THE CONSORTIUM MMT (EIN 461568302) - 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

2012

Legal Domicile

Principal Officer

DAVID PORTER

Phone

9015433559

Tax Period

2024-01-01 to 2024-12-31

THE CONSORTIUM MMT, founded in 2012, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $95K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $148K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO DEVELOP A VIABLE MUSIC INDUSTRY IN MEMPHIS FOR THE FUTURE BY PROVIDING A STRUCTURED LEARNING ENVIRONMENT TO ENRICH AND EQUIP OUR TALENTS WITH PROVEN TOOLS TO BUILD THE NEXT GENERATION OF SUCCESSFUL MUSIC PROFESSIONALS. THE CONSORTIUM MMT WILL PROVIDE REAL WORLD EXPERIENCE AND MENTORSHIP, CREATING A DIRECT PATH TO SUCCESS FOR TALENTED RECORDING ARTISTS/ENTERTAINERS, SONGWRITERS AND PRODUCERS.

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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 $76,509

Program Service Revenue $0

Investment Income $18,345

Other Revenue $0

TOTAL REVENUE $94,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,779

Fundraising Expenses $0

Program Expenses $118,542

Other Expenses $91,253

TOTAL EXPENSES $148,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,854	$81,978	+0.2%
Expenses	$148,032	$152,096	0.0%
Net Income	$-53,178	$-70,118	-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

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
MORGAN BOHANNON	SECRETARY	2.00	Officer Director	$0	$0	$0
LANCE FREED	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
NEAL BECKFORD MD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID KRAUS MD	DIRECTOR	2.00	Director	$0	$0	$0
CAREN CREASON	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID EDMONDS	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA PITTS CFP JD	DIRECTOR	2.00	Director	$0	$0	$0
ERNEST STRICKLAND	DIRECTOR	2.00	Director	$0	$0	$0
DANESE BANKS JD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID PORTER	EXECUTIVE DIRECTOR	40.00	Officer 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
2025	No data	No data	No data	No data
2024	$94,854	$148,032	$468,055	$-53,178
2023	$81,978	$152,096	$522,181	$-70,118
2022	$54,544	$193,364	$588,943	$-138,820
2021	$239,039	$246,498	$803,599	$-7,459
2020	$37,145	$403,249	$750,676	$-366,104
2019	$74,786	$443,799	$1,093,787	$-369,013
2018	$314,217	$477,151	$1,405,544	$-162,934

THE CONSORTIUM MMT