THE MUSICIANS HALL OF FAME AND MUSEUM

EIN: 753128782 501(c)(3) Arts, Culture & Humanities

NASHVILLE, TN

Total Revenue
$1,803,524
Total Expenses
$1,519,457
Total Assets
$2,567,143
Net Assets
$2,297,712
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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
2003
Legal Domicile
TN
Principal Officer
LINDA CHAMBERS
Phone
6152443263
Tax Period
2024-01-01 to 2024-12-31

THE MUSICIANS HALL OF FAME AND MUSEUM, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $284K, a strong 16% operating margin.

Mission

THE MISSION OF THE MUSICIANS HALL OF FAME AND MUSEUM IS TO HONOR ALL GREAT MUSICIANS REGARDLESS OF GENRE OR INSTRUMENTS. THIS IS DONE BY EXHIBITING THE ACTUAL INSTRUMENT THEY USED TO RECORD SOME OF THE MOST ICONIC SONGS IN RECORDED HISTORY. WE ALSO EDUCATE INTERNATIONAL VISITORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $122,293
Program Service Revenue $1,640,622
Investment Income $28,013
Other Revenue $12,596
TOTAL REVENUE $1,803,524

Expense Breakdown

Grants Paid $6,024
Salaries & Benefits $1,037,266
Fundraising Expenses $0
Program Expenses $1,080,732
Other Expenses $476,167
TOTAL EXPENSES $1,519,457

Year-over-Year Comparison

2024 2023 Change
Revenue $1,803,524 $2,331,600 -0.2%
Expenses $1,519,457 $1,498,830 +0.0%
Net Income $284,067 $832,770 -0.7%
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

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Governance

Voting Members
6
Independent Members
5
Employees
36
Volunteers
1

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
2
$306,199
Total Directors
6
$200,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA CHAMBERS Executive Dir. 40.00
Officer Director
$200,000 $0 $200,000
ANGELA SMITH ACCOUNTING MGR 40.00
Officer
$106,199 $0 $106,199
KAY SMITH Vice President 0.50
Director
$0 $0 $0
BOB BERRY Director 0.50
Director
$0 $0 $0
DOUG ROBERTS Secretary 0.50
Director
$0 $0 $0
LESLIE DOWNS Director 0.50
Director
$0 $0 $0
BRITT CHAMBERS HAWKER Director 0.50
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 $1,803,524 $1,519,457 $2,567,143 $284,067
2023 $2,331,600 $1,498,830 $3,143,535 $832,770
2022 $2,092,775 $1,469,763 $2,620,096 $623,012
2021 $1,370,985 $794,241 $2,497,299 $576,744
2020 $840,506 $765,449 $1,417,898 $75,057
2020 $840,506 $766,097 $1,417,898 $74,409
2019 $1,882,519 $1,317,751 $1,563,691 $564,768
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