MUSIC BUSINESS ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

PORTIA SABIN

Phone

3602597696

Tax Period

2024-10-01 to 2025-09-30

MUSIC BUSINESS ASSOCIATION, founded in 1958, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TRADE ORGANIZATION MUSIC BUSINESS DOES RESEARCH, HOLDS SEMINARS AND HAS A CONVENTION EACH YEAR FOR THEIR MEMBERS

Program Service Accomplishments

Program 1

Expenses: $1,333,325 Revenue: $1,668,337

THE TRADE ASSOCIATION FOR THE BUSINESS OF MUSIC, PROVIDING THE CENTRAL PLATFORM FOR THE DISCUSSION OF INDUSTRY-WIDE CONCERNS, SPEARHEADING THE IMPLEMENTATION OF INITIATIVES TO PROMOTE MUSIC COMMERCE, AND ADVOCATING FOR COMMON INTERESTS. MEMBERS INCLUDE COMPANIES AND INDIVIDUALS FROM ALL ASPECTS OF MUSIC DISTRIBUTION INCLUDING PHYSICAL, DIGITAL, AND MOBILE OUTLETS AS WELL AS GAMING, APPLICATIONS, MERCHANDISE, VIDEO AND MORE. NARM MEMBERS HAVE ACCESS TO A VARIETY OF CONFERENCES, VIRTUAL SEMINARS, NETWORKING OPPORTUNITIES, INFORMATION AND EDUCATION RESOURCES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $853,938

Program Service Revenue $1,668,337

Investment Income $62,010

Other Revenue $0

TOTAL REVENUE $2,584,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,573,501

Fundraising Expenses $65,058

Program Expenses $1,333,325

Other Expenses $1,110,001

TOTAL EXPENSES $2,683,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,584,285	$2,926,345	-0.1%
Expenses	$2,683,502	$2,428,884	+0.1%
Net Income	$-99,217	$497,461	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$391,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEA KORAMBLYUM	CHAIR	2.00	Officer Director	$0	$0	$0
ANDREEA GLEESON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRANDON HOLMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ALEX HEICHE	TREASURER	2.00	Officer Director	$0	$0	$0
MEGAN JOYCE	DIRECTOR	2.00	Director	$0	$0	$0
ELLIOT PETERS	DIRECTOR	2.00	Director	$0	$0	$0
JANETTE BERRIOS	DIRECTOR	2.00	Director	$0	$0	$0
DARIN SOLER	DIRECTOR	2.00	Director	$0	$0	$0
JOSIAH ALBERTSON	DIRECTOR	2.00	Director	$0	$0	$0
MARCEL JOSEPH JR	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA PASCAL	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN PESATURO	DIRECTOR	2.00	Director	$0	$0	$0
JEFF STOLTZ	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL CORCORAN	DIRECTOR	2.00	Director	$0	$0	$0
LAURA PROVENZANO	DIRECTOR	2.00	Director	$0	$0	$0
KELSEY TUBBS	DIRECTOR	2.00	Director	$0	$0	$0
DEVAN SCHULTE	DIRECTOR	2.00	Director	$0	$0	$0
MARK BUTTERWORTH	DIRECTOR	2.00	Director	$0	$0	$0
TRACY CHAN	DIRECTOR	2.00	Director	$0	$0	$0
ERIN CHOI	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD SIDDALL-JONES	DIRECTOR	2.00	Director	$0	$0	$0
TOBAGO BENITO	DIRECTOR	2.00	Director	$0	$0	$0
EMILIO MORALES	DIRECTOR	2.00	Director	$0	$0	$0
SHELLY WESTERHAUSEN	DIRECTOR	2.00	Director	$0	$0	$0
ACE HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
PORTIA SABIN	PRESIDENT	35.00	Officer Highest	$338,436	$52,877	$391,313
NICOLE HENNESSEY	VP & DIRECTOR OF COMMUNICATIONS	35.00	Highest	$166,376	$16,888	$183,264
SONYA ASKEW	MEMBERSHIPS & ACADEMIC PARTNERSHIPS DIRECTOR	35.00	Highest	$164,894	$27,175	$192,069
THOMAS A TOCHINI	CHIEF OF STAFF & DIRECTOR OF EVENTS	35.00	Highest	$114,202	$21,350	$135,552

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	$2,584,285	$2,683,502	$2,516,142	$-99,217
2024	$2,926,345	$2,428,884	$2,667,520	$497,461
2023	$3,069,550	$2,116,300	$2,052,667	$953,250
2022	$2,472,439	$1,853,409	$1,097,249	$619,030
2021	$1,394,029	$1,208,805	$661,964	$185,224
2020	$801,917	$1,711,389	$950,641	$-909,472
2019	$1,929,701	$1,831,728	$1,358,555	$97,973
2018	$1,716,648	$1,568,516	$1,246,713	$148,132