COUNTRY MUSIC FOUNDATION INC (EIN 620753887) - 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

1964

Legal Domicile

Principal Officer

KYLE YOUNG

Phone

6154162043

Tax Period

2023-01-01 to 2023-12-31

COUNTRY MUSIC FOUNDATION INC, founded in 1964, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $57.1M in total revenue in fiscal year 2023. The organization ran a surplus of $14.0M, a strong 25% operating margin.

Mission

IDENTIFY & PRESERVE THE EVOLVING HISTORY & TRADITIONS OF COUNTRY MUSIC & TO EDUCATE ITS AUDIENCES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,935,579

Program Service Revenue $44,786,510

Investment Income $2,116,001

Other Revenue $6,305,890

TOTAL REVENUE $57,143,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,461,412

Fundraising Expenses $2,479,917

Program Expenses $37,403,486

Other Expenses $22,634,036

TOTAL EXPENSES $43,095,448

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,143,980	$56,037,888	+0.0%
Expenses	$43,095,448	$39,718,258	+0.1%
Net Income	$14,048,532	$16,319,630	-0.1%

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

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

474

Volunteers

108

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

$1,204,414

Total Directors

Key Employees

$486,152

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN MCCREADY	BOARD CHAIR	8.00	Officer Director	$0	$0	$0
AL GIOMBETTI	EXECUTIVE VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID ROSS	SECRETARY	2.00	Officer Director	$0	$0	$0
ERNEST WILLIAMS III	TREASURER	2.00	Officer Director	$0	$0	$0
MARK BLOOM	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CONRAD	TRUSTEE	1.00	Director	$0	$0	$0
J WILLIAM DENNY	TRUSTEE	1.00	Director	$0	$0	$0
ROD ESSIG	TRUSTEE	1.00	Director	$0	$0	$0
KEN LEVITAN	TRUSTEE	1.00	Director	$0	$0	$0
JODY WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
KYLE YOUNG	CEO	40.00	Officer	$846,852	$13,537	$860,389
NINA BURGHARD	EXEC VP FINANCES & OPERATIONS	40.00	Officer	$330,614	$13,411	$344,025
LISA DAVIS	EXEC VP EXTERNAL AFFAIRS	40.00	Key Emp	$248,489	$11,180	$259,669
MARK DE LELYS	VP REVENUE	40.00	Key Emp	$216,536	$9,947	$226,483
HERNANDO RODRIGUEZ	SR. DIR OF EVENTS & CULINARY	40.00	Highest	$198,541	$9,478	$208,019
JOHNNY CUNNINGHAM	SR. DIR OF INFORMATION & TECHNOLOGY	40.00	Highest	$197,289	$6,008	$203,297
WARREN DENNY	VP CREATIVE	40.00	Highest	$147,843	$7,078	$154,921
BEN HALL	VP DEVELOPMENT	40.00	Highest	$128,966	$7,060	$136,026
MICHAEL GRAY	VP MUSEUM SERVICES	40.00	Highest	$126,339	$7,657	$133,996

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	No data	No data	No data	No data
2023	$57,143,980	$43,095,448	$152,048,376	$14,048,532
2022	$56,037,888	$39,718,258	$134,685,329	$16,319,630
2021	$42,243,182	$27,909,791	$117,612,886	$14,333,391
2020	$14,152,198	$26,338,119	$103,507,163	$-12,185,921
2019	$43,518,974	$37,318,076	$111,642,890	$6,200,898
2018	$40,736,347	$35,727,545	$105,260,475	$5,008,802

COUNTRY MUSIC FOUNDATION INC