i AM Music Inc (EIN 464504205) - 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

2014

Legal Domicile

Principal Officer

JESSE OGLE

Phone

9703009966

Tax Period

2024-01-01 to 2024-12-31

i AM Music Inc, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $455K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

IAM MUSIC IS AN ECOSYSTEM FOUNDED BY ARTISTS FOR ARTISTS SERVING AS A CREATIVE HUBFOR COLLABORATION. WE EMPOWER AND CONNECT YOUTH, ELEVATE AND SHOWCASE CAREER-MINDEDMUSICIANS, AND HOST EVENTS TO STIMULATE THE LOCAL CREATIVE ECONOMY. WE ARE ALWAYSINNOVATING AND EVOLVING TO STAY CURRENT WITH THE WIDER MUSIC COMMUNITY.

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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 $143,001

Program Service Revenue $251,871

Investment Income $-1,635

Other Revenue $61,598

TOTAL REVENUE $454,835

Expense Breakdown

Grants Paid $100

Salaries & Benefits $308,530

Fundraising Expenses $29,364

Program Expenses $300,820

Other Expenses $136,025

TOTAL EXPENSES $444,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$454,835	$386,734	+0.2%
Expenses	$444,655	$410,430	+0.1%
Net Income	$10,180	$-23,696	-1.4%

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

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

$56,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE OGLE	Director	15.00	Director	$38,810	$0	$38,810
Ronaelle S Perillo	Executive Dir.	40.00	Director	$17,250	$0	$17,250
ASHLEY EDWARDS	Executive Dir.	1.00	Officer Director	$0	$0	$0
TARA KIENE	Treasurer	1.00	Officer Director	$0	$0	$0
CHASE NOLAND	Secretary	1.00	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
2024	$454,835	$444,655	$55,308	$10,180
2023	$386,734	$410,430	$27,681	$-23,696
2022	$430,193	$423,401	$51,405	$6,792
2021	$289,025	$293,078	$27,046	$-4,053
2020	$239,956	$205,188	$29,256	$34,768
2019	$191,999	$204,779	$1,147	$-12,780

i AM Music Inc