FRIENDS OF MUSIC HALL

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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

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 IN ORDER TO PERPETUATE IT AS THE PREMIER CULTURAL CENTER OF THE REGION, AND AS A NATIONAL HISTORIC LANDMARK OF INTERNATIONAL SIGNIFICANCE.

Program Service Accomplishments

Program 1

Expenses: $139,575 Revenue: $56,998

PROMOTE AND PROVIDE EDUCATION ABOUT MUSIC HALL THROUGH GUIDED TOURS, SPECIAL PROGRAMS, COMMUNITY OUTREACH, AND PRESENTATIONS PROVIDING INFORMATION ON THE HISTORICAL SIGNIFICANCE OF MUSIC HALL'S...

PROMOTE AND PROVIDE EDUCATION ABOUT MUSIC HALL THROUGH GUIDED TOURS, SPECIAL PROGRAMS, COMMUNITY OUTREACH, AND PRESENTATIONS PROVIDING INFORMATION ON THE HISTORICAL SIGNIFICANCE OF MUSIC HALL'S ARCHITECTURE, USE AND PATRONAGE. PROMOTE FRIENDS OF MUSIC HALL'S PROGRAMS AND ACCOMPLISHMENTS BY THE DISTRIBUTION OF A QUARTERLY E-NEWSLETTER CALLED "WINDOWS ON MUSIC HALL."

Program 2

Expenses: $269,524 Revenue: $2,559

PRESERVE AND IMPROVE MUSIC HALL THROUGH SUPPORT OF THE RENOVATION OF MUSIC HALL.

Program 3

Expenses: $137,972 Revenue: $28,194

PRESERVE, PROMOTE, AND PROVIDE EDUCATION ABOUT THE MIGHTY WURLITZER ORGAN BY HOSTING CONCERTS AND OTHER LIVE PROGRAMS FEATURING LIVE ORGAN MUSIC THROUGHOUT THE YEAR.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$95,364

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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