SOCIETY FOR AMERICAN MUSIC

EIN: 510172617 501(c)(3) Education

SEATTLE, WA

Total Revenue
$367,955
Total Expenses
$277,935
Total Assets
$1,484,533
Net Assets
$1,484,533
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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
1975
Principal Officer
CHRISTINA M MACDONALD
Phone
2066014062
Tax Period
2024-01-01 to 2024-12-31

SOCIETY FOR AMERICAN MUSIC, founded in 1975, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 24% operating margin.

Mission

THE SOCIETY FOR AMERICAN MUSIC SEEKS TO STIMULATE THE APPRECIATION, PERFORMANCE, CREATION AND STUDY OF AMERICAN MUSIC IN ALL ITS HISTORICAL AND CONTEMPORARY STYLES AND CONTEXTS INCLUDING, BUT NOT LIMITED TO ART AND POPULAR MUSIC, THE MUSIC OF ETHNIC GROUPS AND MINORITIES, AND THE FULL RANGE OF ACTIVITIES ASSOCIATED WITH MUSIC IN NORTH AMERICA AND THE CARIBBEAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $134,929
Program Service Revenue $119,771
Investment Income $113,255
Other Revenue $0
TOTAL REVENUE $367,955

Expense Breakdown

Grants Paid $53,650
Salaries & Benefits $37,165
Fundraising Expenses $0
Program Expenses $261,315
Other Expenses $187,120
TOTAL EXPENSES $277,935

Year-over-Year Comparison

2024 2023 Change
Revenue $367,955 $209,072 +0.8%
Expenses $277,935 $256,651 +0.1%
Net Income $90,020 $-47,579 -2.9%
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

Financial Distress Indicator

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
11
Independent Members
11
Employees
1
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
$34,269
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA M MACDONALD EXECUTIVE DI 15.00
Officer
$34,269 $0 $34,269
RYAN BANAGALE MEMBER AT LA 5.00
Director
$0 $0 $0
MARIANNE BETZ MEMBER AT LA 5.00
Director
$0 $0 $0
DOUGLAS BOMBERGER PRESIDENT 5.00
Officer Director
$0 $0 $0
MARIBETH CLARK TREASURER 5.00
Officer Director
$0 $0 $0
DAVID GARCIA MEMBER AT LA 5.00
Director
$0 $0 $0
DANIEL GOLDMARK PAST PRESIDE 5.00
Director
$0 $0 $0
DANA GORZELANY-MOSTAK SECRETARY 5.00
Officer Director
$0 $0 $0
DEAN HUBBS MEMBER AT LA 5.00
Director
$0 $0 $0
BETH LEVY VICE-PRESIDE 5.00
Officer Director
$0 $0 $0
DWANDALYN REECE MEMBER AT LA 5.00
Director
$0 $0 $0
CHRISTI JAY WELLS MEMBER AT LA 5.00
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 $367,955 $277,935 $1,484,533 $90,020
2023 $209,072 $256,651 $1,374,224 $-47,579
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