MARS HILL AUDIO INC

EIN: 541525723 501(c)(3) Arts, Culture & Humanities

CHARLOTTESVILLE, VA

Total Revenue
$323,706
Total Expenses
$348,449
Total Assets
$427,794
Net Assets
$347,566
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
VA
Principal Officer
KENNETH A MYERS
Phone
4349909000
Tax Period
2023-10-01 to 2024-09-30

MARS HILL AUDIO INC, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $324K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

MARS HILL AUDIO PRODUCES CREATIVE AUDIO RESOURCES THAT ENCOURAGE CHRISTIANS TO GROW IN OBEDIENT WISDOM CONCERNING THE CULTURAL CONSEQUENCES OF OUR DUTY TO LOVE GOD AND NEIGHBOR.

Program Service Accomplishments

Program 1
Expenses: $266,132 Revenue: $62,314

MARS HILL AUDIO PRODUCES AND DISTRIBUTES AUDIO RECORDINGS, PRINTED PUBLICATIONS, AND LECTURES ON CHRISTIANTIY AND CURRENT CULTURAL ISSUES. THE PRODUCTIONS ADVANCE CHRISTIAN VALUES AND PRINCIPLES TO...

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MARS HILL AUDIO PRODUCES AND DISTRIBUTES AUDIO RECORDINGS, PRINTED PUBLICATIONS, AND LECTURES ON CHRISTIANTIY AND CURRENT CULTURAL ISSUES. THE PRODUCTIONS ADVANCE CHRISTIAN VALUES AND PRINCIPLES TO MARS HILL AUDIO'S SUBSCRIBERS AND THE GENERAL PUBLIC. THE LECTURES WERE PRESENTED TO APPROXIMATELY 3,000 PEOPLE, AND ABOUT 5,400 PEOPLE SUBSCRIBE TO MARS HILL AUDIO'S RECORDINGS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $259,706
Program Service Revenue $62,314
Investment Income $1,678
Other Revenue $8
TOTAL REVENUE $323,706

Expense Breakdown

Grants Paid $0
Salaries & Benefits $200,739
Fundraising Expenses $14,627
Program Expenses $266,132
Other Expenses $147,710
TOTAL EXPENSES $348,449

Year-over-Year Comparison

2023 2022 Change
Revenue $323,706 $400,598 -0.2%
Expenses $348,449 $223,278 +0.6%
Net Income $-24,743 $177,320 -1.1%
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

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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
5
Independent Members
4
Employees
7
Volunteers
4

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
3
$129,079
Total Directors
5
$129,079
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE ADAMS CHAIRMAN 0.00
Officer Director
$0 $0 $0
KYLE WILLIAMS DIRECTOR 0.00
Director
$0 $0 $0
MILTON MATTER TREASURER 0.00
Officer Director
$0 $0 $0
KENNETH MYERS PRESIDENT 40.00
Officer Director
$112,348 $16,731 $129,079
THOMAS FICKLEY DIRECTOR 0.00
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 $323,706 $348,449 $427,794 $-24,743
2023 $400,598 $223,278 $426,180 $177,320
2022 $280,457 $233,688 $296,569 $46,769
2021 $325,739 $244,391 $282,263 $81,348
2020 $411,556 $381,553 $191,640 $30,003
2019 $371,819 $393,960 $169,818 $-22,141
2018 $441,593 $417,708 $209,428 $23,885
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