FRIENDS OF MUSIC HALL

EIN: 311353951 501(c)(3) Arts, Culture & Humanities

CINCINNATI, OH

Total Revenue
$798,163
Total Expenses
$746,344
Total Assets
$20,853,459
Net Assets
$20,641,835
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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
1992
Legal Domicile
OH
Principal Officer
MARK WEADICK
Phone
5137443306
Tax Period
2023-09-01 to 2024-08-31

FRIENDS OF MUSIC HALL, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $798K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $746K left a modest 6% surplus.

Mission

TO PRESERVE, PROMOTE, IMPROVE & PROVIDE EDUCATION ABOUT CINCINNATI MUSIC HALL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $96,873
Program Service Revenue $85,192
Investment Income $613,539
Other Revenue $2,559
TOTAL REVENUE $798,163

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,443
Fundraising Expenses $17,541
Program Expenses $547,071
Other Expenses $638,901
TOTAL EXPENSES $746,344

Year-over-Year Comparison

2023 2022 Change
Revenue $798,163 $502,004 +0.6%
Expenses $746,344 $457,153 +0.6%
Net Income $51,819 $44,851 +0.2%
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

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Governance

Voting Members
27
Independent Members
27
Employees
N/A
Volunteers
65

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
9
$95,364
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MINDY ROSEN EXECUTIVE DIRECTOR (UNTIL 6/2024) 40.00
Officer
$84,647 $10,717 $95,364
ERICA BOCK BOARD MEMBER 1.00
Director
$0 $0 $0
KYLE CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
TRICA JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL L SAMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
YEMI OYEDIRAN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLEY BRANDSTETTER TRACY BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICIA BITTNER BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE ROBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
ALEK LUCKE BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT SANTANGELO BOARD MEMBER 1.00
Director
$0 $0 $0
QUIERA LEVY-SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA KHOO-ROBINSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS PINELO BOARD MEMBER 1.00
Director
$0 $0 $0
GLENN PLOTT BOARD MEMBER 1.00
Director
$0 $0 $0
THEA TJEPKEMA BOARD MEMBER 1.00
Director
$0 $0 $0
ROXANNE QUALLS BOARD MEMBER 1.00
Director
$0 $0 $0
TIM SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY WAGNER BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
PETER KOENIG PRESIDENT 5.00
Officer Director
$0 $0 $0
ED RIDER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KATHY WADE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LYNNE RECKMAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK WEADICK TREASURER 2.00
Officer Director
$0 $0 $0
KENNETH KREIDER SECRETARY 1.00
Officer Director
$0 $0 $0
RICK PENDER RECORDING SECRETARY 1.00
Officer Director
$0 $0 $0
NANCY KNAUF EXECUTIVE DIRECTOR (STARTING 6/2024) 40.00
Officer
$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 $798,163 $746,344 $20,853,459 $51,819
2023 $502,004 $457,153 $17,828,577 $44,851
2022 $1,237,087 $412,929 $17,099,208 $824,158
2021 $1,185,102 $823,274 $18,391,362 $361,828
2020 $631,696 $398,739 $15,418,535 $232,957
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