	2.00	Officer Director	$0	$0	$0
AMY REITENAUER	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY J SCARPELLI	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT SCHATZ	DIRECTOR	0.25	Director	$0	$0	$0
JOHN VERSTANDIG	EX/COM/EX-OF	2.00	Officer Director	$0	$0	$0
TOM WALKER	DIRECTOR	0.25	Director	$0	$0	$0
PAUL YATES	DIRECTOR	0.25	Director	$0	$0	$0
JOHN ZIMMER	DIRECTOR	0.25	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
2024	No data	No data	No data	No data
2023	$3,591,947	$3,586,993	$2,802,268	$4,954
2022	$3,271,293	$533,551	$2,320,482	$2,737,742
2021	$6,574,625	$11,226,953	$1,028,521	$-4,652,328
2020	$5,284,374	$5,616,415	$3,230,678	$-332,041
2019	$5,151,480	$7,428,247	$3,264,633	$-2,276,767
2018	$3,278,167	$4,504,250	$5,249,985	$-1,226,083