MUSIC AND EVENT MANAGEMENT INC

EIN: 311378179 501(c)(3) Arts, Culture & Humanities

CINCINNATI, OH

Total Revenue
$84,887,758
Total Expenses
$76,025,697
Total Assets
$45,204,395
Net Assets
$20,731,652
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
OH
Principal Officer
GREGORY LEE
Phone
5137443306
Tax Period
2024-09-01 to 2025-08-31

MUSIC AND EVENT MANAGEMENT INC, founded in 1993, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $84.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $76.0M left a modest 10% surplus.

Mission

MUSIC AND EVENT MANAGEMENT, INC. (MEMI), A RELATED TAX-EXEMPT ORGANIZATION OF THE CINCINNATI SYMPHONY ORCHESTRA (CSO), MANAGES AND OFFERS A DIVERSE ARRAY OF QUALITY PERFORMANCES AT RIVERBEND MUSIC CENTER, THE PNC PAVILION, AND THE TAFT THEATRE, AND ADDITIONALLY OFFERS PREFERRED SERVICES TO OTHER NON-PROFIT ORGANIZATIONS FOR FESTIVALS AND COMMUNITY EVENTS. MEMI SUPPORTS THE CSO'S MISSION TO ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THE GREATER CINCINNATI REGION.

Program Service Accomplishments

Program 1
Expenses: $63,373,505 Revenue: $55,984,878

MUSIC AND EVENT MANAGEMENT, INC. (MEMI), A RELATED TAX-EXEMPT ORGANIZATION OF THE CINCINNATI SYMPHONY ORCHESTRA (CSO), MANAGES AND OFFERS A DIVERSE ARRAY OF QUALITY PERFORMANCES AT RIVERBEND MUSIC...

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MUSIC AND EVENT MANAGEMENT, INC. (MEMI), A RELATED TAX-EXEMPT ORGANIZATION OF THE CINCINNATI SYMPHONY ORCHESTRA (CSO), MANAGES AND OFFERS A DIVERSE ARRAY OF QUALITY PERFORMANCES AT RIVERBEND MUSIC CENTER, THE PNC PAVILION, ANDREW J. BRADY MUSIC CENTER AND THE TAFT THEATRE, AND ADDITIONALLY OFFERS PREFERRED SERVICES TO OTHER NON-PROFIT ORGANIZATIONS FOR FESTIVALS AND COMMUNITY EVENTS. MEMI SUPPORTS THE CSO'S MISSION TO ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THE GREATER CINCINNATI REGION.MEMI OFFERED 42 EVENTS AT RIVERBEND MUSIC CENTER AND PNC PAVILLION WITH 369,504 IN ATTENDANCE, 74 EVENTS AT ANDREW J. BRADY MUSIC CENTER WITH 165,192 IN ATTENDANCE, AND 53 EVENTS AT THE TAFT THEATRE WITH 123,772 IN ATTENDANCE.

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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 $10,241,643
Program Service Revenue $54,678,449
Investment Income $988,610
Other Revenue $18,979,056
TOTAL REVENUE $84,887,758

Expense Breakdown

Grants Paid $5,978,260
Salaries & Benefits $14,129,778
Fundraising Expenses $0
Program Expenses $63,373,505
Other Expenses $55,917,659
TOTAL EXPENSES $76,025,697

Year-over-Year Comparison

2024 2023 Change
Revenue $84,887,758 $76,724,869 +0.1%
Expenses $76,025,697 $76,939,474 0.0%
Net Income $8,862,061 $-214,605 -42.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
3
Employees
1405
Volunteers
3

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
5
$1,539,139
Total Directors
6
$1,539,139
Key Employees
2
$900,997
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN MARTIN PRESIDENT 5.00
Officer Director
$74,375 $33,679 $642,323
MICHAEL SMITH CHIEF EXECUTIVE OFFICER 45.00
Officer Director
$456,661 $54,608 $511,269
RICHARD FRESHWATER CHIEF FINANCIAL OFFICER 15.00
Officer Director
$75,841 $36,351 $385,547
DIANNE ROSENBERG IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
CHARLA WEISS CHAIR 1.00
Officer Director
$0 $0 $0
SUE MCPARTLIN SECRETARY & TREASURER 1.00
Officer Director
$0 $0 $0
MATHEW DUNNE CHIEF OPERATING OFFICER 40.00
Key Emp
$426,989 $48,167 $475,156
EDWARD MORRELL CHIEF BUSINESS OFFICER 40.00
Key Emp
$384,684 $41,157 $425,841
MICHELE FERRARA DIRECTOR OF SPONSORSHIP SA 40.00
Highest
$260,300 $20,410 $280,710
JENNIFER SCHOONOVER DIRECTOR OF PREMIUM SEAT S 40.00
Highest
$223,394 $26,293 $249,687
ROSEMARIE MOEHRING DIRECTOR OF MARKETING 40.00
Highest
$188,842 $25,629 $214,471
RYAN JASPERS OPERATIONS AND PRODUCTION 40.00
Highest
$180,322 $33,187 $213,509
JUDY SIMPSON DIRECTOR OF FINANCE 40.00
Highest
$163,700 $21,969 $185,669
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 $84,887,758 $76,025,697 $45,204,395 $8,862,061
2024 $76,724,869 $76,939,474 $36,986,907 $-214,605
2023 $66,942,293 $67,078,061 $35,354,818 $-135,768
2022 $73,072,797 $73,177,140 $33,809,112 $-104,343
2021 $26,218,781 $18,560,662 $42,450,735 $7,658,119
2020 $11,882,512 $20,008,108 $17,118,369 $-8,125,596
2019 $44,483,791 $39,639,878 $26,684,197 $4,843,913
2018 $42,483,392 $39,521,193 $19,950,682 $2,962,199
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