Akron, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Greater Akron Musical Association Founda, founded in 1986, is a small nonprofit that reported $663K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $238K, a strong 36% operating margin.
To operate the endowment fund and other special funds for the benefit of the Greater Akron Musical Association and to promote public appreciation of the arts.
The Foundation was established to hold certain investments for the benefit of the Greater Akron Musical Association. The Foundation provides payments to the association to support their mission...
The Foundation was established to hold certain investments for the benefit of the Greater Akron Musical Association. The Foundation provides payments to the association to support their mission. Payments are based on a spending policy established by the board of the Foundation.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $662,907 | $812,858 | -0.2% |
| Expenses | $424,496 | $407,345 | +0.0% |
| Net Income | $238,411 | $405,513 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Thomas J Clark | President | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Richard Harris | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dave Scarponi | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Pasternak | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Donna Valentine | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Charles Peter MD | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Todd Rosenburg | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Bruce Fahey | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Tracey Dowe | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Paul Jarrett | GAMA Executive Director | 1.00 |
Officer
|
$0 | $0 | $73,542 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $662,907 | $424,496 | $8,593,260 | $238,411 |
| 2023 | $812,858 | $407,345 | $7,628,487 | $405,513 |
| 2022 | $330,670 | $392,892 | $7,075,051 | $-62,222 |
| 2021 | $373,136 | $293,442 | $8,357,745 | $79,694 |
| 2020 | $493,116 | $440,062 | $6,683,764 | $53,054 |
| 2019 | $865,444 | $359,678 | $6,618,704 | $505,766 |
| 2018 | $325,042 | $341,528 | $6,422,992 | $-16,486 |
Compare Greater Akron Musical Association Founda with other nonprofits in Ohio and across the country.