Edmond, OK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LOCAL OKLAHOMA MUSIC ASSOCIATION, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $276K left a modest 4% surplus.
To provide local Oklahoma elementary and secondary school music programs with financial aid for instruments, instrument repair, print music, and equipment.
"Win $25,000" - 100% of ticket revenue went back to the school's music program that sold the tickets. In 2024, $258,849.25 was funded back to the schools. The money was used to purchase musical...
"Win $25,000" - 100% of ticket revenue went back to the school's music program that sold the tickets. In 2024, $258,849.25 was funded back to the schools. The money was used to purchase musical instruments, instrument repair, print music, and equipment. The winning tickets will be selected on March 14, 2025. Three prizes will be awarded - $25,000 cash, Heritage guitar, and Bach trumpet.
"Donated Money" - Through donated money, LOMA provides Oklahoma elementary and secondary school music programs with financial aid for instruments, instrument repair, print music, and equipment. $0...
"Donated Money" - Through donated money, LOMA provides Oklahoma elementary and secondary school music programs with financial aid for instruments, instrument repair, print music, and equipment. $0 was given to schools in 2024.
"Emergency Need" - Emergency Need funds, when available, are for the financial need of a music student for an instrument or instrument repairs. The requested funds from LOMA would be necessary for...
"Emergency Need" - Emergency Need funds, when available, are for the financial need of a music student for an instrument or instrument repairs. The requested funds from LOMA would be necessary for the student to be able to continue to participate in the school's music program. In 2024, zero requests were submitted. Expenses will vary, based on requests fulfilled.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $288,588 | $213,688 | +0.4% |
| Expenses | $275,891 | $217,492 | +0.3% |
| Net Income | $12,697 | $-3,804 | -4.3% |
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 |
|---|---|---|---|---|---|---|
| Doug Henderson | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Mark Parker | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Brian Britt | President | 1 |
Officer
|
$0 | $0 | $0 |
| Mike Gilliam | Treasurer | 5 |
Officer
|
$0 | $0 | $0 |
| Brian Lamb | Secretary | 1 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $288,588 | $275,891 | $53,242 | $12,697 |
| 2023 | $213,688 | $217,492 | $42,748 | $-3,804 |
Compare LOCAL OKLAHOMA MUSIC ASSOCIATION with other nonprofits in Oklahoma and across the country.