Upper Marlboro, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Foundation for the Advancement of Music & Education, founded in 2004, is a small nonprofit in the Education sector that reported $766K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $661K left a modest 14% surplus.
FAMEs mission is to give every youth musicians the best opportunity to succeed in life by providing music instruction and academic support. We prepare middle and high school students for college and careers through a four-pronged approach--music, instruction, academic support, college preparation and career readiness.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $766,379 | $590,910 | +0.3% |
| Expenses | $661,154 | $714,604 | -0.1% |
| Net Income | $105,225 | $-123,694 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ingrid Valentine | Chairperson | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Reginald Weaver | Vice Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cecelia Davis | Vice Chair & Treasurer | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gregory K Wells | Vice Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Karen Jackson | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sam Hutchinson | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| C Wayne Ferguson | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Carl Shazor | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Cassandra White | Board Member | 3.00 |
Director
|
$0 | $0 | $0 |
| Arethia Lewis | Executive Director | 40.00 |
Key Emp
|
$142,713 | $0 | $142,713 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $766,379 | $661,154 | $202,341 | $105,225 |
| 2022 | $590,910 | $714,604 | $102,318 | $-123,694 |
| 2021 | $667,234 | $629,584 | $214,037 | $37,650 |
| 2020 | $534,939 | $486,559 | $254,645 | $48,380 |
Compare The Foundation for the Advancement of Music & Education with other nonprofits in Maryland and across the country.