NationalAssociationof Music Merchants

EIN: 362026009

Carlsbad, CA

Total Revenue
$21,207,880
Total Expenses
$20,628,192
Total Assets
$42,876,526
Net Assets
$30,766,433
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1901
Legal Domicile
CA
Phone
7604388001
Tax Period
2023-10-01 to 2024-09-30

NationalAssociationof Music Merchants, founded in 1901, is a mid-sized nonprofit that reported $21.2M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

NAMM's mission is to strengthen the music products industry and promote the pleasures and benefits of making music.

Program Service Accomplishments

Program 1

THE ASSOCIATION FUNDS MARKET DEVELOPMENT PROGRAMS THAT BENEFIT THE MUSIC PRODUCTS INDUSTRY WITH THE OVERALL OBJECTIVE OF INCREASING THE NUMBER OF ACTIVE MUSIC MAKERS OF ALL AGES. THIS OBJECTIVE IS...

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THE ASSOCIATION FUNDS MARKET DEVELOPMENT PROGRAMS THAT BENEFIT THE MUSIC PRODUCTS INDUSTRY WITH THE OVERALL OBJECTIVE OF INCREASING THE NUMBER OF ACTIVE MUSIC MAKERS OF ALL AGES. THIS OBJECTIVE IS ACCOMPLISHED BY FUNDING MANY PROGRAMS IN MUSIC EDUCATION AND RESEARCH PROJECTS THAT EMPHASIZE THE MANY BENEFITS THAT MUSIC CAN PROVIDE.

Program 2

THE ASSOCIATION CONDUCTS ONE TRADE SHOW AND CONVENTION THAT WAS HELD TO OFFER MUSIC DEALERS THE OPPORTUNITY TO VIEW NEW PRODUCTS AND TECHNIQUES FOR IMPROVING THEIR BUSINESSES. SEMINARS AND...

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THE ASSOCIATION CONDUCTS ONE TRADE SHOW AND CONVENTION THAT WAS HELD TO OFFER MUSIC DEALERS THE OPPORTUNITY TO VIEW NEW PRODUCTS AND TECHNIQUES FOR IMPROVING THEIR BUSINESSES. SEMINARS AND EDUCATIONAL SESSIONS ARE HELD IN CONNECTION WITH THIS CONVENTION.

Program 3

THE ASSOCIATION HAS A PROFESSIONAL DEVELOPMENT PROGRAM TO PROVIDE MUSIC DEALERS AND MANUFACTURER'S REPRESENTATIVES WITH THE NECESSARY TRAINING TO IMPROVE THEIR BUSINESS AND PROVIDE THEIR STAFF WITH...

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THE ASSOCIATION HAS A PROFESSIONAL DEVELOPMENT PROGRAM TO PROVIDE MUSIC DEALERS AND MANUFACTURER'S REPRESENTATIVES WITH THE NECESSARY TRAINING TO IMPROVE THEIR BUSINESS AND PROVIDE THEIR STAFF WITH ADDITIONAL SALES TRAINING TECHNIQUES, MANAGEMENT TRAINING AND OTHER EDUCATIONAL OPPORTUNITIES. THE ASSOCIATION ALSO PROVIDES ITS MEMBERS WITH VITAL INFORMATION REGARDING THE MUSIC PRODUCTS INDUSTRY INCLUDING NEWSLETTERS AND OTHER PUBLICATIONS.

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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 $0
Program Service Revenue $16,743,713
Investment Income $4,464,167
Other Revenue $0
TOTAL REVENUE $21,207,880

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,450,796
Fundraising Expenses $0
Other Expenses $11,177,396
TOTAL EXPENSES $20,628,192

Year-over-Year Comparison

2023 2022 Change
Revenue $21,207,880 $16,842,924 +0.3%
Expenses $20,628,192 $17,462,547 +0.2%
Net Income $579,688 $-619,623 -1.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
28
Independent Members
27
Employees
90
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
5
$838,264
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Mlynczak President & CEO 40.00
Officer
$806,826 $31,438 $838,264
Daniel Moylan Dir Tr Show Sales 40.00
$212,927 $29,180 $242,107
Derek Murphy CFO 40.00
$192,421 $29,068 $221,489
Joseph Lamond Former CEO 40.00
$180,000 $26,340 $206,340
Cindy Sample Dir of Trade Shows 40.00
$171,228 $9,300 $180,528
Robin Muller Director of Admin 40.00
$156,111 $23,078 $179,189
AJ Zane Director of IT 40.00
$174,057 $2,658 $176,715
Tom Sumner Chairman 10.00
Officer Director
$0 $0 $0
Chris White Vice Chair 10.00
Officer Director
$0 $0 $0
Joe Castronovo Treasurer 10.00
Officer Director
$0 $0 $0
Whitney Brown-Grisaffi Secretary 10.00
Officer Director
$0 $0 $0
Lance Day Director 0.00
Director
$0 $0 $0
Josh Faust Director 0.00
Director
$0 $0 $0
David Angress Director 0.00
Director
$0 $0 $0
Nick Averwater Director 0.00
Director
$0 $0 $0
Elizabeth Heidt Director 0.00
Director
$0 $0 $0
Albert Chauvet Director 0.00
Director
$0 $0 $0
Adam Levin Director 0.00
Director
$0 $0 $0
Francois Kloc Director 0.00
Director
$0 $0 $0
Kimberly Koch Director 0.00
Director
$0 $0 $0
Roger Hart Director 0.00
Director
$0 $0 $0
Jamie Deering Director 0.00
Director
$0 $0 $0
Paul Tobias Director 0.00
Director
$0 $0 $0
DeDe Heid Director 0.00
Director
$0 $0 $0
Lana Negrete Director 0.00
Director
$0 $0 $0
Stephen Zapf Director 0.00
Director
$0 $0 $0
Jerry Goldenson Director 0.00
Director
$0 $0 $0
Stacey Montgomery-Clark Director 0.00
Director
$0 $0 $0
Steve Long Director 0.00
Director
$0 $0 $0
Michael Santander Director 0.00
Director
$0 $0 $0
Ray Williams Director 0.00
Director
$0 $0 $0
Bryan Ottens Director 0.00
Director
$0 $0 $0
Michael Risko Director 0.00
Director
$0 $0 $0
Lillian Werbin Director 0.00
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 $21,207,880 $20,628,192 $42,876,526 $579,688
2023 $16,842,924 $17,462,547 $39,539,422 $-619,623
2022 $7,155,207 $18,308,554 $38,472,951 $-11,153,347
2021 $10,387,910 $13,215,293 $52,493,146 $-2,827,383
2020 $27,186,802 $21,428,381 $51,318,289 $5,758,421
2019 $26,213,575 $25,295,034 $55,386,509 $918,541
2018 $27,350,906 $24,429,380 $52,475,917 $2,921,526
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