ACCESS AUDIO INC

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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

2010

Legal Domicile

Principal Officer

ADAM STEEL

Phone

5137711500

Tax Period

2024-01-01 to 2024-12-31

ACCESS AUDIO INC, founded in 2010, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 54% operating margin.

Mission

FURNISH PROFESSIONAL AUDIO, VIDEO AND LIGHTING SUPPORT TO CHURCHES, SCHOOLS AND OTHER EXEMPT ORGANIZATIONS

Program Service Accomplishments

Program 1

Expenses: $1,753,214 Revenue: $536,306

FURNISH PROFESSIONAL AUDIO, VIDEO AND LIGHTING SUPPORT TO CHURCHES, SCHOOLS AND OTHER EXEMPT ORGANIZATIONS

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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 $2,232,130

Program Service Revenue $536,306

Investment Income $234

Other Revenue $1,024,948

TOTAL REVENUE $3,793,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $858,228

Fundraising Expenses $0

Program Expenses $1,753,214

Other Expenses $903,241

TOTAL EXPENSES $1,761,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,793,618	$2,735,928	+0.4%
Expenses	$1,761,469	$2,715,655	-0.4%
Net Income	$2,032,149	$20,273	+99.2%

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
JON BAKER	DIRECTOR	N/A	Director	$0	$0	$0
MATT CARSWELL	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS MELLOTT	DIRECTOR	N/A	Director	$0	$0	$0
JAMES QUINLAN	DIRECTOR	N/A	Director	$0	$0	$0
ADAM STEEL	EXECUTIVE DI	N/A	Officer 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	$3,793,618	$1,761,469	$5,627,052	$2,032,149
2023	$2,735,928	$2,715,655	$958,382	$20,273
2022	$1,484,106	$1,285,716	$954,682	$198,390
2022	No data	No data	No data	No data
2021	$1,119,869	$950,534	$737,853	$169,335
2020	$1,017,528	$1,009,034	$557,475	$8,494
2019	$973,241	$965,204	$541,862	$8,037
2018	$730,239	$687,400	$505,971	$42,839