PRESBYTERIAN ASSOCIATION OF MUSICIANS

EIN: 581415015 501(c)(3) Arts, Culture & Humanities

LOUISVILLE, KY

Total Revenue
$1,012,491
Total Expenses
$772,029
Total Assets
$1,717,139
Net Assets
$1,546,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
KY
Principal Officer
KELLY ABRAHAM
Phone
6152775148
Tax Period
2023-01-01 to 2023-12-31

PRESBYTERIAN ASSOCIATION OF MUSICIANS, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $240K, a strong 24% operating margin.

Mission

THE PRESBYTERIAN ASSOCIATION OF MUSICIANS EDUCATES, ENRICHES, AND ENGAGES ITS MEMBERSHIP IN HUMANITY'S CHIEF END: TO GLORIFY AND ENJOY GOD FOREVER. OUR MOST SIGNIFICANT ACTIVITIES INCLUDE THREE ANNUAL CONFERENCES AND A MEMBERSHIP TO THE ORGANIZATION.

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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 $160,876
Program Service Revenue $596,863
Investment Income $197,998
Other Revenue $56,754
TOTAL REVENUE $1,012,491

Expense Breakdown

Grants Paid $0
Salaries & Benefits $207,501
Fundraising Expenses $50,741
Program Expenses $557,779
Other Expenses $564,528
TOTAL EXPENSES $772,029

Year-over-Year Comparison

2023 2022 Change
Revenue $1,012,491 $1,110,026 -0.1%
Expenses $772,029 $677,165 +0.1%
Net Income $240,462 $432,861 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
$119,857
Total Directors
11
$119,857
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK KEMP PRESIDENT 0.00
Officer Director
$0 $0 $0
EMILY FLOYD CCM PRESIDENT-ELECT 0.00
Officer Director
$0 $0 $0
ELIZABETH PARLER SECRETARY 0.00
Officer Director
$0 $0 $0
KAITLYN DAVROS BOARD MEMBER 0.00
Director
$0 $0 $0
BRIAN LEW DR BOARD MEMBER 0.00
Director
$0 $0 $0
ADAM WARD DR BOARD MEMBER 0.00
Director
$0 $0 $0
KELLY ABRAHAM EXECUTIVE DIRECTOR 40.00
Officer Director
$119,857 $0 $119,857
KIMBER-LEE ADAMS REV BOARD MEMBER 0.00
Director
$0 $0 $0
ERIC VANDERMEYDEN TREASURER 0.00
Officer Director
$0 $0 $0
MITCHELL CRAWFORD BOARD MEMBER 0.00
Director
$0 $0 $0
COLLEEN CHINEN REV BOARD MEMBER 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,012,491 $772,029 $1,717,139 $240,462
2022 $1,110,026 $677,165 $1,423,846 $432,861
2021 $798,193 $542,993 $979,820 $255,200
2020 $632,710 $445,977 $746,366 $186,733
2019 $766,592 $620,512 $511,980 $146,080
2018 $727,413 $744,556 $336,874 $-17,143
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