ASSOCIATION FOR THE ADVANCEMENT OF CREATIVE MUSICIANS (EIN 362582864) - Form 990 Financial Analysis & Trantor Score

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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

1965

Legal Domicile

Principal Officer

Renee Baker

Phone

6302587554

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION FOR THE ADVANCEMENT OF CREATIVE MUSICIANS, founded in 1965, is a small nonprofit that reported $136K in total revenue in fiscal year 2024. Revenue surged 885% from the prior year, signaling strong growth momentum. Expenses of $177K exceeded revenue, resulting in a 30% operating deficit.

Mission

A COLLECTIVE OF MUSICIANS & COMPOSERS DEDICATED TO NURTURING PERFORMERS & RECORDING SERIOUS ORIGINAL MUSIC. A COLLECTIVE OF DYNAMIC & VISIONARY ARTISTS MAINTAINING THE NEED TO EXPOSE & SHOWCASE ORIGINAL COMPOSITIONS

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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 (2024)

Revenue Breakdown

Contributions & Grants $134,438

Program Service Revenue $1,160

Investment Income $0

Other Revenue $0

TOTAL REVENUE $135,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,618

Other Expenses $176,627

TOTAL EXPENSES $176,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,598	$13,765	+8.9%
Expenses	$176,627	$50,673	+2.5%
Net Income	$-41,029	$-36,908	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE BAKER	CHAIR	15.00	Officer	$0	$0	$0
KHARI MALIK-BEY	VICE PRESIDENT	10.00	Officer	$0	$0	$0
JOVIA ARMSTRONG	SECRETARY	10.00	Officer	$0	$0	$0
UGOCHI NWAOGWUGWU	TREASURER	10.00	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	$135,598	$176,627	$231,745	$-41,029
2023	$13,765	$50,673	$272,774	$-36,908
2022	$44,650	$45,998	$165,709	$-1,348
2021	$157,981	$54,065	$163,471	$103,916
2020	$64,864	$37,042	$57,814	$27,822

ASSOCIATION FOR THE ADVANCEMENT OF CREATIVE MUSICIANS