MUSIC LIBRARY ASSOCIATION INC (EIN 526056338) - 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

1945

Legal Domicile

Principal Officer

BRUCE EVANS

Phone

5182186110

Tax Period

2024-07-01 to 2025-06-30

MUSIC LIBRARY ASSOCIATION INC, founded in 1945, is a small nonprofit in the Education sector that reported $515K in total revenue in fiscal year 2024. The organization ran a surplus of $229K, a strong 44% operating margin.

Mission

TO PROMOTE THE ESTABLISHMENT, GROWTH, AND USE OF MUSIC LIBRARIES; TO ENCOURAGE THE COLLECTION OF MUSIC AND MUSICAL LITERATURE IN LIBRARIES; TO FURTHER STUDIES IN MUSICAL BIBLIOGRAPHY; TO INCREASE EFFICIENCY IN MUSIC LIBRARY SERVICE AND ADMINISTRATION; AND TO PROMOTE THE PROFESSION OF MUSIC LIBRARIANSHIP.

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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 $26,338

Program Service Revenue $211,718

Investment Income $165,640

Other Revenue $111,164

TOTAL REVENUE $514,860

Expense Breakdown

Grants Paid $14,040

Salaries & Benefits $1,500

Fundraising Expenses $0

Program Expenses $153,933

Other Expenses $270,809

TOTAL EXPENSES $286,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,860	$481,609	+0.1%
Expenses	$286,349	$465,134	-0.4%
Net Income	$228,511	$16,475	+12.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

250

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

$1,450

Total Directors

$1,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE EVANS	PRESIDENT	20.00	Officer Director	$0	$0	$0
LISA SHIOTA	CHIEF FINANCIAL OFFICER	20.00	Officer Director	$0	$0	$0
SERENA VAQUILAR	ASSISTANT CFO	20.00	Officer Director	$1,450	$0	$1,450
MICHELLE RIVERA	RECORDING SECRETARY	10.00	Officer Director	$0	$0	$0
PAULA HICKNER	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
JESSICA ABBAZZIO	FISCAL OFFICER	5.00	Director	$0	$0	$0
RAHNI KENNEDY	FISCAL OFFICER (THRU MARCH)	5.00	Director	$0	$0	$0
KATE LAMBARIA	ASSIST. FISCAL OFFICER (SINCE MARCH)	5.00	Officer Director	$0	$0	$0
JASON IMBESI	PLANNING OFFICER (SINCE MARCH)	5.00	Director	$0	$0	$0
HOUMAN BEHZADI	PLANNING OFFICER (THRU MARCH)	5.00	Director	$0	$0	$0
ANDREA BECKENDORF	ASSIST. PLANNING OFFICER (SINCE MARCH)	5.00	Officer Director	$0	$0	$0
CHUCK PETERS	PARLIAMENTARIAN (SINCE MARCH)	5.00	Director	$0	$0	$0
ANGELA PRATESI	PARLIAMENTARIAN (THRU MARCH	5.00	Director	$0	$0	$0
MATTHEW VEST	ASSISTANT PARLIAMENTARIAN (SINCE MARCH)	5.00	Director	$0	$0	$0
THI LETTNER	EARLY CAREER REP (SINCE MARCH)	5.00	Director	$0	$0	$0
BLAINE BRUBAKER	- EARLY CAREER REP (THRU MARCH)	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
2025	$514,860	$286,349	$3,048,764	$228,511
2024	$481,609	$465,134	$2,732,144	$16,475
2023	$518,668	$438,377	$2,511,786	$80,291
2022	$523,321	$312,238	$2,329,581	$211,083
2021	$485,900	$343,613	$2,574,804	$142,287
2020	$539,896	$393,279	$2,114,490	$146,617
2019	$593,398	$446,638	$1,997,152	$146,760

MUSIC LIBRARY ASSOCIATION INC